The six firms that have pledged to make the investments include Khazanah Nasional Bhd., Permodalan Nasional Bhd., Kumpulan Wang Persaraan Diperbadankan and the Employees Provident Fund, the ministry added.
Malaysia is setting up a programme to tap state-linked funds to make 120 billion ringgit ($35.39 billion) in direct investments locally in the next five years to “catalyse growth in key economic sectors”, the Ministry of Finance said.
The funds, managing a combined 1.8 trillion ringgit in assets, will put money into industries such as energy transition and advanced manufacturing in the semiconductor space, the ministry said in a statement on Thursday.
