Datuk Seri Najib Tun Razak officiated Khazanah Nasional Berhad's regional office for the Amerikas, Khazanah Americas Incorporated (KAI), in San Francisco Sunday.
He hoped that the opening of this office would help propel Malaysia into a developed nation status by the year 2020.
The prime minister said Malaysia's visionary ambitions to reach a developed nation status by 2020 could be achieved by moving up the value chain and creating an economy driven by knowledge, innovation and technology.
Najib said this when officiating the office located at the 45th Floor, 101 California Street, San Francisco, the third Khazanah's regional office after Beijing and Mumbai.
Also present were his wife, Datin Seri Rosmah Mansor, Communication and Multimedia Minister Datuk Seri Ahmad Shabery Cheek; Second Education Minister Datuk Seri Idris Jusoh; Science, Technology and Innovation Minister Datuk Dr Ewon Ebin; Johor Menteri Besar Datuk Seri Mohamed Khaled Nordin and Director, San Francisco Mayor's Office of International Trade and Commerce Mark Chandler.
The Khazanah Americas Incorporated office has a scenic view of the Golden Gate Bridge, the world's longest and tallest suspension bridge when the bridge was completed in 1937, to connect San Francisco with Marin County across the 1,600 metre-wide strait known as the Golden Gate which links the San Francisco Bay with the Pacific Ocean.
Complimenting Khazanah for "the great choice of sparkling office with a nice view", Najib said Khazanah had made the right choice to be in San Francisco as the city is the centre of innovation in the United States -- one of the most dynamic regions in the world, home to the most admired and innovative busineses and institutions.
Najib, who is also Khazanah Nasional Berhad chairman, said the opening of the office has shown that the Malaysian government fully supported and underpinned its seriousness on creating a competitive, sustainable and innovation-friendly environment and encouraged private and government entities to invest in key sectors abroad.
The prime minister also said Malaysia was keen to invest in exciting high-value areas such as life sciences, green technology and cutting-edge innovation that could help Malaysia's transformation efforts.
Najib said Malaysia hoped to learn from the United States its remarkable culture of innovation, risk-taking and entrepreneurship to spur Malaysia's own economic growth.
He said he was looking forward to see the innovation that would eminate from this regional office initiative.
He said that over the years, Malaysia's business and economic interests had expanded across the globe and hoped that the Khazanah office would be able to identify potential partners and get the people in innovation in Americas to partner with those in Malaysia.
Najib also said that Iskandar Malaysia in Johor had established itself as a high value innovative centre and its Pinewood Studios, an integrated media production studio facility, are expected to be completed and opened next year.
He said Malaysia had a lot to offer to investors such as big economic growth number of 4-5 per cent a year, its Vision 2020 efforts on track and a low inflation rate of 2 per cent, which was not bad considering the current external factors affecting the world economy.
"With Khazanah Americas, we can further strengthen our presence and build strong networks with businesses here and I hope we can identify potential partners in America to help propel Malaysia into a developed nation status by 2020," he said.
In his welcoming speech, Khazanah Nasional Berhad Managing Director Tan Sri Azman Mokhtar said the opening of the Khazanah Americas Incorporated office would be a hub for Khazanah into innovation and technology as well as a bridge between the two countries and regions.
Najib, who arrived in San Francisco with his wife early Sunday, is on a working visit here until Sept 24, prior to his visit to New York to lead Malaysia's delegation to the 68th session of the United Nations General Assembly (UNGA) from Sept 25 to 29.
He is scheduled to deliver a statement at the High Level Meeting UNGA on Nuclear Disarmament On Sept 26, and Malaysia's statement during the General Debate on Sept 28.
Bernama
Mon Sep 23 2013
Who is Prabowo Subianto, incoming president of Indonesia?
A wealthy ex-general with ties to Indonesia's popular outgoing president and its dictatorial past, looks set to be its next leader.
Iran's supreme leader says Hamas leader's death will not halt 'Axis of Resistance'
The "Axis of Resistance", built up with years of Iranian support, includes Hamas, the Lebanese Hezbollah group, the Houthi movement in Yemen, and various Shi'ite groups in Iraq and Syria.
Putin says Russia willing to seek compromises between Iran and Israel
Russia is ready to help seek compromises between arch-foes Israel and Iran, President Vladimir Putin said on Friday, saying these would be difficult but possible.
What proposals will Russia push at the BRICS summit?
The proposal is also to establish a BRICS reinsurance company to allow uninterrupted shipment of goods and key commodities between members.
Indonesia's free meals plan in the spotlight as Prabowo readies for office
Prabowo calls the programme one of the main drivers of economic growth, eventually set to add an estimated 2.5 million jobs.
Astro AWANI's revamped English news website, AWANI International, launches on Oct 21
Astro AWANI's revamped English platform delivers in-depth global news and expert analysis to keep you informed on key developments.
Israeli strikes kill 33 people in Jabalia refugee camp in Gaza, medics say
Residents of Jabalia said Israeli tanks had reached the heart of the camp after pushing through suburbs and residential districts.
Liam Payne's ex-partner calls for media restraint after 'painful' death
Cheryl Tweedy used her statement to urge the media to remember they had a seven-year-old son, Bear, who could read the reports.
Analysts: Indonesia's strong MoF leadership team to boost investor confidence
Sri Mulyani Indrawati as head of Indonesia's Ministry of Finance is expected to instil confidence among investors.
Biden offers both a carrot and a stick to Israel as his term nears an end
Israel has frequently resisted US advice and has caused political difficulties for the Biden administration.
Putin says BRICS will generate most of global economic growth
Russian President Vladimir Putin will host a summit of the group in the city of Kazan on Oct. 22-24.
ISIS Malaysia's perspective of Budget 2025
An excellent rakyat-centric budget under the overarching principle of a caring and humane economy.
Budget 2025: Record increase in STR, SARA aid initiatives
The government will provide a significant boost to the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA) initiatives next year.
Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar
The government plans to make it compulsory for all non-citizen workers to contribute to the Employees Provident Fund (EPF).
What policies to expect from Indonesia's new President Prabowo
Prabowo will be open to foreign investment, his aide has said, such as by offering investors management of airports and sea ports.
Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS
The Women's Leadership Apprenticeship Program will be intensified as an effort to produce more female corporate personalities.
Israel sends more troops into north Gaza, deepens raid
Residents of Jabalia in northern Gaza said Israeli tanks had reached the heart of the camp, using heavy air and ground fire.
Indonesia ramps up security ahead of Prabowo's inauguration
Prabowo Subianto will be sworn in as Indonesia's president on Sunday with Vice President-elect, Gibran Rakabuming Raka, also taking office.
Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods
Datuk Seri Anwar Ibrahim said this allocation is intended to address the recent flash floods that hit the capital and several major towns.
Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM
Sabah and Sarawak continues to be prioritised under Budget 2025, with allocations of RM6.7 billion and RM5.9 billion respectively.