MAHATHIR’S THIRD NATIONAL CAR: MALAYSIA LOOKS TO QATAR FOR MONEY

FEDERAL Territories Minister Khalid Abdul Samad today clarified that it was the Qatar state and not individuals in the Gulf nation that had the potential to invest in the third Malaysian car project.

He said Qatar had US$400 billion (RM1.6 trillion) to spare for investments worldwide, including in Malaysia.

“Now it is up to us to attract investments or funds so that the people of Qatar or its government will invest in Malaysia. Among the projects proposed to receive the investment is the third national car project,”he told reporters at the Parliament lobby today.

Khalid said in order to attract foreign investors, Malaysia must show that the country had attractive projects, and that the high technology automotive sector was the industry of choice for i nvestment.

He said the third national car project mooted by Prime Minister Tun Dr Mahathir Mohamad must be a private sector initiative and hence investors, including from Qatar, were welcome to invest.

– Bernama

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