The United Kingdom has identified Malaysia as one of the key sources of high-value investments, local press reported Monday.

UK Trade & Investment (UKTI), a government body that facilitates inward and outward investments and trade, identifies Malaysia as one of the high-growth markets in Asia in its new five- year, target-driven strategy launched recently to attract high- value investments.

"Malaysia is one of not-many-priority markets in Asia. It is one of the key emerging markets which UKTI will be putting in extra efforts," UKTI head for Asia Pacific, Tony Collingridge, told the New Straits Times (NST) in a recent interview.

Collingridge said major investors from Malaysia are already present in the UK in various fields and UKTI is now wooing the younger, high-tech companies in Malaysia to leverage opportunities available in the UK.

These companies need to grow while the UK has expertise in areas like telecommunications, software development, display technology and gaming software technology, said Collingridge.

He added there are abundant opportunities in the UK, in areas like information technology, bio-science, renewable energy, environmental technology and automotive.

Source: Xinhua