Malaysia wants to leverage its location to become an energy and chip manufacturing hub this year, riding a recent jump in investments and a favourable outlook for the domestic economy, its premier and economic minister said on Thursday.

Anwar Ibrahim says that his country’s “neutrality and openness for partnership” make it a “natural hub” for high-tech manufacturing.

PM Anwar Ibrahim envisions Malaysia as a hub for electricity, talent, and supply chain diversification, emphasising oil and gas and semiconductor expertise.

Malaysia wants to optimise its location and become a conduit for diversification of energy and supply chains this year, aiming to become a leader in the semiconductors industry and Islamic finance, its premier said on Thursday.