UAE to increase five times the amount of investments in Malaysia

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KUALA LUMPUR MAR.11: Prime Minister Tan Sri Muhyiddin Yassin’s first official visit to the United Arab Emirates (UAE) could be considered successful as UAE’s government has made a commitment to increase five times the amount of investments in Malaysia in the near future.

Prime Minister Muhyiddin said, in the bilateral economic relationship between both countries, UAE has agreed to help Malaysia in the education sector.

Elaborating on this, Muhyiddin said, UAE has agreed to help facilitate the school children with the necessities in line with the online education and digital technology.

“I told them that we had difficulty in equipping six million school children with digital equipments to carry out “study from home” policy.

“The assistance that UAE government is giving to Malaysia will fulfil the Ministry of Education’s aspiration in helping the school children to study online in line with the new digital era,” said Muhyiddin on RTM news, broadcasted today on his two day visit to UAE.

Muhyiddin’s visit to the UAE has also brought a fruitful result as the country had also made a commitment to increase the import of palm oil from Malaysia and also agreed on securing food security policy together. The agreements were made via Memorandum of Understanding (MOU) between the two countries and also with the cooperation of OIC.

UAE had also expressed their appreciation on Malaysia’s successful effort in helping the Small and Medium Entrepreneurs (SME’s) to convene business again after having hit badly by the COVID-19 pandemic.

On this success, UAE had interest to share the experiences and the mechanisms applied by Malaysia to help the affected sectors to bounce back after the pandemic.

 Malaysia and UAE had also agreed to establish the Sheikh Zayed bin Sultan Al-Nahyan Chair at the Institute of Strategic and International Studies Malaysia (ISIS). The chair is set to promote greater understanding and contact between the two countries while promoting the ideals of good governance, environment responsibility and interfaith tolerance, espoused by the late Sheikh Zayed bin Sultan Al Nahyan-Malaysia World News


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