General Electric (GE) and the Naza Group of Companies are joining hands in a bid to explore potential collaboration in electrical vehicles, sustainable property development and healthcare services.
GE Asean chief executive officer, Stuart Dean expects strong synergies to result from the collaboration that will be an important catalyst of sustainable growth in many of the key sectors identified in Malaysia's Economic Transformation Programme (ETP).
He cited electrical vehicles as an important sector as it is set to revolutionise the automotive industry worldwide.
"Locally, we will tap into Naza's experience and penetration of the local auto industry. GE and Naza will also explore the development and implementation of sustainable energy solutions in the property development business," he said.
The memorandum of understanding (MOU) signed today in respect of the collaboration, is GE Malaysia's first ever partnership with the multi-industry Malaysian conglomerate. -Bernama
