Approved investments at RM164bil in 2020

According to Mida, in 2020, domestic direct investments (DDIs) made up 60.9% (RM99.8bil) of total approved investments, while foreign direct investments (FDIs) made up the remaining RM64.2bil (39.1%).

KUALA LUMPUR: Malaysia recorded RM164bil in approved investments through 4,599 projects in the manufacturing, services and primary sectors in 2020, with China as the top investor, according to the Malaysian Investment Development Authority’s (Mida) data.

Senior Minister and Minister of International Trade and Industry, Datuk Seri Mohamed Azmin Ali, said these investments are expected to create 114,673 new jobs in various sectors of the economy once implemented.