PRIME Minister Datuk Seri Anwar Ibrahim (picture) will be meeting Chinese automobile manufacturer Geely in Tanjung Malim, Perak tomorrow to look into the US$10 billion (RM45.3 billion) investment project and to explore the possibilities of the expansion of the automotive high-tech valley.

He said the meeting with Geely will also dispel rumours by certain quarters that the investment fell through.

“God willing, tomorrow (Oct 11) Geely will be with me for a visit to Tanjung Malim, in relation to the implementation of the major Automotive High Tech Valley project.

“This is to dismiss concerns or claims that the announcement (of the investment) might not be implemented. In this case, it happened.

“The official visit to China from March 29 to 31 this year has generated a potential investment value of RM170.07 billion, including investments from Geely,” Anwar said during the Prime Minister Question Time (PMQT) in the Dewan Rakyat today.

He was responding to a question by Tan Kar Hing (Pakatan Harapan-Gopeng) who asked the prime minister to state the outcomes of overseas visits, including investments, cooperation with other countries and the level of confidence of foreign investors in Malaysia.

The Tambun MP said taking office last November, the government has managed to secure over RM200bil in investment commitments from his 17 working trips overseas.

These included investment commitments from countries such as China, the United States and the United Arab Emirates (UAE).

These included RM100.33bil in investment commitments from roundtable sessions with industry players and Chinese business leaders as well as RM69.74bil from the 19 Memorandum of Understanding (MoU) inked between Malaysian and Chinese companies during the trip.

In a related matter, Anwar said the government will take measures to make administrative reforms through the establishment of an investment and trade action coordination committee under the Investment, Trade and Industry Ministry to ensure that international and domestic direct investments and trades are realised as soon as possible.

“This will ensure that the projects are approved quickly. This is because there are concerns when it comes to the implementation. When (the investments are) approved, there are issues when it comes to the ease of business.

“Therefore, I have stressed that we should make an immediate change,” he said. – TMR