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| Najib Razak and Stephen Harper |
National oil giant Petronas will invest $36 billion to set up a liquefied natural gas plant in Canada, Malaysian Prime Minister Datuk Seri Najib Razak announced Sunday as he stood with Prime Minister Harper at a news conference. This will make Malaysia the largest foreign direct investor in Canada, Najib told reporters after receiving a courtesy call at his office in Putrajaya from Harper. “Malaysia is confident in the policies of the Canadian government and sees a wealth of opportunities in opening up the country’s energy industry to new markets,” said Najib. “There is a 30-year timeline for the CAD$36 billion investment and Petronas is very positive about taking this decision. We have a high level of confidence about Canada. “Malaysia strongly believes that this decision will not only be supported by the present Canadian government but future ones as well,” he added. Najib said Canadian companies in Malaysia also shared the same confidence about doing business here as well as about government policies. Echoing Najib, Harper said feedback he received from Canadian companies in Malaysia, such as Scotiabank and Manulife Financial Corporation, was very positive.
