Anwar discusses possible Malaysian collaboration with Saudi investment fund governor

KUALA LUMPUR: Prime Minister Anwar Ibrahim recently spoke with Yasir Othman Al-Rumayyan, the governor of Saudi Arabia's Public Investment Fund (PIF), to explore potential economic collaboration between Malaysia and Saudi Arabia. PIF is a significant sovereign wealth fund, managing assets worth over US$900 billion. The governor's visit to Malaysia comes as part of Saudi Arabia's Vision 2030, an ambitious plan to diversify the nation's economy.

During their meeting, Anwar expressed interest in enhancing economic ties between the two nations, particularly in sectors such as construction, infrastructure, facilities management, energy, and halal economy. He also mentioned that PIF's wholly-owned company, RUA AlHaram AlMakki, is considering collaborating with Malaysian Resources Corporation Bhd (MRCB) on a transit-oriented development project in Makkah.

This proposed cooperation reflects investors' faith in Malaysia's capabilities and offers new prospects for both countries' businesses and skilled workforce.

Anwar expressed his hope that more Malaysian companies can join the Saudi Arabian market, forge stronger partnerships, and collaborate on projects that benefit both nations.