Malaysia seeks stronger Egyptian backing for Petronas, Proton expansion
MALAYSIA wants stronger support from Egypt to expand the operations of national oil company Petronas and carmaker Proton in the North African country, as both governments seek to deepen economic and strategic cooperation. Prime Minister Datuk Seri An...
Malaysian leaders are pushing Egypt to provide greater support for Petronas and Proton in the North African nation, as both countries aim to bolster economic and strategic ties. During bilateral talks, Prime Minister Anwar Ibrahim sought Cairo's assistance in facilitating the expansion of Malaysian companies in Egypt, while also exploring a comprehensive strategic partnership encompassing trade, defense, education, healthcare, agriculture, tourism, air connectivity, and women's empowerment.
The discussions between Prime Minister Anwar and Egyptian President El-Sisi led to four memoranda of understanding (MoUs) covering investment, higher education, tourism, and women's empowerment sectors. An MoU on women's empowerment was signed by Women, Family, and Community Development Minister Nancy Shukri and Egyptian Foreign Affairs Minister Dr Badr Ahmed Mohamed Abdelatty.
A higher education agreement was exchanged by Higher Education Minister Dr Zambry Abd Kadir and Abdelatty, who also participated in the tourism MoU alongside Tourism, Arts, and Culture Minister Tiong King Sing. The investment cooperation agreement involved the Malaysian Investment Development Authority (MIDA) and Egypt's General Authority for Investment and Free Zones, signed by Investment, Trade, and Industry Minister Johari Abdul Ghani and Egyptian Investment and Foreign Trade Minister Dr Mohamed Farid Saleh.
Anwar also praised Egypt's long-standing contributions to Malaysian education, particularly through Al-Azhar University, which has nurtured generations of Malaysian scholars through education, scholarships, and teaching services. He further appreciated the visits of Sheikh Prof Ali Jum'ah and Sheikh Dr Usamah Sayyid Al-Azhari, highlighting their impact on discussions surrounding Islamic teachings and the wasatiyyah approach.
Both leaders expressed their hope that their longstanding friendship would continue to grow and benefit the welfare and prosperity of both nations. El-Sisi concluded his two-day state visit from Malaysia on Saturday, leaving from the Bunga Raya Complex at Kuala Lumpur International Airport, where he was bid farewell by Anwar and Defence Minister Mohamed Khaled Nordin.
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