By Norrasyidah Arshad
SHAH ALAM, June 3 — The RM9.4 billion investment made by tech giant Google at Elmina Business Park, Sungai Buloh, shows that investors are optimistic about Selangor’s prospects for future growth, says Ng Sze Han.
The state executive councillor for investment, trade and mobility said that in addition to the growth of the integrated circuit (IC) and semiconductor design park in Puchong, Google’s investment also increases Selangor’s appeal, which includes providing high-value jobs.
“Google’s investment in the data centre and Google Cloud Region, which has a multiplier effect on several industries, including semiconductors, strengthens Selangor’s position as the country’s economic centre.
“The development plan relies on advanced semiconductor technology due to its widespread use, including AI (artificial intelligence),” said Ng Sze Han to Selangorkini.
On Thursday, Investment, Trade, and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz stated that Google’s investment is expected to support 26,500 jobs across various sectors in Malaysia, which include healthcare, education, and finance, with an economic impact valued at RM15.04 billion (US$3.2 billion).
The investment follows discussions between Prime Minister Datuk Seri Anwar Ibrahim and Alphabet Inc.’s president and chief investment officer, who is also Google’s chief financial officer, Ruth Porat.
The Malaysian Investment Development Authority (Mida) and Google also signed a Memorandum of Understanding on November 14, 2023.
