Amazon, China investments have had snowball effect, says Anwar

PUTRAJAYA: The investment of RM25.5 billion by Amazon Web Services (AWS) and RM170 billion by China in Malaysia has a snowball effect with many countries showing interest in investing in the country, says Datuk Seri Anwar Ibrahim.

"If you just wait for investment, but don't prepare the skills, machinery and infrastructure, this will be a problem. When they (investors) come, the need for infrastructure will increase," said the Prime Minister.

Speaking at the Finance Ministry’s monthly gathering on Tuesday (April 4), Anwar said investment in Malaysia is increasing due to the stable political system and clear government policies, as well as efforts made by government officers in attracting foreign investments.

"I am grateful because when the government machinery is transparent and efficient, the results are good. When officers from all departments and agencies work together, it simplifies and smooths the process and reassures investors," said Anwar.

"This is what we hope for in the Madani government so that there is understanding and uniformity on the principles we agree on for the implementation to be carried out well,” he added.