Prime Minister Says It’s Proof Gov’t Can Attract Investments After Hard Drive Maker Invests RM2.3 Billion
Factories in Penang and Sarawak to be expanded.
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Hard disk manufacturer and data storage company Western Digital will invest RM2.3 billion to increase the company’s facilities and production capacity in Malaysia, said Prime Minister Tan Sri Muhyiddin Yassin.
In total, the business has pumped in around RM18 billion’s worth of investments in the country.
In a statement released by the Prime Minister’s Office, he said that this is an indication of the government’s ability to manage the economy and investor confidence in the administration and stability of the country while the world is still facing Covid-19.
Western Digital group’s commitment reflects the high confidence that the international investors have towards the government to further invest and expand their operations in Malaysia.
Tan Sri Muhyiddin Yassin via Twitter
The investment will be used for expanding the facility and capacity of their factories in Penang and Sarawak.
In 2019, the export value of Western Digital Malaysia reached RM18 billion.
Muhyiddin also encouraged more companies to invest in high impact and technology based industries in the country.
The government through the Ministry of Industry and International Trade (MITI), Malaysian Investment Development Authority (MIDA) and related government agencies will always be committed to bring in more investment and convince investors to make additional investments in the country.
Tan Sri Muhyiddin Yassin via Twitter
Kenyataan Media Pejabat Perdana Menteri. pic.twitter.com/n2iOjbFI4N
— Muhyiddin Yassin (@MuhyiddinYassin) November 5, 2020
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