Khazanah Nasional's Strategic Global Expansion: Partnering with Giants

Khazanah Nasional, Malaysia's sovereign wealth fund, is strengthening alliances with the U.S. and China to enhance global investments and technology access. The fund seeks partnerships with American and Chinese firms while positioning Malaysia as a regional hub for semiconductors and rare earths, amid a landscape of significant economic evolution.

Khazanah Nasional, Malaysia's sovereign wealth fund, is strategically fostering partnerships with both the United States and China to leverage the superpowers' significant influence on global economic trends and technological advancement. The move is part of the fund's effort to drive growth and innovation through these alliances, its chief investment officer revealed this Thursday.

Khazanah is not only focusing on financial investments but is actively seeking collaborations with technology-focused companies in the U.S. and China. These partnerships aim to bring advanced research and development insights to Malaysian entrepreneurs. At the Milken Institute Asia Summit 2025, the significance of Chinese and U.S. investments in Malaysia, especially in technology and data centers, was highlighted.

Malaysia is poised to become a hub for the semiconductor and automotive industries, fueled by critical minerals like rare earths. Khazanah's investment strategy includes expanding its international portfolio in diverse sectors. Despite ongoing discussions, the fund remains cautious about premature disclosures regarding collaborations such as the proposed rare earth refinery with a Chinese firm.

(With inputs from agencies.)