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Malaysia attracted investments worth RM1.1 tln from 2018-September 2022 — MITI

Malaysia attracted investments worth RM1.1 tln from 2018-September 2022 — MITI

07 Mar 2023

Malaysia has successfully attracted a total investment of RM1.1 trillion from 2018 to September 2022.

In a written answer posted on the Dewan Rakyat portal, the Ministry of International Trade and Industry (MITI) said the approved investment encompasses the manufacturing, service and primary sectors.

The investment involves 22,417 projects and is expected to create 572,081 job opportunities.

“Of the total, 52.3 per cent or RM568.6 billion were foreign direct investments (FDIs),” the ministry said in reply to a question from Datuk Larry Sng (PBM-Julau) who asked about MITI’s focus on attracting quality FDIs.

Meanwhile, in a separate written reply, the Ministry of Economy (MOE) said that Malaysia’s five economic corridor regions had recorded committed investments totalling RM113.33 billion, with realised investments amounting to RM63.22 billion from 2021 to 2022 within the timeframe of the 12th Malaysia Plan.

The ministry said the investments created 214,888 job opportunities and 48,973 entrepreneurial opportunities.

“The government will continue to increase its efforts to encourage regional development plans through better cooperation with both federal and state government agencies.

“This will ensure the effectiveness and function of the authorities in the five regional economic corridors to drive growth through ongoing efforts to attract more quality investments,” it said.

The MoE was responding to a question from Rushan Rusmi (PAS-Padang Serai) on the role of the corridor implementation authorities and their measures in dealing with foreign investors and high-impact projects.

Source: Bernama