KUALA LUMPUR: The Automotive High-Tech Valley (AHTV) in Tanjung Malim, Perak, has realised RM7 billion in investments since 2018.
Deputy Investment, Trade and Industry Minister Sim Tze Tzin told the Dewan Rakyat today that the amount represented 23.3 per cent of AHTV's projected development value of RM30 billion by 2035, including investments by Geely.
"Based on current planning, total investments related to the AHTV ecosystem are estimated at RM30 billion by 2035. This includes investments already realised, ongoing investments and planned future developments.
"This figure should therefore be viewed as an overall estimate for AHTV development, rather than the total value of investments realised to date," he said in reply to Tan Kok Wai (PH-Cheras), who asked for details of projects delivered under Geely's US$10 billion investment commitment in Tanjung Malim.
