Selangor’s focus on AI a draw for foreign investors, says exco - MIDA | Malaysian Investment Development Authority
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Selangor’s focus on AI a draw for foreign investors, says exco

Selangor’s focus on AI a draw for foreign investors, says exco

18 Jan 2024

Selangor’s strategic emphasis on artificial intelligence (AI), particularly through the implementation of its AI Nusantara programme, positions the state, and Malaysia as a whole, as an appealing destination for foreign investors. 

State executive councillor for investment, trade and mobility Ng Sze Han said the programme, which prepares students for the digital future through AI and machine learning education, is crucial in producing a skilled workforce capable of meeting current market demand. 

In return, he said this will attract more foreign direct investments (FDI) into the country. 

Ng said this is also why it is vital for the state to invest in AI technology, which stands as a cornerstone to economic development. 

“AI Nusantara serves to bolster the workforce and enhance expertise, focusing on key areas crucial for FDI,” he said in his speech at the Selangor Digital School’s (SDS) AI Nusantara graduation ceremony at DoubleTree by Hilton Shah Alam i-City, here, today. 

“Notably, it places a strong emphasis on cultivating skills relevant to smart cities and smart mobility, particularly in industries such as electric vehicles and batteries.  

“This strategic emphasis positions Malaysia as an enticing destination for foreign investors seeking to capitalise on advancements in these sectors. Undoubtedly, the existence of a skilled workforce emerges as a pivotal factor in the allure of FDI.” 

AI Nusantara is a comprehensive one-month training and placement initiative by SDS, combining theoretical knowledge with practical application, providing students with the tools to create and develop using AI technology.

It is designed to address the shortage of workforce in the field of AI, particularly in digital marketing and prompt engineering.

Ng said to date, SDS has established collaborations with 55 companies associated with the Internet Alliance — a not for profit association representing Malaysia’s major pool of internet service and ‘middleware’ infrastructure providers — and 50 companies within the Selangor Information Technology and Digital Economy Corporation cooperation network. 

“A total of 105 industry partners have expressed interest in welcoming students who have undergone training in AI,” he said, adding that these companies include Yinson Holdings Bhd, Lazada, Fusionex Group, EasyStore, Razer Merchant Services, and ClickAsia. 

“As we embrace this technological evolution, we concurrently unlock doors to fresh prospects for our local entrepreneurs, create a magnet for investment opportunities, and foster the influx of skilled talent in the realm of AI technology to the heart of Selangor.”

Source: Selangor Journal