Earlier, it was reported that a sheikh from Qatar had expressed interest to invest up to US$400 billion (RM1.6 trillion) in Malaysia’s new national car project (NNCP). It was revealed by Federal Territories minister Khalid Abdul Samad, reported by Bernama. That came out from a meeting between prime minister Tun Dr Mahathir Mohamad and the Qatari, the Shah Alam MP said.
Now, Khalid’s cabinet colleague, entrepreneur development minister Datuk Seri Mohd Redzuan Yusof, has come out to deny such an investment in the NNCP, according to Malaysiakini.
“The Qatar Investment Authority (QIA) said they were interested to invest in the country, but there were no specific mention of the project (NNCP). I don’t know what’s his (Khalid) source, but I think what he meant was QIA has plenty of funds to invest in our country,” Mohd Redzuan told reporters in Cyberjaya today.
Unlike Khalid, Mohd Redzuan is directly involved in the NNCP. News of the “third national car” first came from his ministry and the Malaysian Industry-Government Group for High Technology (MIGHT, under the purview of the PM’s department) in October.
Then, the timelines for the NNCP was announced – the new national car’s name will be revealed by the end of this year, while the prototype for the NNCP model is expected to be ready by early next year, ahead of a 2020 roll out. The car is expected to feature semi-autonomous capabilities and advanced safety features, while remaining affordable.
Earlier this month, economic affairs minister Datuk Seri Mohamed Azmin Ali said the NNCP was discussed in a recent National Development Council meeting chaired by the PM, and “we will share the prototype with the public soonest next year.”
The ministry of international trade and industry has received over 20 proposals for the NNCP, which will receive R&D grants from the government.
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I hope Perusahaan Otomotif Ketiga Sdn Bhd (POK) will launch soon. If POK launches then habisla Proton and Perodua. We need a new national car soon to get rid of the failed P1 and P2!
Can’t wait for POK – AI car
This is very normal. Both also SAME SAME. You see, Political parties may change but it is still the same dolop mundane people running the show.
In other words, Government may change but still have the same type of people as before.
So you will see in efficiencies and inter-fighting. Each one contradict each other.
What Government need is more Li Chunrongs to run them. Then you will see unity and no in-fighting
Abang abang still cannot agree on common things. Always gaduh sama sendiri
in what sense is P2 a failure?
Failed to ensure the safety of their owners and passengers.
@Engineer – True, and also lots of short cut/corner cutting jobs. Plus, all current models doesn’t have a bloody temperature gauge (even certain Mazda model or Kia Picanto bring back an important temperature gauge as they already realized their mistake of omitting it from previous gen model).
Too many U turn in this new government XD
These politikuses will say they never said such things. Then their supporter here will go around asking proof that his idol got said such things. Rinse and repeat.
This is a washing Gomen. Washing money, brainwashing followers, & whitewashing past dictators and cronies.
Same type of people as 7 months ago. No changes. These are same type that given jobs but incompetent to handle them
False alarm tettttt… nothing good to announce apart from blame game yet everyone wanna show they’re doing an excellent job. Eventually either blame najib or blame the journalists for misinterpret/misquoted their statement. Try harder Khalid
No matter where the money goes to, TurnM ady said foreign investment means dah jual lah. Doesn’t matter if it’s a railway project or a building project, or a crooked bridge project, or P3 project. Investment means jual. We will be enslaved to Qatar for a very, very long time. Simple as that.
Ur definition of investment is gravely absurd and wrong bro!. In this case, equity investment and non-equity investment is two different thing.
So which kind of “investment” would you call a black hole like P3?
Previous Government already sold nearly everything to China. Kasihan Malaysia kena jual China sekarang
You can sell something twice? Let us know how your logic works. You sound more like a s-c-a-m.
The proof of the pudding is in the eating [Gambatte!]
U turn Gov. Alwiz uturn after saying something or promise something.
You’re right, P1 ofcourse better than P2. It’s already the fact. john best!
Same like before, promise rakyat 30% car price reduction. We waited 5 years but we saw car prices going UP UP UP.
Same type of people running the show.
The problem is, prices was going down in old Gov. Now prices is going up thanks to new Gov. Ini salahan new Gov.
Dapat sikit duit tu untuk anak nak masuk sekolah ni pun dah cukup bagus.
Syukur kerajaan prihatin. Rm500 dh cukup bagus
Dulu rakyat xperlu sedekah, kjaan bagi.
Skarang rakyat perlu mintak sedekah dr kjaan.
Rakyat dah kn game.
Dream big….and cones out nothing
The right hand doesn’t know what the left hand is doing. Still way to go young government….. anyway, stop giving excuses that government’s fund (people’s m9ney) is not involved in NNCP. If no fund from government is involved, why since the beginning until now we only hear statements from the ministers?? Where are all the private investors and stakeholders? Or even any potential candidates lists ? Tarak much ?
$400 Billion?! Ridiculous. If Qatar has that sort of cash then investing it in a National Car Program would seem the least productive use of it!
Or they could just end poverty in Africa; but knowing the kindly, Muslim Arabs, they won’t do that…
why the heck qatar would invest trillions in malaysia national car project?
isnt it more profitable to invest in ferrari, lamborghini, porsche, aston martin brands etc?
smell fishy? could be J.Lo and gang behind the scheme.
I think it’s not only in malaysia, but most part of the world elected dumb governments nowadays. Trump, may, macron, duterte etc. It’s either our end of human civilization or failure of democracy
We ape 1st world democracies, and they chose bad leaders and worse governments. So ergo, what naturally follows is this useless government of ours.
Budaya timur tak mau ikut, mau saja ikut teladan orang Barat, tu le jadinya.
All this is just smokescreen to hide the fact that gov had to fork out people’s money just to feed atuk’s ambition (plus ego & cronies).
Not too long ago, it was announced that 3rd NCP gonna be privatized and will not be using taxpayers money. Shortly after that, another announcement about gov will be giving “R&D grant” for this project at undisclosed fee (I wonder how much that is).
Now suddenly some random Pak Arab wants to invest in this project. The investment value itself is mindbogglingly high and top of the line ridiculous.
WHAT CIRCUS.
WHAT JOKE.
This is a joke and circus Gomen.
Budaya Malaysia baharu. U-TURN. KERAJAAN TURN M.
Bodohnya Khalid PH nih kan. Depan2 kena tiaw dgn geng sendiri. Kasi malu sj.
Excuse me why is the govt selling Malaysia to Qatar?? After so much has been sold to China there’s basically nothing left! Later have to sell that big house in Mines how? Where to hold meetings with cronies? LOL