RM61.7m investments approved in services sector in first half

MALACCA: Investments amounting to RM61.7bil in 2,071 projects in the services sector were approved by the Malaysian Investment Development Authority (Mida) in the first half of the year.

Mida deputy chief executive officer Datuk N. Rajendren said domestic investment accounted for RM54.3bil while foreign investments made up the remainder.

“These approved projects are expected to create more than 60,000 employment opportunities and add a new dimension to the economy,” he said at a seminar on “Investment Opportunities in Healthcare, Hospitality and Green Technology” in Malacca on Tuesday.

Rajendren said Malacca attracted RM6.7bil in approved investments in the manufacturing and services sectors in the first half of the year.

“This includes RM483.9mil in the healthcare, hospitality and green technology,” he said.

Under the 11th Malaysia Plan, healthcare, eco-tourism and green technology sectors were among the knowledge intensive and high-value added industries identified as game changers to propel the country to greater heights, Rajendren added. - Bernama