Economy >> Malay Mail

DRB-HICOM to develop RM32b Automotive High-Technology Valley in Perak, says PM

Link [2022-03-19 14:36:02]

Prime Minister Datuk Seri Ismail Sabri Yaakob delivers a speech at the 2021 Umno General Assembly at World Trade Centre Kuala Lumpur March 19, 2022. — Picture by Hari Anggara

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KUALA LUMPUR, March 19 — The government has announced a new investment of RM32 billion from DRB-Hicom Bhd to develop the Automotive High-Technology Valley in Proton City, Tanjung Malim, Perak.

Prime Minister Datuk Seri Ismail Sabri Yaakob said the investment from DRB-Hicom would create 370,000 jobs during the development phase and 161,000 during the operational phase.

He said the performance of government-linked companies and government-linked investment companies was improving for 2021.

“For example, Petronas recorded a profit of RM48.6 billion (in 2021) against a loss of RM1.137 billion in 2020.

“The Employees Provident Fund distributed a 6.1 per cent dividend while Lembaga Tabung Angkatan Tentera 4.1 per cent. These two dividends are the highest since 2018,” he said at the winding-up session of the Umno vice-presidents at the Umno 2021 General Assembly here today. — Bernama