Shell has committed to investing more than RM9 billion in Malaysia over the next two to three years, marking a substantial reinforcement of the country’s economic prospects and investor confidence. The announcement was made by Prime Minister Datuk Seri Anwar Ibrahim following a courtesy meeting with Shell Chief Executive Officer Wael Sawan.
According to the Prime Minister, the investment reflects Shell’s strong endorsement of Malaysia’s economic direction and policy stability. He described the decision as a “resounding vote of confidence” in the government’s governance, leadership clarity and long-term potential.
During the meeting, Anwar outlined Malaysia’s strategic vision of positioning itself as a stable, sustainable and attractive destination for international investment. In response, Sawan reaffirmed Shell’s commitment to deepening its presence in the country, expressing optimism in the nation’s economic direction and highlighting that the planned investment would generate high-skilled employment opportunities for Malaysians.
“Malaysia will continue to chart a course that is prosperous, resilient and worthy of its people’s highest hopes,” Anwar said.
Shell currently operates approximately 950 petrol stations in Malaysia, making it the second-largest player in the domestic fuel retail market after Petroliam Nasional Berhad (Petronas). Beyond its retail operations, Shell is also active in upstream exploration and production, extracting crude oil and natural gas off the coasts of Sabah and Sarawak. Additionally, the company holds joint venture interests in several liquefied natural gas (LNG) projects.
The multibillion-ringgit investment comes at a time when Malaysia is intensifying efforts to attract high-impact foreign direct investment to support economic growth, technology transfer and job creation.
-FMT
