Shell to Invest Over RM9 Billion in Malaysia, Says PM Anwar

Global energy giant Shell is set to increase its investment in Malaysia by more than RM9 billion over the next two to three years, a move expected to generate high-skilled job opportunities, according to Prime Minister Datuk Seri Anwar Ibrahim.

Anwar, who also serves as Finance Minister, shared that the investment plan was presented by Shell’s Global CEO, Wael Sawan, during a meeting held today.

“This investment reflects the confidence of foreign investors in our pragmatic economic policies and strong leadership. Malaysia will continue to chart a prosperous and competitive future, insya-Allah (God willing),” Anwar said in a post on X (formerly Twitter).

He emphasized that Shell has been a longstanding investment partner and a key contributor to Malaysia’s economic development, beyond its global role in the energy sector.

“I took the opportunity to outline the MADANI Government’s strategic vision to position Malaysia as a stable, sustainable, and resilient investment hub — not just for today, but for future generations,” said Anwar, adding that Sawan had expressed confidence in the nation’s direction.

Earlier, Sawan highlighted that the demand for liquefied natural gas (LNG) in Southeast Asia — particularly in Malaysia, Brunei, the Philippines, and Thailand — is expected to grow steadily through 2035.

He added that in light of global geopolitical uncertainties, the increasing energy needs driven by the rapid expansion of data centers and artificial intelligence could be reliably met with LNG.

Shell’s latest investment is seen as a significant boost to Malaysia’s energy landscape and economic trajectory, reinforcing the country’s appeal as a key player in the regional energy market.