China’s AgiBot eyes RM1bil investment in Malaysia by 2035
Prime Minister Anwar Ibrahim says the company, which specialises in general-purpose AI robotics, could potentially offer 5,000 job opportunities.
Prime Minister Anwar Ibrahim met with senior executives from five Chinese tech companies, including AgiBot Innovation, in China to discuss potential investments and strategic partnerships worth RM1 billion by 2035. AgiBot, a leading company in general-purpose artificial intelligence robotics, could generate 5,000 jobs with its investment.
Other firms included ZTE Corporation, Alibaba Group, Geely Automobile Holdings, and Huawei Technologies. ZTE Corporation proposed investments worth RM170 million to boost Malaysia's digital transformation and create quality employment opportunities for local talent. Discussions also focused on expanding market access for Malaysian products, particularly those from micro, small, and medium enterprises, and the country's halal industry, through Alibaba's digital platform.
The talks aimed to explore new investment opportunities and partnerships in high-impact areas, such as humanoid robotics, digital infrastructure, AI, electric vehicle technology, and e-commerce. Prime Minister Anwar emphasized the government's dedication to attracting high-quality investments, empowering local talent, and fostering skilled job creation for economic growth.
As Malaysia's largest trading partner for 17 years, bilateral trade reached US$113.82 billion (RM456.68 billion) from January to August.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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