French firms invest almost $1 billion in Malaysia

French companies plan to invest nearly $947 million in Malaysia, boosting sectors like high-tech manufacturing and renewable energy. This investment follows a trade delegation meeting led by Malaysian Prime Minister Anwar Ibrahim. The Malaysian Ministry of Investment, Trade and Industry announced the planned investment of 4 billion ringgit. The investment will focus on high-tech manufacturing, aerospace, renewable energy, tourism, digital economy, and sustainable infrastructure. Malaysia anticipates potential exports of 675 million ringgit in aerospace, automotive, renewable energy, pharmaceuticals, digital economy, lifestyle, and halal industries. Prime Minister Ibrahim is now in Rio de Janeiro for the BRICS summit.