SoftBank Plans RM200 Billion Technology Investment in Malaysia, Anwar Says
Published
SoftBank Group Corp President Masayoshi Son has selected several locations in Malaysia for a technology investment worth $50 billion. Malaysian Prime Minister Anwar Ibrahim announced this in a news report. An investment of this scale shows that Malaysia is increasingly attracting the attention of international technology companies.
According to the report, the investment will involve the development of technology infrastructure, including data centres and artificial intelligence facilities. The project is expected to create new job opportunities and help improve the skills of the local workforce in the digital field. The Malaysian government also hopes that this investment will strengthen the country's position as a technology hub in the Southeast Asian region.
However, further details regarding the implementation schedule and the exact location of the project have not yet been fully disclosed. The authorities are expected to provide additional information in the near future.
This investment is one of the largest technology investments ever reported for Malaysia. The public and investors are now awaiting further developments on the project.
Sources: TNGlobal
More Malaysia news
- Malaysian Stock Market Opens Higher After US Tech Stocks Recover
- Analysts: Malaysia's Tech Sector Faces Sentiment Decline, Not Earnings Impact
- Skilled Workforce Essential for Malaysia's Digital Transformation
- Malaysia Outlines Plans to Strengthen Digital Security and Improve Internet Connectivity
- Malaysia Targets One Million Affordable Homes Through Modular Construction Technology
- Two New Political Parties Emerge Amid Political Divisions in Malaysia
- Sabah PH Chairman Urges Parties Not to Use Religion as a Political Weapon
- Malaysia Wants Smoother Medical Claims Process