Malaysia Presents USD35 Billion Opportunity to Invest
The Standard Chartered SDG Investment Map – Opportunity2030 reveals an almost USD10 trillion (USD9.668 trillion) opportunity for private-sector investors across all emerging markets to help achieve the UN’s Sustainable Development Goals (SDGs), with Malaysia representing USD35 billion of that total.
In Malaysia, the greatest SDG opportunity is found in SDG 9, which encourages improvement in industry, innovation and infrastructure. Opportunity2030 finds that to significantly improve Malaysia’s transport infrastructure by 2030, an estimated USD73.7 billion is required, with an opportunity for the private sector to provide USD25.8 billion of the funding. This need represents 71 per cent of the overall investment opportunity for Malaysia.
The second-largest opportunity for private sector investors is in improving Malaysia’s digital adoption levels, also an indicator of SDG 9. Securing full digital adoption in Malaysia – a combination of mobile phone subscription rates and internet connectivity – would require private-sector investment of around USD8.8bn.
Malaysia already has universal access to power so the investment opportunity to achieve this is not included in the country’s total investment opportunity figure. However, with a growing economy, there will be an additional need for continual investment in affordable and clean energy to maintain access in a sustainable way.
Malaysia set to Become a High-Income Country by 2024
Abrar A. Anwar, Managing Director and Chief Executive Officer of Standard Chartered Malaysia says “As a relatively advanced economy with strong growth prospects, Malaysia is as an attractive place for investors. The government is committed to the UN Sustainable Development Goals through their Shared Prosperity Vision 2030 and has spoken of its emphasis on private-sector participation in order to achieve the SDGs.”
Opportunity2030: The Standard Chartered SDG Investment Map is a macroeconomic study that draws on global data sources and indicative private-sector participation rates to provide companies, institutional investors and other stakeholders with an overview of where their investments could have the greatest impact. It spans 15 of the world’s fastest-growing economies and estimates the potential private-sector investment opportunity to contribute to three of the most investment-ready SDGs (6,7 and 9). Within these SDGs, it focuses on four indicators:
- water and sanitation services;
- telecoms (digital access);
- transport infrastructure.