Foreign investors must prioritise local workforce development, says deputy PM

Deputy Prime Minister Fadillah Yusof has emphasized that foreign investors operating in Malaysia must demonstrate commitment to developing the local workforce alongside technology transfer and capital injection. Speaking on the priorities for attracting quality foreign investment, Fadillah outlined three key requirements that should guide investor strategies in the country. These include meaningful technology transfer to Malaysian enterprises, active development of domestic supplier networks, and comprehensive skills training programmes for local workers. The government's stance reflects a broader policy shift toward ensuring that foreign direct investment delivers tangible benefits to Malaysia's economy beyond immediate financial returns. By focusing on workforce development, foreign companies can help build a more competitive and skilled labour force while strengthening Malaysia's industrial base. Fadillah's comments underscore the administration's commitment to maximizing the long-term benefits of foreign investment through strategic conditions that promote sustainable economic growth and local capability building.