Phnom Penh (FN), Sept. 2 – Malaysian Prime Minister Mahathir Mohamad stated that Foreign Direct Investment (FDI) brings huge benefits to the country’s economy, speaking Monday at the dialogue on “Balancing Relations with the Superpowers in the Context of ASEAN”, held at the Royal University of Phnom Penh, attended by diplomats, government officials, and approximately 700 university students.
“FDI brings in capital, jobs, skills in operating business, and boosts exports which are good for the economy,” Dr. Mahathir Mohamad stated, adding that: “Malaysia welcomes every country’s FDI into the nation and we do not let any country dominate the FDI sector.”
“FDI allows not us to be too dependent with our trade partners,” he continued.
Dr. Mahathir Mohamad concluded that FDI is good with control and never let any country dominate FDI.
It is worth noting that Dr. Mahathir Mohamad and spouse landed Cambodia on Tuesday 9:40 a.m for an official visit to the Kingdom of Cambodia from 2-4 September 2019, at the invitation of Prime Minister Hun Sen of the Kingdom of Cambodia.
The official visit of Dr. Mahathir Mohamad to Cambodia will significantly contribute to further strengthening and deepening the excellent bonds of friendship and close cooperation between Cambodia and Malaysia in bilateral, regional and international frameworks.