Malaysia’s prime minister said on Thursday ( Sep 26 ) that it is generating enough energy surplus to support new major development projects and increase exports as it seeks to attract investors for its special economic zone ( SEZ ) plan with neighboring Singapore.
By the end of the year, the two nations intend to close a deal to build the Says in southern Johor state of Malaysia, which will free up the flow of people and goods.
As it aims to achieve net-zero pollution by 2050, the state, according to Prime Minister Anwar Ibrahim, will continue to pursue renewable energy and vitality change efforts while maintaining its focus on tasks like the Johor-Singapore SEZ.
Taken together with several energy-focused projects in all of Malaysia’s states and regions, Anwar stated at an expense event in Johor that he was assured of a deficit of energy that would support developments like the JS-SEZ as well as have much to increase our energy exports.
Johor is expected to experience a surge in electricity demand, having attracted significant opportunities in data center infrastructure from it stories like Nvidia and China’s ByteDance in recent years.
The investment improve has helped accelerate Malaysia’s business this year, with rise beat expectations in the past two quarters, and the local property industry becoming the best-performing in the region, Anwar said.
Financial performance in the second quarter was equally “looking promising”, Anwar said.