More investment opportunities for M'sian companies

More investment opportunities for M'sian companies
PHOTO: More investment opportunities for M'sian companies

DAR ES SALAAM, Tanzania: Algeria has offered Petronas to make a bid to team up with oil exploring firms in the country while Malaysian corporation are in negotiations with the Tanzanian authorities to build highways and specialist hospitals

Datuk Seri Najib Razak said UEM Group Bhd was seeking to build a tolled highway that would connect the city with surrounding regions.

"The Dar es Salaam port is a strategic outlet for nations such as Rwanda, Burundi and Zambia. The current roads are congested and so the new highway is very important," the prime minister said.

Malaysia may also get involved in the healthcare sector in Tanzania.

"Khazanah (Nasional Bhd), which owns the second biggest healthcare provider in the world, may explore the possibility of building a specialist hospital in Dar es Salaam that can even meet the needs of the people in surrounding nations as well," he told Malaysian newsmen at the Julius Nyerere International Convention Center here today.

Najib is in Tanzania for the Global Smart Partnership Dialogue 2013, which began on Friday and ends today.

The biannual event brings together presidents, prime ministers, civil servants and leading representatives from labour, academia and business.

He earlier held a bilateral meeting with Tanzanian President Jakaya Mrisho Kikwete at the convention centre.

The president expressed his appreciation to Malaysia for helping Tanzania chart an agenda for change, Najib said.

The measures that Tanzania is adopting, with a great deal of input from Minister in the Prime Minister's Department Datuk Seri Idris Jala, are based on Malaysia's very own government transformation and economic transformation programmes.

Najib also held talks with Ugandan President Yoweri Museveni yesterday.

The landlocked east African country has asked for Malaysia's help to add value to its economic products. For example, it earns very little revenue from coffee beans which it exports to Europe.

"Museveni hopes companies from Malaysia can enter into smart partnerships to build coffee processing facilities in Uganda and to help the country earn much more.

"He is also keen on our companies taking a role in energy production in Uganda," said Najib.

On Saturday, Najib met with Algerian Prime Minister Abdelmalek Sellal.

"Algeria wants to deepen ties with Malaysia. A potential sector for collaboration is oil exploration. The Algerian government is inviting Petronas to make a bid to team up with oil exploring firms in the country."

Najib later left the Tanzanian city for London.

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