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Wednesday 02 Mar 2016 - 11:27 Makkah mean time-22-5-1437
Malaysia's PM Najib Razak on working visit to Saudi Arabia
Jeddah (IINA) – Malaysian Prime Minister Najib Razak said Malaysia is on the lookout for more business and investment opportunities in Saudi Arabia that could help spur the Southeast Asian country's economic growth, BERNAMA reported.
Najib noted that Malaysia had developed its own strength in fields such as airport management, healthcare, power production and public housing, among others, that could be of benefit to Saudi Arabia and other countries.
"We need to go out and explore new opportunities that could boost our economic growth,” he told Malaysian media after delivering his keynote address at the Jeddah Economic Forum (JEF) 2016 here on Tuesday.
"With slumping oil prices, we must introduce more diversification in our economic strategies," he added.
Referring to the JEF, the prime minister, who is on a working visit to Saudi Arabia, said it was important for Malaysia to be involved in such events as they could elevate Malaysia's profile in terms of its capability to handle or operate major projects or facilities.
The Jeddah Economic Forum has been held annually since 1999 and has, in that time, become the Middle East's leading strategic forum focusing on regional and international economic and social issues.
AB/IINA
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