PM vows to propel country's economic growth through innovation - MIDA | Malaysian Investment Development Authority
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PM vows to propel country’s economic growth through innovation

PM vows to propel country’s economic growth through innovation

12 Apr 2024

The unity government is committed to stimulating the country’s economic growth through building new, high technology and innovation-driven future for the nation, Prime Minister Datuk Seri Anwar Ibrahim said.

Anwar, who is also the Finance Minister, said high value investment from global firms will result in the creation of high-paying employment opportunities that will benefit the people in the country.

“I have absolute confidence in the potential of every Malaysian, in the bright prospects for our economy and our shared future as a nation,” said Anwar in a posting on his Facebook account today.

The social media posting was accompanied with a Facebook post by the World Economic Forum, which highlighted Malaysia as the new semiconductor powerhouse.

“Malaysia’s semiconductor industry is booming. It is centered in Penang. Major players from Europe and the United States are setting up shop or expanding their existing operations (here in Malaysia).”

The World Economic Forum, in the same social media posting, noted that Malaysia has become a destination for firms seeking new options to set-up and expand their operations.

“In 2022, Penang attracted US$12.8 billion in foreign direct investment which is more than in the previous seven years combined.

“Intel, for example, has invested US$7 billion in a new plant in Penang.”

Source: NST