Categories
-Top News Asia News India News

India-Malaysia joint military exercise to begin in Kuala Lumpur  

The joint military exercise between India and Malaysia, Harimau Shakti 2024, is scheduled to take place from December 2 to December 15 at the Bentong Camp in the Malaysian capital, Kuala Lumpur, the Additional Directorate General of Public Information (ADGPI) of the Indian Army stated on Saturday. 

The Army, via an official statement on X, stated that the exercise is expected to enhance interoperability between the Indian Army and the Malaysian Army in conducting sub-conventional operations under the United Nations mandate. 

This year, the bilateral military exercise is themed around the motto, *”Two nations, one mission: Ensuring global peace.”* 

“The joint military Exercise Harimau Shakti between India and Malaysia, is scheduled to be held at the Bentong Camp, Kuala Lumpur, Malaysia, from 02 December – 15 December 2024. The objective of Exercise Harimau Shakti is to further strengthen interoperability between the Indian Army and the Malaysian Army in conducting sub-conventional operations under the UN mandate,” the ADGPI’s post read, 

In 2023, the joint bilateral training exercise took place in India at Meghalaya’s Umroi Cantonment. The Malaysian Army contingent consisted of troops from the 5th Royal Battalion of the Malaysian Army, while the Indian contingent was represented by a battalion of the Rajput Regiment. 

“Exercise Harimau Shakti” aims to improve defence cooperation between the Indian Army and the Malaysian Army and foster stronger bilateral relations between the two nations. 

Meanwhile, the 13th edition of the bilateral joint military exercise Agni Warrior 2024, between the Indian Army and the Singapore Armed Forces, concluded at Field Firing Ranges, Devlali, in Maharashtra on Saturday. 

The three-day exercise involved participation from the Singapore Armed Forces contingent, which included 182 personnel from the Singapore Artillery, and the Indian Army contingent, with 114 personnel from the Regiment of Artillery. 

The exercise aimed to maximise mutual understanding of drills and procedures to achieve jointness as a multinational force under the United Nations Charter. The exercise showcased joint firepower planning, execution, and the use of new-generation equipment by the artillery of both armies. 

The event was by Lieutenant General Adosh Kumar, Director General of Artillery; Lieutenant General NS Sarna, Commandant, School of Artillery; and Colonel Ong Chiou Perng, Chief Artillery Officer, Singapore Armed Forces. (ANI) 

ALSO READ: India ties changed after Aug 5, says Bangladesh foreign advisor 

Categories
-Top News UK News

UK envoy to Malaysia Terry to join Starmer’s office

The envoy has expressed her honour to serve in the Prime Minister’s Office, the press release stated. She also highlighted her mission’s accomplishments in strengthening the UK-Malaysia partnership in areas of trade, technology, education, climate, defence, and security…reports Asian Lite News

United Kingdom’s envoy to Malaysia, Ailsa Terry will join PM Keir Starmer’s office as the Prime Minister’s Private Secretary for Foreign Affairs, a press release stated.

Terry will be entrusted to advise Prime Minister Sir Keir Starmer on foreign policy issues. She will work closely with the UK’s Foreign Commonwealth & Development Office in London.

The envoy has expressed her honour to serve in the Prime Minister’s Office, the press release stated. She also highlighted her mission’s accomplishments in strengthening the UK-Malaysia partnership in areas of trade, technology, education, climate, defence, and security.

She moves on from her role as British High Commissioner to Malaysia within a year of taking office. David Wallace, the Deputy High Commissioner to Malaysia, will take over as Chargé d’Affaires from 29 August.

On her move, Terry says, “This is a huge privilege. Prime Minister Keir Starmer has set out ambitious plans for the country. I am honoured to be given this opportunity to serve in the Prime Minister’s Office. Since I started as the British High Commissioner to Malaysia in August 2023, my team here and I have accomplished so much in strengthening the UK-Malaysia’s partnership in the areas of trade, technology, education, climate, defence and security. I have visited many states and my family and I have also made so many friends around Malaysia. We will miss the people, sights and sound, smell and flavours of Malaysia.”

From August 29, David Wallace, who has been the deputy high commissioner since 2022, will take over as chargé d’affaires.

She said in her 12 months in Malaysia, her team had accomplished much in strengthening the UK’s partnership with Malaysia in the areas of trade, technology, education, climate, defence and security.

