Latest news with #NationalInvestment
Barnama
22-05-2025
- Automotive
- Barnama
Malaysia Aims For 10,000 EV Charging Stations By 2025
GENERAL By Kenny Teng BANGKOK, May 22 (Bernama) -- Malaysia is targeting to establish 10,000 electric vehicle (EV) charging stations nationwide by the end of 2025, according to Deputy Prime Minister Datuk Seri Fadillah Yusof. Fadillah, who also serves as the Energy Transition and Water Transformation Minister, said Malaysia aspires to become a regional hub for EV production and innovation while strengthening the entire EV value chain. "The government is focusing on improving and upgrading nationwide charging infrastructure to boost EV sales and attract potential investors to this growing segment. "Our target is to have approximately 10,000 charging stations across Malaysia, including Sabah and Sarawak, by the end of this year," he said during an address at a dinner with the Malaysian diaspora in Thailand on Thursday. Fadillah highlighted Malaysia's National Investment Aspirations, which aim to position the country as a global supply chain hub by attracting high-quality investments and enhancing the capabilities of local industries. "I believe Malaysia has great potential in the EV segment. As EV sales increase, more investors will be drawn to the sector," he said. However, Fadillah acknowledged the current challenges, particularly the demand for faster direct current (DC) chargers over alternating current (AC) chargers. "We are working closely with Petronas and other industry players to address this issue. Our ministry is ensuring sufficient charging connectivity, including along highways, in rural areas, and across other parts of Malaysia," he explained.
Dubai Eye
11-03-2025
- Business
- Dubai Eye
UAE Cabinet approves six-year National Investment Strategy
The UAE cabinet has approved the country's National Investment Strategy for the next six years, aimed at significantly boosting foreign direct investment (FDI). The plan was unveiled on Monday during a cabinet meeting chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. Sheikh Mohammed said the strategy aims to increase annual FDI inflows from AED 112 billion in 2023 to AED 240 billion by 2031. Additionally, the plan seeks to grow the FDI stock from AED 800 billion to AED 2.2 trillion, with a focus on key sectors such as industry, logistics, finance, renewable energy and IT. Chaired today's Cabinet meeting at Qasr Al Watan, Abu Dhabi. Approved our National Investment Strategy for the next 6 years, aiming to increase annual FDI inflows from AED 112B in 2023 to AED 240B by 2031, and grow FDI stock from AED 800B to AED 2.2T, focusing on industry,… — HH Sheikh Mohammed (@HHShkMohd) March 10, 2025 The Cabinet approved a National Policy for Combating Health Risks, designed to establish national response scenarios, enhance preparedness, and develop recovery and control plans for health crises and emergencies. The Executive Regulations for Organ and Human Tissue Donation and Transplantation was also approved, ensuring better access to life-saving treatments for individuals suffering from conditions that can only be addressed through organ transplants. The UAE now has more than 13 licensed transplant centres, with a 30 per cent increase in transplant procedures. The Cabinet also reviewed the UAE's successful strategic partnerships with African nations, which have led to an 87 per cent increase in trade with Sub-Saharan Africa over five years. Other significant announcements include the launch of the National Green Certificates Programme for sustainable buildings; and the Remote Work System from Outside the Country in the Federal Government, designed to leverage global talent and expertise outside the UAE to execute specialized job tasks and conduct studies relevant to government operations. The Cabinet approved 28 international agreements, including economic partnerships with Malaysia, New Zealand and Kenya, plus security, logistics and governmental cooperation deals. The National Digital Economy Strategy was also reviewed as the UAE targets an increase in the digital economy's GDP contribution from 9.7 per cent to 19.4 per cent.
TAG 91.1
10-03-2025
- Business
- TAG 91.1
UAE Cabinet approves six-year National Investment Strategy
The UAE cabinet has approved the country's National Investment Strategy for the next six years, aimed at significantly boosting foreign direct investment (FDI). The plan was unveiled on Monday during a cabinet meeting chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. Sheikh Mohammed said the strategy aims to increase annual FDI inflows from AED 112 billion in 2023 to AED 240 billion by 2031. Additionally, the plan seeks to grow the FDI stock from AED 800 billion to AED 2.2 trillion, with a focus on key sectors such as industry, logistics, finance, renewable energy and IT. Chaired today's Cabinet meeting at Qasr Al Watan, Abu Dhabi. Approved our National Investment Strategy for the next 6 years, aiming to increase annual FDI inflows from AED 112B in 2023 to AED 240B by 2031, and grow FDI stock from AED 800B to AED 2.2T, focusing on industry,… — HH Sheikh Mohammed (@HHShkMohd) March 10, 2025 The Cabinet approved a National Policy for Combating Health Risks, designed to establish national response scenarios, enhance preparedness, and develop recovery and control plans for health crises and emergencies. The Executive Regulations for Organ and Human Tissue Donation and Transplantation was also approved, ensuring better access to life-saving treatments for individuals suffering from conditions that can only be addressed through organ transplants. The UAE now has more than 13 licensed transplant centres, with a 30 per cent increase in transplant procedures. The Cabinet also reviewed the UAE's successful strategic partnerships with African nations, which have led to an 87 per cent increase in trade with Sub-Saharan Africa over five years. Other significant announcements include the launch of the National Green Certificates Programme for sustainable buildings; and the Remote Work System from Outside the Country in the Federal Government, designed to leverage global talent and expertise outside the UAE to execute specialized job tasks and conduct studies relevant to government operations. The Cabinet approved 28 international agreements, including economic partnerships with Malaysia, New Zealand and Kenya, plus security, logistics and governmental cooperation deals. The National Digital Economy Strategy was also reviewed as the UAE targets an increase in the digital economy's GDP contribution from 9.7 per cent to 19.4 per cent.
