Muslim-majority countries should build their own markets and produce their own technologies to become self-sufficient, Malaysian Prime Minister Mahathir Mohammad said on Thursday.

Speaking at a forum during the ongoing Kuala Lumpur Summit, he stressed the importance of technological and industrial progress in national development.

“There are 1.7 billion Muslims. Obviously this is a big market if we decide to source our needs from Muslims and Muslim countries. Then we enrich ourselves.

“But because we [Muslim countries] have not enough products by ourselves, we have to source most of our needs from other countries, and our money flows out.

Read more: Muslim world should build own market: Malaysian premier