RM3.25bil in potential FDI from Italy


Italian companies have expressed interest to invest in various fields, including the chemical industry, green technologies, e-Economy, smart technologies and Industrial Revolution 4.0 value chains.

PETALING JAYA: The recent ministerial delegation to Italy, led by International Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz from Jan 20-23, 2023, has attracted potential foreign direct investment (FDI) worth RM3.25bil.

In a statement, the Malaysian Investment Development Authority said the FDI, which is expected to be realised from 2023 onwards, was due to Malaysia’s strategic location as a gateway to Asean and the Asia-Pacific region.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Mida , FDI , Italy , Miti

Next In Business News

PETRONAS seals LNG supply deal with CNOOC
SIB disposes of Seremban land for RM25mil
Utility contracts set to drive Steel Hawk earnings
Nexgram focuses on core operations
Perak Transit eyes growth from terminal expansion
Borneo Oil’s associate seeks Nasdaq listing
Nam Cheong nets US$20.5mil in vessel sale
Trive Property to bank on its rental income
Fruit and vegetable exports rebound
Consumer sector posts ESG compliance gains

Others Also Read