Malaysia Anticipates $5 Billion Investment from Australian Companies. Malaysia is poised to welcome investments totaling up to 24.5 billion ringgit ($5.17 billion) from Australian firms, according to Prime Minister Anwar Ibrahim, as reported by state news agency Bernama on Wednesday.
Leading the investment charge are Australian data center operators AirTrunk and NextDC, with plans to allocate approximately 11 billion ringgit and 3 billion ringgits respectively. Additionally, miner Lynas Rare Earths aims to expand its investments in Malaysia. Anwar shared these insights during his visit to Australia this week, as conveyed by Bernama. No specific timeframe for the investments was provided.
Anwar highlighted that these potential investments have the potential to generate job opportunities for approximately 1,200 skilled workers in Malaysia. Separately, Malaysia's International Trade and Industry Minister Tengku Zafrul Aziz informed broadcaster CNBC that government officials engaged with 20 Australian companies during the trip, resulting in eight firms committing investments totaling about A$5.2 billion ($3.38 billion) thus far.
#NewsUpdate #MalaysiaAustraliaInvestment #EconomicGrowth #TradeRelations #InternationalTradeCouncil
