KUALA LUMPUR; Malaysia approved investments of RM160bil (US$36.8 billion) in the first half of 2024, up 18% from the same period a year ago, the Malaysian Investment Development Authority (MIDA) said on Wednesday.
Of that amount, domestic investments accounted for 85.4 billion ringgit, while foreign investments were valued at 74.6 billion ringgit, MIDA said in a statement.
It said the services and manufacturing sectors attracted the bulk of investments. Attracting most funds were the real estate services and information and communications sub-sectors, along with electrical and electronics manufacturing.
Austria was the top source of foreign investments during the January-June period at 30.1 billion ringgit, followed by Singapore at 16.5 billion ringgit, China at 9.8 billion ringgit, and the Netherlands at 4 billion ringgit, MIDA said.
Trade Minister Tengku Datuk Seri Zafrul Abdul Aziz said Malaysia wanted to build on its appeal as a regional manufacturing and services hub to attract high-quality investments. - Bernama
