Joint ventures, tech exchange between local, foreign businesses always welcome, Dr Wee tells China CEOs


PETALING JAYA: Malaysia is continuously upgrading its transport infrastructure while looking forward to more technology transfers when foreign players join ventures with local companies, says Datuk Seri Dr Wee Ka Siong.

The Transport Minister said this while participating in a virtual meeting of Roundtable Dialogue between the Malaysian Government and chief executive officers from China on Saturday (Sept 17).

Held concurrently in Nanning, China, the theme of the dialogue was “Deepening China-Malaysia Economic and Trade Cooperation for Win-Win Development”.

"I shared with the participants the various ongoing projects that are currently taking place to build land bridges that improve connectivity, including the Pan Borneo Highway, Gemas-Johor Bahru Electrified Double Track project, Klang Valley Double Tracking project and East Coast Rail Link (ECRL) as well as the LRT3, MRT2 and MRT3 projects.

"With the reopening of international borders and economic sectors, we encourage foreign players to form joint ventures with local companies that allow technology transfer," said Dr Wee.

He said that he informed the participants of the roundtable that the Kuantan Port Authority expects joint ventures from companies from China to use Kuantan Port as their main trade route, especially when the ECRL project starts operating in 2027.

"From Kuantan Port, all these trades can be taken to the rest of Peninsular Malaysia by train. Transhipment cargo can also be sent to other ports in Malaysia using trains before continuing the journey by ship to the destination countries," said Dr Wee.

Other participants of the dialogue were International Trade and Industry Deputy Minister Senator Datuk Lim Ban Hong, Malaysian ambassador to the People’s Republic of China Raja Datuk Nushirwan Zainal Abidin, governor of Guangxi Zhuang Autonomous Region Lan Tianli and vice-chairman of China Council for the Promotion of International Trade Zhang Shaogang.

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