Score attracts over RM7bil FDI in first seven months


Press Metal plans to outsource its plant maintenance service.

KUCHING: The Sarawak Corridor of Renewable Energy (Score), which has maintained its momentum in drawing big investments in energy-related industries, has secured approved foreign direct investment (FDI) of more than RM7bil in the first seven months of this year.

Malaysian Investment Development Authority (Mida) deputy chief executive officer II Datuk N. Rajendran said 96% of the total approved investment of RM7.74bil in 12 projects for Sarawak during the January-July period went to Score. The FDI, he said, amounted to RM7.45bil or 96% of total investment.

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Business , SCORE , Mida , investments

   

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