During a recent row over medical specialists, Terry said the British General Medical Council recognised all qualifications from the royal colleges in the UK, confirming that Malaysian parallel pathway cardiothoracic specialists can apply for registration as specialists. She was also appointed patron of the regional board of the Chartered Management Institute.

ALSO READ-Musk echoes far-right attack on Starmer

Categories
-Top News Asia News India News

Malaysia asks India to ease export curbs

Malaysia requests that India maintain the export window for essential commodities such as rice, sugar, and onions, even amid an overall export ban…reports Asian Lite News

Malaysia would like India to keep the window of exports to the country open for essential commodities like rice, sugar and onions even if there is an overall ban on them, its minister for plantation and commodities Datuk Seri Johari Bin Abdul Ghani said on Thursday.

“Sugar, onions and basmati rice, we are in need of all. Our domestic rice production meets just 65 per cent of our requirement, while demand for basmati rice is rising and India can allocate some quantities for Malaysia even if there is an overall ban,” Ghani told reporters.

The minister, who also met Union Agriculture Minister Shivraj Singh Chouhan, expressed his country’s desire to share expertise, seeds and technology to make India’s National Mission on Edible Oils-Oil Palm (NMEO-OP) a success.

Under NMEO-OP, the Centre has targeted to domestically produce around 2.8-3.0 million tonnes of palm oil by 2032-33. This will help in bringing down import reliance by that much amount.

Ghani said oil palm estates, which are minimum 8,000-10,000 hectares in size, are needed to get best results from high-yielding and low-gestation seeds.

Indonesia along with Malaysia is the biggest supplier of palm oil to India annually. On average India imports around 9.5-10 million tonnes of palm oil for domestic consumption, of which Malaysia contributes around 3 million tonnes. The rest comes from Indonesia.

Ghani said Malaysia will continue to supply palm oil to India as almost 80 per cent of its domestic production of around 18-19 million tonnes is surplus.

“We can have special arrangements under which Malaysian companies can invest in India’s palm oil mission,” Ghani said. He also addressed the annual conference of Indian Vegetable Oil Producers Association (IVPA) earlier in the day.

India, the world’s biggest exporter of rice and onions, and the second biggest exporter of sugar, imposed curbs on exports of these commodities in 2023 to keep local prices in check ahead of the general elections held in April-May 2024. Of late, there has been some rethink on the export ban on some commodities, including rice.

Ghani, meanwhile, also said that all the palm oil that is being exported to India from Malaysia now is being produced through sustainable sources.

“The reality is palm oil is a highly efficient oil. This is because while one gets 0.5 tonnes of oil from one hectare of soybeans, and 0.8-0.9 tonnes of oil from one hectare of rapeseed or sunflower seed, one can get as much as 3.3 tonnes of oil from one hectare of oil palm,” Ghani said.

On the complaints of Indian labourers being exploited in Malaysian palm plantations, Ghani said one of the main requirements under the new regulations is that plantations have to produce palm oil with strict adherence to labour laws as per ILO. Companies have been barred from exporting for violating the orders, he added.

In Malaysia, palm oil is produced in around 5.7 million hectares, of which almost 4.2 million hectares is managed by large companies.

ALSO READ: Lockheed Martin CEO calls on PM Modi in New Delhi

Categories
-Top News Asia News UAE News

Malaysia, UAE seek deeper trade, investment ties

Dr. Al Zeyoudi Zafrul Aziz, Malaysia’s Investment Minister reviewed the progress of negotiations towards a Comprehensive Economic Partnership Agreement…reports Asian Lite News

Malaysian Prime Minister Anwar Ibrahim received UAE’s Minister of State for Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi, on a visit to the country designed to deepen trade and investment ties between the United Arab Emirates and Malaysia.

Dr. Al Zeyoudi also held talks with Zafrul Aziz, Malaysia’s Minister of Investment, Trade and Industry, in which they discussed collaboration in high-growth sectors such as technology, manufacturing, and services, and reviewed the progress of negotiations towards a Comprehensive Economic Partnership Agreement.

The visit reflects the strengthening ties between the UAE and Malaysia. In 2023, the two counties shared non-oil trade worth US$4.7 billion dollars, maintaining the record-setting levels achieved in 2022.

