Malaysia is choice destination for investors

The continuing foreign investments enjoyed by Malaysia is reflective of the country's continued attractiveness as a choice destination for investments in the Asian region.

Federal Territories and Urban Wellbeing Minister, Datuk Raja Nong Chik Raja Zainal Abidin, said the positive scenario of foreign investments also proved that the government's initiatives through the National Key Economic Areas to drive the country's economic transformation had brought in the results to the point of attracting more foreign investors.

"For example, the entry of an investor from Qatar, who is not only a major investor in Malaysia but has investments worldwide such as in London, is also a good sign for our country.

"The entry of the foreign investor from Qatar, who is among the largest investors in the world, will also serve as an advertisement for us and attract other investors towards the country," he told reporters after a groundbreaking ceremony for the upcoming Harrods Hotel here today.

The hotel, the first such hotel in Asia, is a joint investment project between Qatar Holding LLC, which owns the world famous Harrods brand, and property developer Jerantas Sdn Bhd.

It will be built at the junction where Jalan Raja Chulan and Jalan Conlay meet at the Golden Triangle of Kuala Lumpur.

Qatar Holding is a wholly owned subsidiary of Qatar Investment Authority.

Among its investments include Agriculture Bank of China, Harrods Group, Hassad Food Company, Iberdola SA, J Sainsbury plc, London Stock Exchange, Lagardere, Porsche, Qatar Exchange, Qatar Telecom, Qatar National Bank, Santander Brasil and Volkswagen AG.

Also present at today's event were Deputy Chairman of Qatar Holding, Dr Hussain Ali Al-Abdulla and the Corporate Representative of Jerantas Sdn Bhd, Tan Sri Abdul Aziz Ismail.