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aws试用账号(www.2km.me)_Malaysia's approved investment surges 51.5% to RM177.8bil in Jan-Sept 2021

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KUALA LUMPUR: Malaysia registered a stellar approved investment growth of 51.5 per cent year-on-year to RM177.8 billion, involving 3,037 projects, in the period of January-September 2021 (9M2021).

Senior Minister cum International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali said the approved investments, comprising the manufacturing, services and primary sectors, are expected to generate 79,899 jobs in the country.

"The country’s stellar performance is indeed a testament to investors’ strong confidence in Malaysia as a preferred investment hub, particularly our conducive business ecosystem in providing high-skilled talents and having strong readiness in advanced technology.

"This, in turn, further bolsters our role as a prominent site in global companies’ manufacturing networks, enhancing Malaysia’s position as a pioneering, renowned investment destination in the region,” he said in a statement issued by the Malaysian Investment Development Authority (MIDA) today.

Mohamed Azmin said the manufacturing sector account for 58.4 per cent (RM103.9 billion) of total investments, followed by the services sector at 32.5 per cent (RM57.8 billion) and the primary sector at 9.1 per cent (RM16.1 billion).

Foreign direct investments (FDIs) account for nearly 60 per cent of the approved investments at RM106.1 billion, with Singapore, China, Austria, Japan and the Netherlands being the top five FDI countries, accounting for nearly 85.3 per cent or RM90.6 billion of the total numbers.

While FDIs lead the approved investments in the manufacturing sector investments, investments by local companies dominated in the services and primary sectors.

During the nine-month period, domestic direct investments (DDI) totalled RM71.7 billion or 40.3 per cent of the total approved investments.

Kedah, Sarawak, Kuala Lumpur, Selangor and Pahang contributed RM134.8 billion or 75.8 per cent to the total approved investments in various sectors, he said.

He said a total of 522 manufacturing projects worth RM103.9 billion were approved in 9M2021 -- a 60 per cent jump compared to RM64.8 billion in 9M2020.

"FDIs drove the strong performance of the manufacturing sector during the period, soaring by 133.5 per cent compared to the same period in 2020, accounting for 88.3 per cent or RM91.7 billion of the approved investments within the sector.

"The remaining RM12.2 billion (11.7 per cent) of approved investments in the manufacturing sector were from domestic sources,’’ he noted.

About 96.8 per cent of the total approved investments for the sector comprised of electrical and electronics (E&E) (RM64.3 billion), fabricated metal products (RM14.0 billion), rubber products (RM5.4 billion), basic metal products (RM5.2 billion), food manufacturing (RM4.6 billion), chemicals and chemical products (RM4.1 billion), scientific and measuring equipment (RM2.1 billion) and transport equipment (RM980.8 million).

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