Al Zeyoudi stated, “Malaysia is a highly valued and long-standing trade and investment partner for the UAE, and this visit underlines the importance of face-to-face meetings as we seek to elevate our relationship. Our nations both recognise the developmental importance of open, rules-based trade and are committed to ensuring our private sectors are able to maximise the opportunities available in each other’s economies.

“We see considerable potential for greater trade and investment flows, particularly in high-growth sectors such as energy, logistics, manufacturing and financial services, and believe we can collaborate to further develop the Halal economy. We look forward to making progress on our CEPA negotiations and securing long-term, sustainable prosperity for both our nations.”

Echoing these sentiments, Zafrul Aziz stated, “The UAE is an important partner for Malaysia in the Middle East with whom we share a mutual commitment to enhancing trade and investment through open and fair-trade practices. This meeting is a testament to our joint efforts to build a more robust economic relationship that will benefit both our countries and regions.”

Al Zeyoudi, who was accompanied by a UAE delegation that included senior officials and representatives from the private sector, then attended a business roundtable, in which he underlined the potential for collaboration, particularly in the field of energy, the automotive sector and the Halal economy. This was followed by a networking meeting between business leaders from both countries, which sought to exchange experiences and discuss potential opportunities.

The UAE has been strengthening its ties with the ASEAN bloc in recent years. They have now signed Comprehensive Economic Partnership Agreements with Indonesia (July, 2022) and Cambodia (June, 2023), both of which are now in operation and helping to accelerate bilateral trade.

ALSO READ:

Categories
-Top News Arab News Asia News

Malaysia Lauds Qatar Role in Gaza Talks

Prime Minister of Malaysia said that the State of Qatar deals well with mediation efforts and holding talks…reports Asian Lite News

Malaysian Prime Minister Dr. Anwar Ibrahim voiced country’s appreciation for the mediation efforts of Qatar and other partners to stop the war in Gaza and promote peace in the region.

In a panel discussion during the Qatar Economic Forum, Powered by Bloomberg, which kicked off earlier on Tuesday, HE the Prime Minister of Malaysia said that the State of Qatar deals well with mediation efforts and holding talks, adding that he appreciates these efforts and respects the efforts of the Arab League and all partners.

He urged everyone to engage in efforts to stop the war and the ongoing aggression against women and children in the Gaza Strip and to work to stop the displacement of the Palestinian people, stressing the need for everyone to prepare and respond to the efforts being made for stability and peace in the Middle East region.

His Excellency voiced his solidarity with the Palestinian people, saying in this context that he supports the Palestinian people as the talk is about the idea of colonialism and the occupation of others’ lands. He stressed Malaysia’s keenness to establish strong relations with the State of Qatar, the GCC countries, and all Arab and Islamic countries, and to support them in their stances and duty to alleviate the suffering of those affected by wars.

HE Prime Minister of Malaysia Dr. Anwar Ibrahim highlighted that Malaysia is currently focusing on digital transformation, energy technology, and artificial intelligence, indicating that its officials believe that this is sufficient to move the country forward.

His Excellency also stressed the efforts of Malaysia’s government in confronting corruption, noting that the Malaysian Anti-Corruption Commission (MACC) works impartially and independently, and in compliance with the laws.

ALSO READ: Jaishankar Seeks to Enhance India-Malaysia Cooperation

Categories
-Top News Arab News Asia News

Sharjah-Malaysia Roundtable Strengthens Ties, Aims to Double Businesses

The primary objective of the roundtable was to strengthen the existing ties of culture and trade between Sharjah and Malaysia…reports Asian Lite News

The Sharjah FDI Office (Invest in Sharjah), in partnership with the Consulate of Malaysia and the Malaysian Business Council, organized the ‘Sharjah-Malaysia Business Roundtable’ at the House of Wisdom. The event brought together Chairmen and CEOs of prominent entities in Sharjah, as well as diplomats, Malaysian delegates, and representatives.

The primary objective of the roundtable was to strengthen the existing ties of culture and trade between Sharjah and Malaysia, providing a platform to discuss the current market dynamics, strategic approaches, inherent advantages, as well as the promising investment opportunities available for both parties. During the event, goals were announced to double the number of Malaysian businesses in the emirate while reinforcing the commitment to building mutually beneficial relationships and exploring avenues for collaboration and growth.

