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Negri will attract at least RM10bil investments in 2024, says MB

Negri will attract at least RM10bil investments in 2024, says MB

13 Mar 2024

Negri Sembilan should be able to match the RM10.1bil in investments it secured last year in 2024, says Datuk Seri Aminuddin Harun.

The state Mentri Besar said his administration had already received queries on potential investments, but he was not yet at liberty to divulge them.

“We have also received many queries from potential investors through Invest NS and are confident we can secure at least RM10bil,” the Port Dickson MP told reporters after chairing the state exco meeting at Wisma Negri on Wednesday (March 13).

He said potential investors could get all the necessary information from Invest NS.

“We will also provide them with technical support and speedy approvals and ensure that all processes are completed quickly and efficiently,” he said.

Invest NS is a state government investment arm entrusted with promoting investment opportunities in Negri.

Last week, Aminuddin said the state government had achieved its 2023 investment target by securing 189 approved projects with a total investment of RM10.1bil, a record achievement.

He said the RM8.9bil secured in 2022 was 13% more than the investments approved by the Malaysian Investment Development Authority for 2023.

Of the total, domestic investments made up RM4.1bil while foreign investments amounted to RM6.0bil.

The manufacturing sector is the largest contributor with RM7.6bil, followed by the services sector at RM2.5bil.

Source: The Star