Russia to invest $5bn in Malaysia

A Russian aircraft maker has decided to build a five billion dollar research facility for the defense and aerospace industries of Malaysia.

Malaysia's Defense Minister Ahmad Zahid Hamidi says the facility would be built by aircraft maker Irkut.

He added that the Russian company would help design and manufacture components critical to the maintenance of services on which the industries in the plant depend.

"In total, Irkut has entered into 28 memoranda of agreement with various local parties to produce locally, under license, an array of parts and components not only for the Malaysian market but also for global requirements," The New Straits Times quoted Zahid as saying on Friday.

The report added that the facility would be built in a technology park in the northern state of Perak.

A spokesman for the minister also confirmed the news.

Source: PressTV.
Link: http://www.presstv.ir/detail.aspx?id=124136§ionid=351020602.