Najib: Malaysia, UK targeting RM26bil bilateral trade by 2016

Prime Minister Datuk Seri Najib Tun Razak said he was looking forward to meeting his British counterpart David Cameron on Thursday.

Najib, who is on a four-day working visit to the UK, noted that the two countries have both begun looking to each other for greater investment opportunities and business growth.

"And we have set a challenging target to jointly achieve RM26 billion of bilateral trade by 2016.

"That's double from what we currently enjoy from the good trading relationship we have together," he said on his Facebook account.

Najib said a first step towards this goal will be the launch of the Battersea Power Station project, which is being jointly developed by SP Setia Bhd, Sime Darby Bhd and the Employees Provident Fund.

"I'm confident that other ambitious partnerships will follow," he added. - Bernama, July 3, 2013.

(Source: The Malaysian Insider)

Najib to open Battersea project with UK’s Cameron in London

After concluding his working visit in Tanzania, Prime Minister Datuk Seri Najib Razak is scheduled to be in London to jointly-officiate the groundbreaking of the Battersea Power Station Project with his United Kingdom counterpart David Cameron, this Thursday.

The project is being developed by the Battersea Project Holding Company Ltd, a joint-venture company owned by a Malaysian consortium comprising SP Setia, Sime Darby and the Employees Provident Fund.

Wisma Putra, in a statement here today, said the Malaysian consortium had successfully bid for the project through an open tender last September, and the presence of the two premiers at the ceremony symbolises the close political and economic ties between both countries.

During his six-day working visit starting from July 1, Najib will also hold a bilateral meeting with Cameron prior to the groundbreaking ceremony, where the two leaders will exchange views on bilateral matters as well as regional and international issues of common interest.

"The working visit is expected to further deepen the friendly and close ties between Malaysia and the UK, and it also serves as another example of the increased frequency of bilateral exchanges between the two countries over the past three years," the statement said.