Kuala Lumpur: Shell will increase its investment in Malaysia by more than RM9 billion over the next two to three years, which is expected to create high-skilled jobs, said Prime Minister Datuk Seri Anwar Ibrahim. Anwar, who is also the Finance Minister, said the plan was conveyed by Shell’s Global chief executive officer Wael Sawan during a meeting today.

According to BERNAMA News Agency, Anwar stated that this investment reflects international investors’ confidence in Malaysia’s economic policies and leadership. He expressed optimism about Malaysia’s future, emphasizing the country’s potential for prosperity and competitiveness. Anwar highlighted Shell’s role as a long-standing key investment partner in Malaysia’s economic development.

The Prime Minister also discussed the strategic approach of the MADANI Government, aimed at establishing Malaysia as a stable and sustainable investment destination for future generations. He noted that Sawan had shown confidence in Malaysia’s economic direction.

Earlier, Sawan mentioned a steady growth in demand for liquefied natural gas (LNG) in Southeast Asia, particularly in Malaysia, Brunei, the Philippines, and Thailand, anticipated until 2035. He pointed out that the increasing energy demand, fueled by the expansion of data centers and artificial intelligence, can be effectively met with LNG, serving as a reliable energy source amid geopolitical uncertainties.