This 46th ASEAN Summit, Malaysia not only wants to be the honorable host of ASEAN 2025 but also aims to become the investment focus of Southeast Asia with a potential of RM300 billion in foreign direct investment (FDI)!
The summit, which has already opened today (Friday), began with a meeting of senior officials in Kuala Lumpur, which is expected to trigger a major surge in the country's economy with a projected influx of foreign investment within five years!
According to Juwai IQI, – a global company in the field of real estate and property technology – this meeting of regional leaders is also capable of boosting Malaysia's trade volume to RM3.869 trillion by 2027, as a result of various strategic agreements that will be signed.
CEO of Juwai IQI, Kashif Ansari stated that ASEAN is now showing a stronger unity in facing global challenges, and Malaysia has the potential to be among the biggest beneficiaries of regional cooperation.
Not to be outdone, Kashif also linked the Johor-Singapore Special Economic Zone collaboration that will begin in 2025 which he said has vast potential in contributing at least RM110.9 billion annually to the national economy, as well as creating 20,000 skilled jobs.
The property market is also expected to boom, with at least RM15 billion in new investments generated through industrial parks, logistics hubs and housing developments.
From boardrooms to investment sites, a new era for Malaysia's economy may just be beginning!
