KUALA LUMPUR (Jan 24): Malaysia and Qatar are exploring the possibility of collaboration on Malaysia’s third national car project, said the Ministry of International Trade and Industry (MITI).
This is to leverage Qatar’s investments in Volkswagen and Audi.
MITI said its minister, Datuk Darell Leiking, has recently discussed the collaboration possiblity during a bilateral meeting with Qatar’s Commerce and Industry Minister Ali Ahmed Al-Kuwari and Qatar Investment Authority chief executive officer Mansoor Ebrahim al-Mahmoud in Davos.
The meeting was a follow-up to the recent visit by the Emir of Qatar Sheikh Tamim Hamad Al-Thani to Malaysia on Dec 6, 2018.
Qatar has welcomed the idea and reiterated on the need to deliberate the details of the joint manufacturing project, MITI said in a statement today,
Leiking highlighted that Qatar could look at the possibility of collaborating in other parts of Malaysia’s automotive sector such as investment in automotive components or production of electric cars.
The minister also informed Qatar on the recent launch of the latest Proton model X70 and Perodua Aruz.
In addition, Qatar took the opportunity to update Malaysia on its current investment reforms, including the relaxation of foreign investment ownership, of which 100% foreign ownership is now allowed in various sectors in Qatar.
Qatar also expressed hope that more Malaysian companies would invest in the peninsular Arab country.
To this effect, the Second Malaysia-Qatar Joint Trade Committee Meeting is scheduled to be held on March 28-29, 2019.
Considering the good relationship between Malaysia and Qatar, Leiking has expressed the possibility of nominating Qatar as a dialogue partner in ASEAN.
Qatar can be seen as a gateway to the Middle Eastern market, while Malaysia as a springboard to the ASEAN market.