KUALA LUMPUR, Oct 11 — The government's support and the smooth implementation of the Automotive High Tech Valley (AHTV) project are prime examples of Malaysia's approach to efficiently and expeditiously facilitating investments.
In a Facebook post, Prime Minister Datuk Seri Anwar Ibrahim said the AHTV project is set to transform Tanjong Malim into a global automotive hub for new energy vehicles, and its scope will be broadened to include talent development, research and development, and urbanisation.
The AHTV is a mega project involving a RM32 billion investment, spearheaded by Zhejiang Geely Holding Group Co Ltd and DRB-Hicom Bhd.
Earlier on, the Prime Minister chaired a meeting on the project, which was attended by Perak Menteri Besar Datuk Seri Saarani Mohamad, Investment, Tade, and Industry Minister, Tengku Datuk Seri Zafrul Abdul Aziz; and Science, Technology, and Innovation Minister Chang Lih Kang.
“After the meeting, I witnessed the signing of the Collaboration Agreement between DRB-HICOM and Geely as a commitment from both parties in making AHTV a success," he said.
Anwar also witnessed the signing of the main principles of the agreement between Altel and Geespace Technology, Geely's strategic investment company, which focuses on developing and implementing high-tech systems, catalysing innovative solutions for sectors like smart ports.
— Bernama
