Malaysia stands ready to align its policies to match new demands and ever-evolving industries in a multi-pronged approach to attract high-value investments.

For instance, the country is now talking about assessing the entire policy on water conservation, Prime Minister Anwar Ibrahim said, citing the high demand for water by data centres.

“We have never encountered such a high demand for water except now by these data centres. I don’t know what they do with it, but they have been asking for more water, more energy...