Anwar says 'global investor' has chosen Malaysia for US$50bil tech sector investment
Malaysian Prime Minister Anwar Ibrahim announced a US$50 billion investment from a global entity focused on AI, new technology, and data centers. The project is expected to create significant job opportunities for the nation's youth.
Why it matters
This represents a massive foreign direct investment that could position Malaysia as a regional hub for AI and data infrastructure.
MELAKA: Prime Minister Datuk Seri Anwar Ibrahim has disclosed that a global investor plans to invest US$50bil (RM204.3bil) in the artificial intelligence (AI), new technology and data centre sectors in Sarawak and Peninsular Malaysia.
He said the investor conveyed this during a recent video conference, describing the proposed investment as one of the largest in the region.
Anwar said the investment can create new and better job opportunities for Malaysians, particularly the younger generation, including students in schools and institutions of higher learning.
"Last Tuesday, one of the world's largest investors held a video conference with me. The investor said he had chosen Kuching, Sarawak and Peninsular Malaysia for an investment worth US$50 billion, one of the largest investments in the region.
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