KUALA LUMPUR: The approved direct investments in the services, manufacturing and primary sectors in the first half of 2016 (H1 2016) totalled RM88.4bil.
In a statement on Thursday, the Malaysian Investment Development Authority (Mida) said this was slightly lower compared to RM125.9bil in the same period last year.
“The investments approved in the first half were in 2,499 projects, and are expected to generate over 76,000 jobs,” it said.
Mida said the better investment performance in H1 2015 was mainly due to two big petrochemical projects approved in the manufacturing sector during the same period last year -- Pengerang project in Johor and LNG9 project in Sarawak.
International Trade and Industry Minister Datuk Seri Mustapa Mohamed said Malaysia continued to attract foreign direct investments (FDIs).
“A total of RM28.2bil of FDIs was approved in H1 2016. Our approved foreign investments for H1 2016 have already reached 78.2% of the total foreign investments approved for the whole of last year,” he said.
Mida said the services sector continued to account for the largest share of total investments, contributing RM67.5bil (76.3%), manufacturing sector, with investments of RM19.6bil (22.2%) and the primary sector RM1.3bil (1.5%). - Bernama
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