He said FDI was about bringing in capital, technology, setting up plants, employing Malaysians up to the level of executives and producing goods for the local and export markets.
“We do not consider coming into Malaysia, buying up huge pieces of land and developing towns and cities and then bringing in foreigners into this country as FDI. That is the difference,” he said.
Full article https://www.thestar.com.my/news/nation/2018/05/16/mahathir-builtforforeigners-cities-are-not-fdi/
Brilliant, Dr Mahathir.
Many still say they're fine with this as it was originally sea. As the land is man-made (reclaimed), it is therefore OK to sell it to foreigners as freehold land. "They can't take the land back", the defenders say.
Lame retort.
Let's see how this unfolds.
Hail The Tunminator!
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