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MELAKA, 24 Oct: Prime Minister Datuk Seri Anwar Ibrahim today revealed that a global investor intends to invest US$50 billion in artificial intelligence (AI), new technologies and data centers in Sarawak and the Peninsula.
He said the matter was revealed by the investors through a video conference with him recently with the investment being described as among the largest in the region.
Anwar said that investments in the technology sector have the potential to open up new and better job opportunities for people, especially young generation including school students and higher education institutions.
"Last Tuesday, one of the world's biggest investors held a video conference with me. He said he had chosen Sarawak, Kuching and the peninsula to develop one of the largest investments in the region, US$50 billion.
"In what field? In the field of AI, new technologies, data centers. It means that the children who are in higher education now, at school, should remember that there are new opportunities, better job opportunities", he explained.
He said this during his address at the Cultural Love Touch Program and launch of National Lifestyle Action Plan 2030 (NCLAP30) at Hang Jebat Sports Complex here today which was also attended by Minister of Internal Trade and Cost of Living Datuk Armizan Mohd Ali.
The Prime Minister said that international investor confidence in Malaysia should be maintained through the country's political stability and leadership, as well as ensuring a conducive environment for investment.
Anwar stressed that peace and harmony of multi-ethnic and religious communities are among the strengths Malaysia needs to leverage to attract more foreign investment.
"If people aren't confident about this government, if the leader is fighting all the time, people won't be interested in coming", he said.
Meanwhile, Anwar said Malaysia must continue to strengthen its mastery of new technologies especially AI, digitization and semiconductors to ensure the country is able to record sustainable economic growth.
He said efforts to improve labour training and skills were also important in enabling Malaysia to move from behind-the-system technology activities to middle segment and level interaction with higher value added consumers.
He however stressed that success in attracting investment and driving economic growth must translate into real benefits to the people including better employment opportunities and improved living standards. - TVS
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