Australian companies plan to invest 5.18 billion USD in Malaysia
At the roundtable dialogue between Malaysian Prime Minister Anwar Ibrahim and Australian companies in Melbourne on the sideline of the ASEAN-Australia Special Summit, major Australian groups have shown interest to invest a total of 5.18 billion USD in the Southeast Asian country.
Malaysian Prime Minister Anwar Ibrahim speaks at a press conference with media practitioners from Malaysia in conjunction with his official visit to Australia, March 5, 2024. (Photo: Bernama)
Kuala Lumpur (VNA) – At the roundtable dialogue betweenMalaysian Prime Minister Anwar Ibrahim and Australian companies in Melbourne on the sidelineof the ASEAN-Australia Special Summit, major Australian grಌoups haveshown interest to invest a total of 5.18 billion USD in the Southeast Asiancountry.
PM Anwar, who is also Finance Minister, revealed the information after chairing the dialogue with more than 20Australian companies in Melbourne on March 6. Among the potential investmentsare from data centre operators AirTrunk and NextDC which plan to spend about 2.33 billion USD and 630 million USD, respectively, he said According to Anwar, mining firmLynas Rare Earths is also keen to add 210 million USD to its investment inMalaysia while other potential investors include Fortescue, Macquarie Group andArnott's Group. He affirmed that Australianinvestors’ interest in Malaysia showed their confidence in the policies thatMalaysia has announced. The PM added that those potentialinvestments will create jobs for about 1,200 skilled workers in Malaysia. In terms of trade, Anwar said,Malaysia has recorded potential export sales of over 190 million USD to Australia,consisting of products such as urea, timber, food and electrical components. He said that the Malaysian government hasmade efforts to clarify any concerns or doubts in order to give Australianinvestors and businesses confidence in Malaysia’s prospects./.
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Malaysian Prime Minister Anwar Ibrahim speaks at a press conference with media practitioners from Malaysia in conjunction with his official visit to Australia, March 5, 2024. (Photo: Bernama) 
