Anwar Says Geely to Invest $10B in Malaysia Auto Hub, Bernama Reports
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Chinese automaker Zhejiang Geely Holding Group Co. said it plans to confirm the specific size of its investment in Malaysia at a later date, after Prime Minister Anwar Ibrahim touted a $10 billion boost from the Chinese auto giant on Tuesday.
The company conveyed the information about investing in the Malaysian town of Tanjung Malim to him in a letter, Anwar said at an event in the Selangor state, according to a report by the state new agency Bernama. The investment would create thousands of job opportunities for locals, he said.