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 revolutionize 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 Naza Group of Companies is Malaysia’s largest importer of luxury automobiles, including brands such as Ferrari, Peugeot and Brabus.