PM : US companies to invest billions in Malaysia

NEW YORK: Several multinational American companies will invest between US$5bil (RM15.1bil) and US$6bil (RM18.14bil) in Malaysia over the next two to three years, said Prime Minister Datuk Seri Najib Tun Razak.He said the investments would flow into the advanced electronic, renewable energy, oil and gas, information and communication technology, health care equipment, pharmaceutical and services sectors.In fact, he said Motorola, which has been operating in Malaysia for the past 37 years with about 7,000 employees, would invest about RM4bil to set a Global Excellence Centre at its Pulau Pinang plant to provide service support for customers throughout the Asia Pacific.“This is a big achievement ... they are satisfied with the cooperation given by the Federal Government. They are now involved in the technical system for the Royal Malaysian Police,” he told Malaysian journalists on the second day of his visit to New York.Najib expressed satisfaction at the response and commitment shown by several industry captains and fund managers, who are attending the two-day “Invest Malaysia New York 2011” here, to invest in Malaysia.