Major Australian companies have shown interest in investing up to RM24.5 billion in Malaysia, including expansion in existing investments, said Prime Minister Datuk Seri Anwar Ibrahim.
He said this was expressed during his meeting with over 20 Australian companies in Melbourne today, on the second day of his official visit to Australia.
Among the potential investments are from data centre operators AirTrunk and NextDC, which plan to spend about RM11 billion and RM3 billion, respectively.
Mining firm Lynas is also keen to invest a further RM1 billion, while other companies that are potential investors include Fortescue, Macquarie Group, and Arnott’s Group.
“This is an achievement to be proud of, (as it) shows Australia’s interest and their confidence in the policies that we have announced,” Anwar said to the Malaysian press.
He added these potential investments would create jobs for about 1,200 skilled workers in Malaysia.
The amount of potential investments exceeds an earlier estimate made by the Investment, Trade, and Industry Ministry, as well as the Malaysian Investment Development Authority.
In terms of trade, he said Malaysia has recorded over RM900 million in potential export sales to Australia, consisting of products including urea, timber, food and electrical components, in conjunction with his visit.
The government he said has made efforts to clarify any concerns or doubts in order to give Australian investors and businesses confidence in Malaysia’s prospects.
