Prime Minister Anwar Ibrahim, who is also the finance minister, said the agreement was reached through a meeting with the company’s leadership team led by Fortescue executive chairman and founder Andrew Forrest on the sidelines of the World Economic Forum (WEF) Annual Summit 2025 in Davos.

“The Sarawak government has agreed in principle, and I have guaranteed several incentives and support so that Bintulu will become a hub,” he said at the closing press conference in conjunction with his working visit to WEF 2025, Bernama reported.

On Tuesday, Anwar led a Malaysian delegation to attend face-to-face business meetings organised by the investment, trade and industry ministry with corporate leaders representing Fortescue, AstraZeneca, DP World, Medtronics, Nestle and Google.

Anwar said the federal government would also lend its full support to the large port company from Dubai, DP World, for its project in Sepanggar, Sabah.

He said chief minister Hajiji Noor and the Sabah government will also provide full support.

Anwar added that Google would continue implementing its data centre in Selangor.

Furthermore, he said issues related to artificial intelligence, including in the fields of medicine and education, were also discussed in the meetings with global companies.

Anwar was accompanied by investment, trade and industry minister Tengku Zafrul Aziz, higher education minister Zambry Abdul Kadir and digital minister Gobind Singh Deo.