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BusinessToday
26-07-2025
- Business
- BusinessToday
Two Foreign Investment Projects Underway After Spate Of Trade Missions
Two foreign investment projects announced during the government's trade and investment missions abroad have now begun, refuting claims Prime Minister Datuk Seri Anwar Ibrahim's official visits abroad are fruitless. Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said Gul Technologies, a company announced during the trade and investment mission to China last year, is currently building its factory in Kulim, Kedah, with an investment of RM350 million for Phase 1. He said the project is set to create 350 jobs for locals. 'What is interesting is that this company is collaborating with Kulim Advanced Technologies Sdn Bhd, a subsidiary of Kulim Hi-Tech Park Corporation Sdn Bhd, which is responsible for training young talents. 'Through this collaboration, the company will employ 100 local technicians who will be sent to China for training,' said Tengku Zafrul in a post on X today. Meanwhile, another company, EDA, which was announced during the trade and investment mission to Italy last year, has started an investment worth RM100 million in Jasin, Melaka. 'EDA also has 150 vendors among local companies. This means EDA is not only creating jobs at their facilities, but also supporting Malaysian workers in 150 local companies,' he said. These two projects are among the 2,198 manufacturing projects that have been approved throughout the Madani Government's administration from 2023 to the first quarter of this year. The minister said that of that total, 1,849 projects, or 84.2 per cent, have been implemented as of July. Related
The Sun
26-07-2025
- Business
- The Sun
Two foreign firms invest RM450m in Malaysia after trade missions
KUALA LUMPUR: Two foreign companies announced during Malaysia's overseas trade missions have commenced investments, countering claims that such trips yielded no results. Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz confirmed the progress, highlighting their economic impact. Gul Technologies, secured during the 2024 China trade mission, is constructing a RM350 million Phase 1 factory in Kulim, Kedah. The project will generate 350 local jobs. 'This firm partners Kulim Advanced Technologies to train 100 technicians in China,' Tengku Zafrul stated on X. Meanwhile, Italy's EDA, announced during the 2024 Europe mission, has invested RM100 million in Jasin, Melaka. 'EDA collaborates with 150 local vendors, supporting jobs beyond its own operations,' he added. These are among 2,198 manufacturing projects approved under the MADANI Government from 2023 to Q1 2025, with 1,849 (84.2%) already implemented. 'We turn potential into reality,' Tengku Zafrul affirmed. - Bernama
