KUALA LUMPUR, June 7 – The Indo-Pacific Economic Framework for Prosperity (IPEF) partners, which include Malaysia, said at the inaugural Clean Economy Investor Forum (CEIF) that over US$23 billion of priority infrastructure projects have been identified.
In a statement on Thursday, the Investment, Trade and Industry Ministry said this includes about US$6 billion of ready projects proponents presented to investors.
Its minister Tengku Datuk Seri Zafrul Aziz participated in the IPEF Ministerial Meeting and the inaugural CEIF.
Malaysian investors and project proponents that participated in the forum are Khazanah Nasional Bhd, Petronas, Gentari, NanoMalaysia Bhd (Gigafactory), MTC Orec Sdn Bhd, Faradays Energy Sdn Bhd and Limpahan Engineering Sdn Bhd, the statement said.
The CEIF brings together the region’s top investors, cutting-edge project proponents, innovative start-up entrepreneurs, and senior government officials to mobilise financing to support the deployment of clean energy and climate-friendly technologies and infrastructure in the IPEF region.
The main outcome was the signing of three agreements on the IPEF; Clean Economy, and Fair Economy by participating countries, which were already substantially concluded during the IPEF Ministerial Meeting in San Francisco held on Nov 13-14, 2023, he said.
Tengku Zafrul signed the three agreements on behalf of the Malaysian Government.
Other members of the IPEF trade pact are the United States, Australia, Brunei, India, Indonesia, Japan, New Zealand, the Philippines, Singapore, South Korea, Thailand and Vietnam.
