Business : Global Investor Chooses Malaysia For US$50 Bln Investment In Tech Sector – Anwar

Prime Minister Anwar Ibrahim revealed that a major international investor intends to inject US$50 billion into Malaysia's technology sector, targeting AI, emerging technologies, and data centres in Sarawak and Peninsular Malaysia. The substantial investment, disclosed during a recent video conference, is described as one of the largest in the region.

Anwar emphasized the importance of political stability and conducive conditions to sustain investor confidence, stating that a politically unstable government would deter foreign investment.

He highlighted the significance of Malaysia's multiracial and multireligious harmony as a national strength and called for leveraging these qualities to attract more foreign investment. Anwar also underscored the need to bolster Malaysia's capacities in emerging technology fields, especially AI and semiconductors, and digitalization, to ensure long-term economic growth.

He stressed that the benefits of attracting investments and driving economic growth must translate into tangible advantages for the people, including improved job prospects and higher living standards.