Malaysia PM says Shell to boost its investments in country by $2 billion

KUALA LUMPUR (Reuters) -Malaysian Prime Minister Anwar Ibrahim said on Tuesday that Shell has committed to increasing its investments in Malaysia by 9 billion ringgit ($2.12 billion) over the next two to three years.

The boost in Shell’s investments will create high-skilled job opportunities for Malaysians, Anwar said in a Facebook post following a meeting with Shell CEO Wael Sawan.

He did not provide further details. 

“This decision stands as a resounding vote of confidence from a world-class investor in our sound economic policies, clarity in our leadership, and promise in our future,” Anwar said. 

Shell did not immediately respond to a request for comment. 

($1 = 4.2430 ringgit)

(Reporting by Danial Azhar; Editing by David Stanway)

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