Abu Dhabi: Malaysia welcomes companies from the United Arab Emirates (UAE) to invest in Malaysia involving renewable energy (RE) projects, including data centres, said Prime Minister Datuk Seri Anwar Ibrahim. He stated that during his three-day working visit to the UAE, he held meetings with sovereign wealth fund companies from the country.

According to BERNAMA News Agency, during the meeting with UAE state-owned renewables firm Masdar, the Malaysian government informed them that it would facilitate Masdar’s investment plans in Malaysia through joint ventures with local companies. These plans include green energy projects, infrastructure, battery storage, and strengthening the energy grid.

For the Abu Dhabi Investment Authority (ADIA), projects are related to the New Industrial Master Plan 2030 (NIMP 2030) and the MADANI Economy framework, as well as projects in the Johor-Singapore Special Economic Zone (JS-SEZ), such as advanced manufacturing. The projects also encompass infrastructure development, green technology, renewable energy, logistics, healthcare, the digital economy, and education.

The Prime Minister also welcomed ADIA’s intention to collaborate with global infrastructure partners on the privatisation of Malaysia Airport Holdings Bhd (MAHB). ADIA’s involvement is deemed crucial in MAHB’s reorganisation or any potential privatisation involving Khazanah Nasional’s control, leveraging its experience at airports in Dubai, Abu Dhabi, Heathrow, and Paris.

Anwar further added that his meeting with Mubadala discussed the production of liquefied natural gas (LNG) and the development of gas-related infrastructure. They also talked about the development of value chains such as blue hydrogen and carbon capture, utilisation, and storage (CCUS), along with projects in the JS-SEZ.