Malaysia's flying car, which will be showcased to the public by this year, will be developed by local companies, said Entrepreneur Development MinisterDatuk Seri Mohd Redzuan Md Yusof. [NSTP/ASYRAF HAMZAH]

KUALA LUMPUR: Malaysia's flying car, which will be showcased to the public by this year, will be developed by local companies, said Entrepreneur Development MinisterDatuk Seri Mohd Redzuan Md Yusof.

He said foreign parties will only be involved as consultants over the car's safety features and procedures.

"We will use local capabilities to build the flying car. We will only refer to foreign parties when it comes to exchanging information over the car's safety.

“The prototype is ready. It is up to the private sector whether they want to use it," Redzuan said at the launch of Fave's Growth Malaysia here today.

It was reported that the development of the flying car is the new government's initiative to promote the use of high technologies among private sector to boost productivity.

Redzuan had said the flying car can be used in sectors such as agriculture and aerospace, among others.

Meanwhile, Fave has launched Growth Malaysia in collaboration with partners such as Grab, Malayan Banking Bhd, Malaysia Digital Economy Corp, Funding Societies and Productivity Nexus for retail food and beverage.

Fave founder Joel Neoh said the collaboration aims to help 100,000 restaurants to grow digitally by 2020.

He said Growth Malaysia offers restaurant owners the added value such as cashless and mobile payments, digitising loyalty cards, food delivery and enabling easier access to financing.

"As the world evolves to going digital, offline businesses especially those in food and beverage need to catch up and adapt to the growing shift of the behaviour in consumers, else they risk being left behind," he said.