International investor plans to invest US$50bil in Malaysia’s tech sector, says PM
Anwar Ibrahim says he was informed of the proposed investment in a recent video conference.
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.
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.
