Prime Minister Christopher Luxon’s visit to Malaysia this week has yielded two major foreign investments into New Zealand, with Malaysian conglomerates Yinson Renewables and YTL Corporation confirming significant commitments in renewable energy and tourism infrastructure.
Yinson Renewables, headquartered in Malaysia, announced plans to invest in a portfolio of wind energy projects in New Zealand with an expected total capacity of around 1 gigawatt. The company has been developing its New Zealand pipeline for the past four years, supported by Invest New Zealand, the Government’s investment attraction agency. “This investment shows the message that New Zealand is open for business is being heard,” said Luxon.
In a separate deal, YTL Corporation’s hotel arm confirmed the $160 million acquisition of the 225-room Hotel Indigo in Auckland — its first hotel investment in New Zealand and the second-largest hotel transaction in the country this year. Luxon said the investment reflected YTL’s long-term confidence in New Zealand’s tourism and hospitality sector. Both deals have been approved by the Overseas Investment Office.
The announcements came as the Prime Minister concluded a three-day visit to Malaysia focused on trade, regional security and strengthening diplomatic ties. During his trip Luxon attended the 50th anniversary ASEAN-New Zealand Commemorative Summit, where a Comprehensive Strategic Partnership was established, and met with Malaysian Prime Minister Dato’ Seri Anwar Ibrahim alongside other Southeast Asian leaders.
“As well as witnessing the signing of these investment deals that will help us build infrastructure, grow businesses, and put more money in Kiwis’ pockets, we also agreed a halal arrangement with Malaysia to boost our exports,” Luxon said.
The Prime Minister has now travelled to the Republic of Korea for the APEC summit, continuing New Zealand’s diplomatic engagement across the Indo-Pacific region.
Doing the business here in Kuala Lumpur. pic.twitter.com/iWxEA6FK35
— Christopher Luxon (@chrisluxonmp) October 28, 2025
“Announced plans to invest in a portfolio of (heavily subsidized) wind energy projects in New Zealand” (on good food producing land)
Luxon is an evangelical climate idiot that is following hard in Ardern’s footsteps.
Luxon is selling out NZ so he can look big.
We need oil and gas exploration and production not green scam nonsense.
Does nz have to go down the road of renewables just to prove they do not work out just like other countries. Luxon you are a dickhead.
Luxon needs a merkin
New Zealand for sale, everything must go! Discount prices! Closing down sale!