Kuala lumpur: The combined investment under Retirement Fund Inc’s (KWAP) Dana Perintis and Khazanah Nasional Bhd’s Jelawang Capital will increase to RM750 million from RM550 million previously to accelerate Malaysia’s start-up and innovation ecosystem, nurturing enterprises that contribute to technological advancement and job creation.

According to BERNAMA News Agency, Chief Executive Officer Datuk Nik Amlizan Mohamed stated that through its Government-linked Enterprises Activation and Reform Programme (GEAR-uP) initiatives via Dana Pemacu and Dana Perintis, KWAP is committed to mobilising capital that strengthens Malaysia’s investment ecosystem and catalyses the next engines of national growth. She highlighted that RM1.2 billion has been allocated under Dana Pemacu to build a vibrant domestic investment landscape, focusing on high-growth sectors such as energy transition, food security, and the digital economy, which align with Budget 2026’s emphasis on innovation-driven and value-creating industries.

Furthermore, she announced that KWAP and Khazanah Nasional will jointly invest RM550 million in the semiconductor ecosystem. This strategic move aims to deepen collaboration between local firms and multinational players, strengthening Malaysia’s position as a global hub for high-value manufacturing and advanced technology.

Additionally, KWAP is engaging in a strategic collaboration with the Penang Islamic Religious Council, committing RM300 million to undertake a senior living project on Baitulmal land in Kepala Batas, Penang. This initiative is part of an effort to assess similar projects elsewhere to benefit more elderly Malaysians from low-income households. Datuk Nik Amlizan Mohamed concluded by stating that KWAP will continue to invest with purpose, aiming to strengthen the nation’s financial resilience while uplifting the lives of those they serve.