Global investor plans US$50bil investment in Malaysia's AI, data centre sectors, says Anwar

Prime Minister Datuk Seri Anwar Ibrahim announced a global investor's plan to invest US$50 billion (RM204 billion) in Malaysia's AI, new technology, and data centre sectors. The investor revealed the proposal during a video conference. Anwar stated the investment would generate improved job opportunities, particularly for students in educational institutions. The investor chose Kuching, Sarawak, and Peninsular Malaysia as the project sites, claiming it to be one of the largest investments in the region.

The sectors targeted by the investment include AI, new technology, and data centres. The investment is expected to provide better employment opportunities for young Malaysians currently studying at universities and schools. Anwar emphasized the importance of sustaining international investor confidence in Malaysia through political stability, firm leadership, and a conducive economic climate.

He highlighted peace and harmony among the country's multiracial and multireligious communities as a key strength that must be used to attract foreign capital.

Anwar stressed the need for Malaysia to strengthen its capabilities in emerging technologies, specifically AI, digitalisation, and semiconductors, to ensure long-term economic growth. He emphasized the significance of workforce training and skills development, urging Malaysia to move beyond back-end technology activities into higher-value middle- and front-end segments. Ultimately, the success of attracting investments should result in tangible benefits for the people, such as higher living standards and quality jobs.