Exploring avenues to strengthen relations

His Excellency Ahmed Obaid Al Qaseer, CEO of Sharjah Investment and Development Authority (Shurooq) opened the day’s proceedings with a keynote address, followed by a speech by HE. Mohd Fadly Amri Aliaman – Consul General of Malaysia to Dubai. In his address, the CEO of Shurooq expressed the importance of roundtable discussions in bringing together leaders from key institutions, authorities, and industries in Sharjah and Malaysia.

Al Qaseer noted that such gatherings build upon existing relations and explore avenues to strengthen them through additional partnerships and investments. Highlighting the close relations between Sharjah and Malaysia.

Divulging further details into trade relations between Malaysia, the UAE, and Sharjah specifically, Al Qaseer said, “The UAE stands as the primary trade partner for Malaysia. In 2023 alone, trade volumes between Sharjah and Malaysia reached $94.1 million. Globally, the UAE holds the position of Malaysia’s 17th trade partner globally, representing a significant 32% of Malaysia’s trade with Arab countries.”

Diverse economy and promising opportunities

The roundtable activities comprised a panel discussion, featuring HE Mohamed Al Musharrkh, CEO of Sharjah FDI Office (Invest in Sharjah); HE Fahmy Ansara Dahalan, Chairman of the Malaysian Business Council in the UAE, and HE Mohamed Al Rais, Executive Director at Al Rais Travel & Shipping Agencies Group.

Intersection of developmental vision

HE Mohamed Al Musharrkh underscored that the support and services provided by Sharjah play a pivotal role in the UAE’s economy, as the strategic location and diverse free zones, cultural and developmental standing attract investors specialised in a variety of sectors from different countries. He pointed out that this role contributed to turning the UAE into Malaysia’s second largest trade partner in the region and that through collaboration with their Malaysian counterparts, they aimed to double the number of Malaysian businesses in Sharjah.

“Exceptional relations bring us together with Malaysia, and we are working closely with the Malaysian Business Council to attract Malaysian enterprises and facilitate investment exchange between the UAE and Malaysia, valued at around AED1.4 billion, which has made Malaysia a strategic partner of Sharjah and the UAE alike,” Al Musharrkh added.

He expressed optimism about collaboration, especially within the Islamic financial sector and mentioned the recently established direct flight between Sharjah and Malaysia, stating, “The recent addition of a direct flight between Sharjah and Malaysia will greatly encourage commerce and tourism between our two locations.”

Al Musharrkh also outlined the collaborative focus on various sectors, including tourism, advanced light manufacturing like robotics, logistics, healthcare, human capital, and innovation through renowned universities in University City. Al Musharrkh stated that he expects significant growth in these areas in the near future.

Growth, resilience, and stability

HE Fahmy Ansara, Chairman of the Malaysian Business Council in the UAE, expressed his gratitude to Invest in Sharjah for organising the roundtable, stating that it contributes to furthering the trade and cultural relations between Sharjah and Malaysia. “The advanced regulatory and legislative environment in the UAE and the Emirate of Sharjah has encouraged Malaysian companies to expand into the Emirati markets. These companies have managed to achieve impressive growth and demonstrated stability, underscoring the anticipation of further expansion in the upcoming phase,” said Ansara.

“This is attributed to many factors, such as the diversity of industries, the expansion into modern technology sectors within the UAE, as well as the strategic location that serves as a gateway to key markets across the region and the world. These factors will undoubtedly motivate more innovators and founders to establish their businesses here, and enhance their partnerships with local counterparts,” he added.

Strengthening the connection between Sharjah and Maylasia

During the session, HE Mohamed Al Rais, Executive Director at Al Rais Travel & Shipping Agencies Group, commented on the increased impact of tourism in fostering economic ties and investment in the UAE. He stated, “Tourism naturally brings more residents to the UAE and that leads to more foreign businesses and investment within the nation. We are actively working on increasing tourism and commerce between Malaysia and Sharjah.” Highlighting the existing strong connection between the two locations, Al Rais acknowledged the prevalent use of connecting flights to Malaysia.

Attractive business environment

The roundtable saw a showcase of success stories of UAE-based Malaysian companies, including Chulia Middle East, GISB Holdings, IACS International, and Ever Sendai, who praised the supportive business environment in the UAE. They highlighted advantages such as the ease of business establishment, advanced infrastructure, a diverse economy, strategic location, and a skilled workforce.

