India’s Eros Investments, through its Immerso AI-IP unit, is set to invest $1 billion in Malaysia to develop a state-of-the-art artificial intelligence park and movie studio, according to a statement from Malaysia’s digital ministry on Thursday.

The ambitious project will include the establishment of an AI university and a data center within the park. This significant investment is anticipated to generate approximately 5,000 jobs over the next five years.

The development marks a major milestone in enhancing Malaysia’s technological and creative industries, positioning it as a key player in the AI and film sectors.