In a recent post on his official Facebook page, Prime Minister Datuk Seri Anwar Ibrahim underscored the importance of fostering a creative and investor-friendly investment environment in Malaysia. He called upon all relevant parties to work together in accelerating the country’s national development process to achieve its goals effectively.
Speaking during the 43rd National Physical Planning Council Meeting on Monday, Anwar emphasized the need to expedite the development approval process to attract more investments and enhance Malaysia’s business-friendly reputation. He highlighted that a streamlined approval process is more vital to investors than financial incentives, and it can significantly contribute to Malaysia’s competitiveness in the region.
Anwar also stressed the importance of developing a comprehensive ecosystem tailored for data center facilities. This emphasis on value-added, competitive data center development aligns with Malaysia’s ambitions to become a digital hub in the region.
The meeting served as a forum for the federal government to collaborate with state governments on urban and rural planning matters and the nation’s physical development, in accordance with the Federal Constitution. The Malaysian government’s commitment to improving the ease of doing business and fostering a conducive environment for investment reflects its dedication to attracting domestic and foreign investors to fuel economic growth.
Prime Minister Anwar Ibrahim’s call for a creative and investor-friendly investment landscape underscores Malaysia’s commitment to fostering innovation and facilitating business growth, ultimately contributing to the nation’s economic development and global competitiveness.