The Sharjah Business Roundtable, organised by the Sharjah FDI Office, is an annual event that invites a different guest nation each year to explore mutual economic interests, aiming to enhance Sharjah’s global economic position and promote it as an ideal destination for investment, business, and trade exchanges.

ALSO READ: UAE welcomes 10th group of wounded Palestinians

Categories
-Top News Asia News UAE News

UAE, Malaysia unite for digital infrastructure advancement

The agreement was signed by Mohamed Hassan Alsuwaidi, Minister of Investment, and Tengku Zafrul Aziz, Minister of Investment, Trade and Industry of Malaysia…reports Asian Lite News

The UAE Ministry of Investment and the Ministry of Investment, Trade and Industry of Malaysia have signed a Memorandum of Understanding (MoU) with the aim of establishing a framework for investment cooperation in the digital infrastructure sector with a specific emphasis on data centres in Malaysia.

The agreement was signed by Mohamed Hassan Alsuwaidi, Minister of Investment, and Tengku Zafrul Aziz, Minister of Investment, Trade and Industry of Malaysia.

Malaysia’s growing reputation as one of the most dynamic data centre markets in the Asia Pacific region is bolstered by the country’s strategic location, robust infrastructure and government-backed initiatives such as the New Industrial Master Plan 2030. The plan prioritises the promotion of digitisation across key sectors and strives to accelerate the adoption of advanced technologies and digital solutions, with the overarching goal of enhancing productivity and efficiency in various industries.

Data centres are essential for organisations to store crucial data and operate applications. Malaysia currently operates more than 40 data centres, with the sector anticipated to witness a compound annual growth rate of approximately 16 percent between 2022 and 2027, reaching US$ 2.90 billion by the end of the five-year period. This increase is attributed to rising demand from small and medium-sized enterprises, which play a crucial role in the country’s economy and are set to make substantial contributions to economic expansion through digital transformation.

The MoU between the UAE and Malaysia centres on establishing robust and efficient collaboration through the development of bilateral relationships between public and private organisations. The agreement also proposes introducing incentives to bolster relevant initiatives and seeks to facilitate the exchange of knowledge.

Minister Mohamed Alsuwaidi commented, “In the context of growing bilateral relations between our two nations, this partnership facilitates collaboration in an area that is essential to the development of a resilient economy. The planned increase in the number of data centres in the country will elevate Malaysia’s standing as one of the emerging data hubs in Southeast Asia and provide businesses across various sectors with a robust foundation for digitisation.”

Minister of Investment, Trade and Industry of Malaysia stated, “Malaysia’s digital infrastructure collaboration with the UAE, with a focus on data centres, will certainly help strengthen our position as a preferred destination for digital investments. As a regional data centre hub, Malaysia is well-positioned to capture a significant portion of ASEAN’s digital economy, forecast to reach USD 1 trillion by 2030. The Ministry of Investment, Trade and Industry of Malaysia and its agencies are determined to realise all committed investments so that investors, businesses and our people can quickly reap the benefits of a more robust, thriving digital economy within Malaysia and ASEAN.”

The signing of the MoU is underpinned by strong trade relations between the two countries, with non-oil trade volume surpassing USD 2.22 billion in the first half of 2023. The UAE currently stands as Malaysia’s second-largest trading partner in the Middle East, constituting 32 percent of its overall trade with Arab nations, while Malaysia holds the eighth position among non-Arab Asian countries for UAE exports and the 19th position in re-exports.

ALSO READ: India, France & UAE Conduct Joint Air Drills

Categories
-Top News Arab News Asia News

Malaysia Bans Israeli Ships from Its Ports

The decision, effective immediately, is in response to Israel’s actions in the war with Hamas….reports Asian Lite News

The Malaysian government has announced a ban on Israeli-owned and flagged ships, as well as vessels destined for Israel, from docking at its ports, CNN reported on Wednesday.

The decision, effective immediately, is in response to Israel’s actions in the war with Hamas.

The announcement by Malaysian PM Anwar Ibrahim stated that the ban is a reaction to Israel’s disregard for humanitarian principles and violations of international law, citing ongoing cruelty against the Palestinian people.

“This sanction is a response to Israel’s actions that disregard the basic humanitarian principles and violate international law through the ongoing massacre and continuous cruelty against the Palestinian people,” CNN quoted the statement .

