It is good to have that dream and go for it. But spending 200-300 mil USD per year for development and not yet includes salaries, others that might come to more than 300mil USD per year, can Malaysia bear for it?
Remember Minardi? Our Alex normally ended with last group of finisher. I remember my housemate called it: sweeping the stones in order to clear the track for other big cars. As last time, during the Qualifying day, the slower cars normally come out 1st for time qualifying as during that time, 4 time qualifying round is allowed.
We do not want Malaysia to end the season with last group finisher. Unless they can find a good combination of drivers and car (not only engine).
Anyway, it always to have own Malaysia Team like India, etc.