Malaysia locks in RM42.8bil approved investments

“Malaysia remains an attractive investment destination for global investors with the manufacturing sector maintaining its position as a key pillar of the economy for 2022, generating significant multiplier effects on the nation’s growth,” said senior minister and International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali.

KUALA LUMPUR: Malaysia has attracted a total of RM42.8bil approved investments in the manufacturing, services and primary sectors, involving 910 projects in the first quarter of 2022 (1Q22).

“The foreign direct investments (FDI) remained the major contributor at 65% or RM27.8bil, while investments from domestic sources contributed 35% amounting to RM15bil,” the Malaysian Investment Development Authority has said.