RM160 Billion in Investments, up 18% year-on-year for Malaysia
Malaysia has attracted RM160 billion in approved investments across the services, manufacturing, and primary sectors in the first half of 2024, marking an 18% year-on-year increase. This surge was backed by 2,948 investment projects expected to create 79,187 jobs.
Minister of Investment, Trade, and Industry (MITI), Tengku Datuk Seri Zafrul Aziz, highlighted that this strong performance reflects Malaysia’s commitment to a “pro-investment, business-friendly environment” that supports industrial transformation and economic growth.
Investments up
He noted that Malaysia’s strategic initiatives, including the New Industrial Master Plan 2030 and the Green Investment Strategy, have made the country increasingly attractive to global businesses.
Domestic investments accounted for 53.4% of the total, underscoring local businesses’ confidence in Malaysia’s economic policies. Zafrul emphasized that MITI and the Malaysian Investment Development Authority (MIDA) will continue to promote Malaysia as a regional hub to “attract high-quality investments and drive sustainable economic growth.”
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