Hollande's visit to draw more French companies to invest in Malaysia, says Mustapa

President Francois Hollande's state visit to Malaysia will draw more French companies to invest in the country, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed.

He said currently there are at least 270 French companies operating businesses in Malaysia, with an investment value of RM15 billion and in sectors that include manufacturing, services and finance.

"France is a country with a huge investment in Malaysia and also a strong superpower.

"Hence, this partnership will further enhance our business relationship. It will at the same time improve Malaysia's profile in the energy sector," he told reporters after witnessing six memorandums of understanding between the two governments here today.

The MoUs embrace the energy, solar power generation and gas sectors.

Mustapa said the frequent contacts between Malaysia and France has resulted in productive bilateral outcomes.

He also said his ministry would hold continuous engagements with French companies in Malaysia.

Hollande arrived in Malaysia on Monday night. He is scheduled to leave for Jakarta tonight.

France is Malaysia's fourth largest trading partner among the European Union countries. - BERNAMA