KUALA LUMPUR, May 2- Anwar Ibrahim, the Prime Minister, announced today that Microsoft will invest RM10 billion in AI and cloud tech development in Malaysia over the next four years, marking the biggest investment by the American company in the country so far.
Shortly after meeting with Microsoft chief executive officer Satya Nadella and his delegation in Putrajaya this morning, Anwar made the announcement. He highlighted the deal as a strong indication of investors’ trust in his government and its policies.
Anwar’s statement.
This statement by Anwar reflects the positive sentiment towards Malaysia’s investment climate. It highlights the confidence that investors have in the country’s economic fundamentals, which include a strong and stable economy, clear and consistent government policies, and a favorable business environment. Additionally, Anwar’s mention of political stability indicates that Malaysia is a safe and secure place for investors to put their money.
The country’s reputation for being investor-friendly further reinforces its attractiveness as a destination for foreign investment. Overall, Anwar’s statement underscores Malaysia’s position as a promising and reliable investment destination in the region.
Why does Malaysia Invest in Microsoft?
Microsoft’s investment in Malaysia goes beyond just infrastructure development. The tech giant is also committed to providing AI skilling opportunities for 200,000 individuals in the country, helping to bridge the digital skills gap and empower the workforce for the future. Additionally, Microsoft is working closely with the Malaysian government to enhance AI and cybersecurity capabilities, ensuring that the country is well-equipped to handle the challenges of the digital age.
Furthermore, Microsoft is actively supporting the developer community in Malaysia, providing resources, tools, and training to help them innovate and create cutting-edge solutions. By investing in these key areas, Microsoft is not only driving economic growth and innovation in Malaysia but also fostering a more inclusive and digitally literate society.
Microsoft’s upcoming investment will be the biggest in the company’s 32-year history.
The investment aligns with the government’s focus on boosting AI capacity within the country.