Siemens invests in Malaysia

Siemens invests in Malaysia

KUALA LUMPUR (AFP): Germany electronic and engineering giant
Siemens AG is to invest an initial 30 million ringgit (US$12
million) to set up operations in Malaysia's newly created high-
technology zone.

The group will form a subsidiary, Siemens Multimedia Sdn.
Bhd., to tap the "multi-purposed smartcard" and electronic
government projects, said Christian Urbanke, managing director of
Siemens Electrical Engineering here.

The money would be used to buy equipment and fund training
programs, research and development in the multimedia super
corridor (MSC) for the first two years, Urbanke told Bernama news
agency in an interview.

The MSC, the pet project of Prime Minister Mahathir Mohamad,
is for computers and technology-related industries and is aimed
at setting the pace for Malaysia to enter the information-
technology era.