Saudi King's visit had profound impact on M'sia: PM


KUALA LUMPUR: Saudi Arabia's King Salman Abdulaziz Al-Saud's visit to Malaysia last month has hugely impacted the country.

Prime Minister Datuk Seri Najib Razak said this is most notable in the building of closer strategic relations, the strengthening of beneficial economic ties, and a more meaningful ummah bond.

"In terms of the economy, a total of seven memoranda of understanding (MoUs) between the Malaysian and Saudi Arabian private sector were inked, involving commercial potential and cross-border investments valued at RM9.75 billion.

"The agreements involved sectors such as energy, health, construction, education, small and medium industries (SMEs) and the halal industry.

"The highlight of the visit was the equity investment involving Petronas and Saudi Aramco, in particular, the latter's participation in the Rapid Petronas project in Pengerang. The investment, totalling RM31 billion, is the largest made by a Saudi Arabian company in Malaysia," he said in the Dewan Rakyat today.

Najib was responding to a question by Datuk Dr Shamsul Anuar Nasarah (BN-Lenggong) on the impact and importance of King Salman's visit to Malaysia recently.

Najib said during the visit, King Salman had expressed his full support for the setting up of the King Salman Centre for Global Peace here.

"For this purpose, cooperation in defence continues to be strengthened, specifically in efforts to tackle violence and extremist ideology, to ensure it does not spread and is curtailed in both countries," he said.

Najib added that King Salman's visit was historic and showed his full confidence in Malaysia's political and economic stability, placing bilateral ties between both countries at the best and highest level ever.