TIANJIN (China): Leading Chinese conglomerate Rianlon Corporation has expressed its commitment to invest RM820 million to develop a research and development (R&D) centre in Johor.
Prime Minister Datuk Seri Anwar Ibrahim said the company expressed its commitment during a meeting with its chairman and chief executive officer Li Haiping and chief technology officer Sun Chunguang.
He said the investment, which also involves the development of a factory, is expected to create highly skilled job opportunities for the people.
Rianlon Corp, headquartered in Tianjin, is a global leader in anti-ageing additives for polymers and cosmetics.
Besides Rianlon Corp, Anwar, who is also the Finance Minister, also met with China Communications Construction Company Ltd (CCCC), the largest global infrastructure services provider.
Also present at the meeting were CCCC chairman Song Hailiang and CCCC vice-president Chen Zhong.
"Together with CCCC, I am looking at the development of the East Coast Rail Link (ECRL) project, which is now a symbol of Malaysia-China friendship under the Belt and Road Initiative (BRI).
"God willing, ECRL will bridge the regional development gap and bring economic benefits to the local community,” he said when met after a meeting with the two conglomerates here today.
He also stressed the MADANI government's commitment will continue to boost investments, empower the high-tech (technology) sector and strengthen Malaysia-China economic ties, which are rooted in a long history, thus opening up a brighter future for the people.
The Prime Minister is currently on a four-day working visit since yesterday to attend the Shanghai Cooperation Organisation (SCO) Summit 2025, where he has been invited by Chinese President Xi Jinping, as current chair, to deliver remarks at the SCO Plus Summit this evening. - Bernama
