SEKINCHAN: Chinese automobile manufacturer Geely will invest US$10 billion to turn Tanjung Malim, Perak, into the region’s largest auto city. (US$1=RM4.54)
Prime Minister Datuk Seri Anwar Ibrahim said the aspiration, conveyed by the company in a letter to him last night, would create thousands of job opportunities for Malaysians.
"I am mentioning this for the first time. Geely, which is jointly producing cars with Proton, has written a 10-page letter to me to inform that it wants to continue to make Tanjung Malim the largest auto city in the region. It will kick off with US$10 billion or RM40 billion in investment,” he said in his speech at the Selangor state-level Sentuhan Agro Madani programme here today.
"All this is not for getting commission or gift, but to ensure the growth of our economy and thousands of our young people will secure jobs,” he said. - Bernama
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