As a country with a Muslim-majority population, Malaysia has a history of advocating for Palestinian rights and does not recognise Israel, similar to neighbouring countries like Indonesia, Brunei, Bangladesh, the Maldives, and Pakistan.

The recent bombardment of Gaza by Israel’s military following Hamas’ attacks in October has led to mass rallies in Malaysia, putting political pressure on PM Ibrahim.

The Malaysian PM known for his outspoken stance against Israel and its US backers, emphasised in a parliamentary speech in November that the government would maintain ties with Hamas and “would not punish” the group for its actions in Israel on October 7, which resulted in numerous casualties and hostages.

Malaysian passports explicitly state “Valid for all countries except Israel,” and Israeli passport holders are prohibited from entering Malaysia without prior permission, according to CNN.

The government’s announcement highlighted that Israeli-registered companies and ships had been allowed to dock in Malaysia since 2005. However, the current government has decided to override the past Cabinet’s decision and prohibit ships using Israeli flags from docking in the country.

The statement specifically mentioned the Israel-based global shipping company ZIM, noting that its vessels had been docking in Malaysia since 2002.

“For the record, ZIM vessels have been docking in Malaysia since 2002,” the statement said.

In addition to the ban on Israeli-owned and flagged ships, Malaysia has also implemented a “a ban on any ship that are heading to Israel from loading cargo at Malaysian ports,” CNN reported. (ANI)

ALSO READ: Israeli President open to 2nd ceasefire in Gaza

Categories
-Top News ASEAN News Asia News

Malaysia Grapples with Devastating Floods

The east coast states of Kelantan and Terengganu are the worst hit, with more than 6,370 people being held in 39 flood relief centres…reports Asian Lite News

Floods displaced more than 6,500 people in four states in Malaysia following heavy rains on Sunday.

The east coast states of Kelantan and Terengganu are the worst hit, with more than 6,370 people being held in 39 flood relief centres, according to the Social Welfare Department.

Meanwhile, the west coast states of Perak and Selangor recorded 85 and 50 flood victims, respectively, Xinhua news agency reported.

The Meteorological Department has issued warnings of heavy rains due to the northeast monsoon, which typically lasts from October to March, with strong winds and rough seas expected in northern states and the country’s east coast.

ALSO READ: UAE, Malaysia Advance Deal On 10GW Clean Energy Projects

Categories
-Top News Asia News UAE News

UAE, Malaysia Advance Deal On 10GW Clean Energy Projects

Abu Dhabi Future Energy Company PJSC – Masdar has signed the implementation roadmap with the Malaysian Investment Development Authority (MIDA)

 In the presence of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Majesty Al-Sultan Abdullah Sultan Ahmad Shah, King of Malaysia, Abu Dhabi Future Energy Company PJSC – Masdar, has signed an implementation roadmap with the Malaysian Investment Development Authority (MIDA) to advance the development of 10GW of clean energy projects in Malaysia.

The implementation roadmap, which includes plans to develop ground-mounted, rooftop and floating solar power plants, onshore wind farms and battery energy storage systems, follows the signing of a memorandum of understanding in October.

The agreement was signed by Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, and Datuk Wira Arham Abdul Rahman, Chief Executive Officer of MIDA, paving the way for five additional agreements to develop new solar and wind energy projects in Malaysia.

Together, these five deals will unlock up to 8GW of clean energy across the Southeast Asian nation:

– Joint Development Agreement for 2GW of solar plants with Citaglobal Berhad Tiza Global in Malaysia.
– Collaboration Agreement with Tadau Energy and PSK to develop 2GW of wind power in Malaysia.
– Strategic Memorandum of Understanding with Cypark Resources Berhad for up to 1GW of renewable energy projects in Malaysia.
– Heads of Agreement with Malakoff to develop solar photovoltaic power projects with a targeted aggregate capacity of up to 1GW.
– Memorandum of Understanding with Citaglobal Berhad and TNB Renewables to develop 2GW of renewable energy projects.

These agreements, signed at COP28, demonstrate Masdar’s ongoing commitment to Malaysia and to supporting the country’s ambitious target of 70 percent renewable energy installed capacity and net-zero emissions by 2050.

ALSO READ: UAE, Brazil, Paraguay Ink Deal on Bi-Oceanic Corridor