Prime Minister Datuk Seri Anwar Ibrahim is set to engage in a virtual meeting with tech giant Google today (May 6).
While details of the meeting’s agenda remain undisclosed, Anwar highlighted Malaysia’s increasing appeal to international investors during the Prime Minister’s Department Monthly Meeting.
“We are currently prioritising economic growth, and we have observed a significant surge in interest from foreign investors,” remarked Anwar.
Anwar also underscored recent investment milestones, including Microsoft’s announcement of a RM10.5 billion investment in Malaysia.
Moreover, during a recent visit to Riyadh, Saudi Arabia, Anwar revealed that the kingdom has committed to additional investments in Malaysia through its renewable energy giant over a decade.
Speaking on the efficiency of Malaysia’s investment approval process, Anwar commended Saudi Arabia’s rapid decision-making, citing his recent meeting with ACWA Power.
The investment discussions, involving Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz, Foreign Minister Datuk Seri Mohamad Hasan, and officials from the Malaysian Investment Development Authority, led to an expedited approval within hours.
“At 8pm, they gave us the green light to continue the investment,” Anwar said, emphasising the swift pace of decision-making.
Reports indicate that ACWA Power, a Saudi Arabia-based renewable energy giant, has expressed interest in investing over US$10 billion (RM47.4 billion) in Malaysia over the next decade. Collaborations with local entities like Cypark Resources Bhd are envisaged for various proposed projects.
Anwar attributed Saudi Arabia’s continued investment in Malaysia to the country’s political stability, clear leadership policies, and the efficiency demonstrated by civil servants and government-linked companies.
