Najib’s trip will also take him to Sochi, Russia, for a Russian-Asean commemorative summit from May 19-20.
In London, he will also conduct the topping-out ceremony for the Legacy 1 property development at Embassy Gardens, the site of a new diplomatic enclave in London. The building is a project by Malaysian-owned EcoWorld International.
Malaysia is the second largest investor in London’s commercial property market after the United States.
Najib will also launch Khazanah Europe Investment Ltd at The Shard, the Malaysian High Commissioner to the UK, Ahmad Rasidi Haziz, told Bernama. “His presence here will have a huge impact and boost Malaysia’s investments and trade as well as the long-standing relations with the UK,” he said.
Najib is also scheduled to meet the new Commonwealth Secretary-General, Patricia Scotland, before the start of the Investor Showcase, which Ahmad Rasidi said would be a testament of the important role that Malaysia had played in the Commonwealth.
The Malaysia-UK Investor Showcase Agenda is jointly organised by the Malaysian Investment Development Authority and the Commonwealth Enterprise and Investment Council. Najib is expected to deliver a keynote address on Opportunities for UK Business.
Ahmad Rasidi said Najib would then proceed to the topping out ceremony of Legacy 1, a project by Malaysian property developer, Eco World International, and attend a dinner hosted by Lord Mountevans, the Lord Mayor of the City of London.
On May 17, he will chair the 6th GSIAC annual meeting which will start off with the GSIAC-Khazanah Distinguished Lecture Series on “Global Competitiveness – Malaysia’s Aspiration”.
A key focus of the council’s spring discussions this year will be how to foster the wellbeing of Malaysians in the new world economy, characterised by new forms of industry and jobs.
Another highlight of the day, will be the launch of Khazanah Europe Investment Ltd and its regional office in London, which will act as a bridge to strengthen collaboration between Malaysia and European
countries.
Ahmad Rasidi said the UK remained one of Malaysia’s major investors, ranking third in Europe after Germany and the Netherlands in terms of realised manufacturing projects.
A total of 427 projects were implemented, up to June 2015, with RM6.8 billion in investments which created 35,518 jobs.
Main investments by British companies in Malaysia were in the chemical and chemical products, petroleum products (including petrochemicals), electronics and electrical products, rubber products and plastic product industries.
Malaysian investment in the Battersea power station is indicative of Malaysia’s growing influence internationally and as a regional force, he added.
The prime minister is expected to depart for Sochi, Russia on May 18.
– BERNAMA