New investments expected to create over 51,000 jobs
PETALING JAYA: Malaysia continues to be a competitive manufacturing location for foreign investors despite the global economic uncertainty caused by the coronavirus (Covid-19) pandemic.
The Malaysian Investment Development Authority (Mida) said in the first nine months of 2020, a total of 740 projects worth RM65.3bil were approved, compared with RM56bil for 669 projects in the corresponding period of 2019, representing an increase of 16.6% in capital investments from both local and overseas companies.
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