KL20 Summit 2024 to attract high-quality investments

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Kuala Lumpur: The KL20 Summit 2024 is strategically designed to introduce significant reforms, aimed at attracting high-quality, high-value investments from across the globe, while concurrently empowering local entrepreneurs to go global and seize emerging opportunities.

Prime Minister Datuk Seri Anwar Ibrahim noted that Malaysia ’s stable government and good governance, pro-trade legacy and neutral stance meet the demands of trading partners at a polarising time.Anwar, who is also Finance Minister, said the summit marks a comprehensive effort to catalyse the technology ecosystem.

He said technology has been a societal equaliser and productivity booster, providing jobs and livelihoods that did not exist previously.“While we acknowledge the unintended consequences of technology and unbridled growth of ventures, we once again see a synthesised position in the middle: embrace technology while upholding the duty to our country, environment, and the global community,” he added.

As for the semiconductors sector, he said Malaysia’s substantial hold on the backend has made it conducive to pursue high-value front-end work, chiefly in the integrated circuit design category. “Additionally, to make Malaysia a true gateway to major economies, we will also witness the city-to-city connection between Kuala Lumpur and Hangzhou so that the capital, talent, and market access will no longer be a barrier to success,” said Anwar.

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