“I want to say that we come here with a strong value proposition to put on the table. We want to help you in strengthening the US economy,” Prime Minister Datuk Seri Najib Razak said at the delegation meeting with US President Donald Trump.
According to Najib, the Malaysian delegation had three specific proposals.
Firstly, Malaysia intends to increase the number of Boeing planes to be bought by Malaysia Airlines Berhad.
“We are committed to 25 planes of 737-MAX 10, eight 787 Dreamliners and there is strong probability, not possibility, that we will add 24 (or) 25 more 737-MAX 10 in the near future.
“So within five years, with the additional purchase, the deal will be worth beyond US$10 billion.”
The 737 MAX 10 will be the airline’s most profitable single-aisle airplane, offering the lowest seat cost ever, while the 787 Dreamliner is a long-haul, mid-size wide body, twin-engine jet airliner.
The discussion with Trump was the highlight of Najib’s three-day working visit to the US at Trump’s invitation.
Najib said the government would also try to persuade low-cost carrier AirAsia to buy US-made General Electric engines.
“Secondly, we have EPF, which is major pension fund in Malaysia. They have got big sums of capital to be exported, they have invested close to US$7 billion in terms of equity in the US and they intend to invest an additional US$3 billion to US$4 billion to support your infrastructure re-development.”
Najib said that Khazanah Nasional, which has an office in California’s Silicon Valley, and had invested about US$400 million in high technology companies, also intends to increase its investment.
During his meeting with Trump the president commended Razak for his significant role in the fight against terrorism.
The Malaysian leader, he said, had taken measures to ensure that terror groups had no place in society.
“The prime minister has a major role in not allowing ISIS, or as you say Daesh, and others to exist. He has been very, very strong against terrorism in Malaysia and a great supporter from that stand point.
“So that’s a very important thing to the United States,” Trump said. — Bernama