He said the initiative, spearheaded by Tourism Malaysia Dubai along with Tourism Selangor, aimed to fortify existing ties and explore new avenues for collaboration.

He added that announcements regarding further developments will be made periodically.

"Seri Paduka juga mendoakan agar dengan pelaksanaan pelan induk tersebut, Malaysia kekal berdaya saing dan berdaya maju selain meletakkan negara sebagai kuasa ekonomi serantau," menurut Istana Negara.

Tengku Zafrul said the investments are a vote of confidence in Malaysia’s economy and its offerings to investors, including a government that supports and develops pro-business policies and continuously enhances the ease of doing business in Malaysia.

MoU itu dijangka dapat meningkatkan lagi kerjasama ekonomi dan perdagangan antara Guangxi dan Malaysia.