Malaysia’s Prime Minister, Anwar Ibrahim, has announced that he will be meeting with Elon Musk, the CEO of Tesla and owner of Twitter, to discuss Musk’s potential investment in Malaysia. Anwar revealed this during a speech at an event with civil servants, stating that Musk had expressed interest in increasing his investments in the Southeast Asian nation. The meeting is scheduled to take place next week, although no further details were provided.
In March, Malaysia’s Trade Ministry confirmed that it had approved Tesla’s application to import battery-run electric vehicles (EVs) into the country. The ministry further stated that Tesla would establish an office, showrooms, service centers, and a network of charging stations for its cars in Malaysia, but the timeline for these developments was not disclosed. As of now, Tesla has not responded to requests for comments regarding the potential meeting and investment discussions.
Apart from his meeting with Elon Musk, Anwar Ibrahim also mentioned that he recently met with Saudi Aramco during a conference held in late June. At the conference, the Saudi state oil company expressed its commitment to increasing investments in the state of Johor. It’s worth noting that Malaysia’s national oil company, Petronas, and Saudi Aramco jointly own a refinery-petrochemical complex in Pengerang, Johor.
The discussions between Anwar Ibrahim and both Elon Musk and Saudi Aramco highlight Malaysia’s efforts to attract foreign investment and strengthen economic partnerships. The country has been actively promoting its potential as a hub for electric vehicles and sustainable technologies, and securing Tesla’s increased investment would be a significant step forward in this direction. Similarly, expanding Saudi Aramco’s investments in Johor would further strengthen the economic ties between Malaysia and Saudi Arabia.
As Malaysia continues to pursue opportunities for economic growth and diversification, these potential investments from prominent international companies signal confidence in the country’s business environment and its potential as a key player in the global economy. The outcomes of the upcoming meetings with Elon Musk and Saudi Aramco will be closely watched by both government officials and business communities in Malaysia.