Sign up | Log in



Home  >>   Daily News  >>   Malaysia News  >> Investment  >> Malaysian investment in London on the upswing - Najib
NEWS UPDATES Asean Affairs   4 July 2013  

Malaysian investment in London on the upswing - Najib

Malaysian investment in UK has been on the upswing with companies, including government-linked firms, looking at investing in real estate and purchasing buildings in London.
Prime Minister Datuk Seri Najib Razak said Malaysia, the second major investors in London, will be the major player in the real estate development in metropolitian city.
He said Mara was looking at a few London properties and EPF, flushed with funds, was looking for opportunities to invest here.
Even the quotas for Malaysians in the the Battersea Power Station's apartment project near here had been snapped up, and more Malaysians were buying the properties in the city, he said.
"This is good for the (British) economy," said Najib at the question and answer session with the British media after the official announcement of the 9th World Islamic Economic Forum (WIEF) at the Greater London Authority City Hall here today.
Also present were were London Mayor Boris Johnson, WIEF Foundation chairman Tun Musa Hitam, British Minister of State for Trade and Investment Lord Green of Hurstpierpoint and Malaysia Foreign Minister Datuk Seri Anifah Aman.
Currently, Malaysia's biggest investment in UK is the redevelopment of the ?8 billion (RM39.2 billion) power station.
It is owned by a consortium comprising the EPF, Sime Darby Bhd and SP Setia Bhd.
Najib said with the coming WIEF Forum in October, the first being held outside the Organisation of the Islamic Conference member countries, there will be more opportunities for discussions between both sides on business collaborations which would lead to quite a number of active business proposals.
Najib said the Islamic economy has been on the rise with the Islamic banking emerging from been an obscure sector to a trillion-dollar concern offering a full range of Islamic financial products and services.
"Halal, which most people associate with food, covers everything from pharmaceuticals and logistics to cosmetics and tourism. It is a US$2.3 trillion market providing for more than 1.6 billion Muslims," he added.
He said the opportunities for London were clear, and that was one of the reasons why the forum will bring business and government leaders from both the Muslim and non-Muslim world to the country.
Najib said the forum will also discuss the role of women in business, how to help the cities meet the challenge of growth and the potentials for collaborations on technology and education.
It will also discuss the roles of the governments in promoting economic growth and the importance of moderation and tolerance within Islam, as well as in the wider world.
Meanwhile, Musa, in his welcoming speech, said the forum, titled "Changing World, New Relationships", will be held at ExCel, London's International Convention Centre.
Over 1,500 participants, including government leaders, captains of industries, academic scholars from 100 countries, were expected to attend, he said.
He said British Prime Minister David Cameron has confirmed his attendance and will be participating in the forum.
The forum, which hopes to bridge the Islamic and the non-Islamic world, will also discuss issues on health and education, women, youth and banking and finance.
Among the papers that will be presented are Promoting Transnational Education; Women in Corporate World; Global Health Challenges; and, Youth Unemployment and Apprenticeship.BERNAMA

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories    4 July 2013 Subsribe Now !
• Malaysian investment in London on the upswing - Najib Asean Affairs Premium
• Singapore, Indonesia hold technical discussions on maritime boundaries
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Scramble to reach Indonesia quake survivors as toll hits 24
• China says joint Mekong River operation with Laos, Myanmar, Thailand seized $400M of drugs
• Pollution worsens in Dong Nai River
• Vietnam, EU enter fourth round of FTA talks
Asean Analysis            4 July 2013 Advertise Your Brand
• Asean Analysis- July 4, 2013
• Asean Weekly: The Biweekly Update
Asean Stock Watch     3 July 2013
• Asean Stock Watch-July 3, 2013  

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand