The Ministry of International Trade and Industry has said that it had achieved an additional RM13 billion of committed Foreign Direct Investment from three investors via its investment mission to the Republic of Singapore.
Three companies – Sea Ltd., the Yondr Group and INSEACT – have collectively committed to investing RM13 billion in Malaysia. These investments are scheduled to be operationalised within the next three years. Sea Ltd. – the parent company of Shopee, the largest pan-regional e-commerce platform in Southeast Asia and Taiwan – has committed to expanding its investments in Malaysia, creating over 2,000 job opportunities.
The company intends to set up cloud services, data hosting and processing, and a new e-commerce logistics warehouse in the country. Another investor is the Yondr Group, a UK headquartered global leader in the development and operation of data centres. Yondr group – which has delivered more than 500MW globally to leading hyperscale clients – has entered the Malaysian market with the acquisition of a 75- acre plot in Sedenak, Johor, and is developing a 300MW IT load hyper scale datacentre campus.
Yondr’s deployment in Johor is expected to become Southeast Asia’s largest hyperscale datacentre campus and will play an important role in growing Malaysia’s digital ecosystem. The third company, INSEACT, is a Singapore-based alternative protein company specializing in insect protein for aquaculture feed. It intends to set up a production facility in Johor, its first in Southeast Asia. The company’s unique approach to alternative protein production has the potential to address
Asia’s growing demand for sustainable food sources.
Commenting on the successful mission, MITI MInister Tengku Zafrul said, “These committed investments cumulatively valued at RM13 billion reflects Malaysia’s attractiveness as a preferred investment destination. It is also a testimony of the long-standing, mutually beneficial relationship between Malaysia and Singapore in trade and investments. MITI intends to grow and strengthen this special relationship, particularly in building supply chain resilience for our respective industries, premised on cooperation in digital and green economies.