Global Investor Announces US$50 billion AI and Data Centre Deal in Malaysia

A global investment group has pledged US$50 billion for AI, new technology and data centre development in Kuching, Sarawak and Peninsular Malaysia, according to Prime Minister Anwar Ibrahim. The announcement came after a video meeting with the investor, who described the deal as one of the region’s largest. Anwar emphasized that the funding could generate quality employment for university graduates and school-age youth.

Speaking at the Sentuhan Kasih MADANI Programme and the launch of the National Cost of Living Action Plan 2030, he stressed that Malaysia’s political stability and multiracial harmony are key to attracting such capital. He also called for continued investment in emerging tech capabilities, including AI, digitalisation and semiconductors, to move the economy up the value chain. The Prime Minister warned that internal political discord could deter future foreign investors.