Malaysia is expected to attract potential investments worth RM11 billion and possible exports of RM500 million following Prime Minister Datuk Seri Anwar Ibrahim's recent visit to the United Kingdom (UK).
Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz shared that the investments are expected to cover key industries such as renewable energy, digital economy, automotive, banking, property and petrochemicals.
In addition, Malaysia is also eyeing opportunities to expand its exports to the UK, focusing on products such as aircraft equipment and parts, furniture and food and beverages.
For 2024, trade between Malaysia and the UK reached RM15.3 billion as of November.
Malaysia's exports were worth RM7.83 billion, while imports amounted to RM7.47 billion.
The UK remains Malaysia's top trading partner, ranking fourth in Europe.
As of September 2024, UK companies have invested in 486 manufacturing projects in Malaysia, totaling RM12.49 billion and creating 41,630 job opportunities.
