Obama and Najib witness inking of three MoUs

Big partnerships: Najib and Obama watching Sime Darby Berhad president and CEO Tan Sri Mohd Bakke Salleh greet Verdezyne president and CEO Bill Radany during the MoU signing ceremonies.

KUALA LUMPUR: US President Barack Obama and Prime Minister Datuk Seri Najib Tun Razak witnessed the signing of several commercial deals between Malaysian and American companies worth US$2bil (Rm6.45bil) in the aviation, biotechnology and insurance sectors.

The first memorandum of understanding inked at a hotel here yesterday was for a US$1.5bil deal between GE Aviation and AirAsia X Bhd for 80E1 engines to power AirAsia X’s 25 new Airbus A330-300 aircraft.