KUALA LUMPUR (March 11): Prime Minister Tan Sri Muhyiddin Yassin's recent visit to Saudi Arabia is set to open up further avenues in boosting bilateral ties on all fronts, especially in the trade and economic sphere between the two countries.
Saudi's Investment Minister Khalid al-Falih pointed out the many achievements so far, with Saudi being one of the largest trading partners for Malaysia and one of the 20 countries from the Middle East with large investments in Malaysia.
Khalid pointed out the kingdom had two investment projects under establishment in Johor worth 64 billion riyals (one riyal = RM1.09) and 44 other projects in Malaysia worth more than 1.038 billion riyals, while Malaysia in turn had invested in 38 projects in Saudi with a total value of 1.59 billion riyals.