Google’s investment in Malaysia to have positive economic ripple effect across sectors, says economist

KUALA LUMPUR, May 30 — Technology giant Google’s commitment to invest US$2 billion (RM9.4 billion) in Malaysia is set to create a positive economic ripple effect across...

Najib told MACC of millions of ringgit kept as contingency after GE13 to prevent Sept 2008 Pakatan Rakyat takeover repeat, witness says in 1MDB trial Google ’s commitment to invest US$2 billion in Malaysia is set to create a positive economic ripple effect across various sectors and industries in the country.

“At the same time, our energy and telecommunications sectors will see an economic spillover effect as the data centre would need a large amount of energy supply.“The construction and real estate sectors will also benefit from the development of infrastructure and the surrounding area in the future,” he said during BernamaTV’s Malaysia Petang Ini show today.

Google said its investment is estimated to support more than US$3.2 billion in positive economic impact and 26,500 jobs by 2030.This investment is expected to attract other global giants to invest in Malaysia, as previous investments by Google have sparked interest from other major companies, said Nuradli Ridzwan Shah.

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