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DRB-Hicom to develop automotive high-technology valley

KUALA LUMPUR (BERNAMA) – Malaysia has announced a new investment of MYR32 billion from DRB-Hicom Bhd to develop the Automotive High-Technology Valley in Proton City, Tanjung Malim, Perak.

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

He also shared that the performance of government-linked companies and government-linked investment companies was improving for 2021.

DRB-Hicom Bhd sign. PHOTO: BERNAMA