PETALING JAYA: Up to RM1bil will be allocated for customised packaged investment incentives annually over five years to attract Fortune 500 companies and global unicorns in the high technology, manufacturing, creative and new economic sectors.
To qualify, each company must invest at least RM5bil in Malaysia to generate additional economic activities that will support small and medium Enterprises, create 150,000 high-quality jobs over the next five years, and strengthen the manufacturing and service ecosystems.Finance Minister Lim Guan Eng said that the government would also allocate RM10mil to the Ministry of International Trade and Industry to expedite the approval of investments.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
