Major Australian companies express interest to invest RM24.5 billion in Malaysia

Major Australian companies have shown interest to invest a total of RM24.5 billion in Malaysia, including expansion of existing investments, said Prime Minister Datuk Seri Anwar Ibrahim. Anwar, who is also the Finance Minister, said the intention was expressed to him during his meeting with more than 20 Australian companies in Melbourne on Tuesday, the second day of his official visit to Australia.

Among the potential investments are from data centre operators AirTrunk and NextDC which plan to spend about RM11 billion and RM3 billion, respectively, he said. Mining firm Lynas is also keen to expand its investment in Malaysia while other companies that are potential investors include Fortescue, Macquarie Group and Arnott’s Group, Anwar said. “This is an achievement to be proud of, (as it) shows Australia’s interest and their confidence in the policies that we have announced,” he told the Malaysian media here, adding that these potential investments would create jobs for about 1,200 skilled workers in Malaysi

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Major Australian companies express interest in investing in MalaysiaMajor Australian companies have shown interest in investing up to RM24.5bil in Malaysia, including expanding existing investments, says Prime Minister Datuk Seri Anwar Ibrahim.
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