KUALA LUMPUR: A total of 2,688 investment projects in the manufacturing sector have been realised with a value of RM318.5 billion for the period 2023 to March 2026, according to the Ministry of Investment, Trade and Industry (MITI).
The ministry explained that of the total, the value of domestic investments was RM63.3 billion (19.9 percent) while foreign investments amounted to RM255.2 billion (80.1 percent), with the implementation of the project having created 210,546 job opportunities.
“The MADANI government, through MITI and MIDA (Malaysian Investment Development Authority), is always committed to ensuring that approved investments can be realised at a high rate and within a reasonable period of time.
“This will contribute to economic spillover effects, including business opportunities and the creation of highly skilled jobs for the people,” added MITI in a written response to the Dewan Rakyat posted on the Parliament website on Tuesday.
MITI informed that for investments that are realised, approved projects typically take between 18 to 24 months to implement, subject to the complexity and scale of the project as well as the current economic situation.
The five states that recorded the highest realized investment value, namely Penang, Kedah, Selangor, Johor and Negeri Sembilan, represented 84.3 percent of the total realized investments for the period 2023 to March 2026, the ministry explained.
According to MITI, a total of 3,847 investment projects worth RM427.9 billion have been approved for the period 2023 to March 2026, with investments in the manufacturing sector expected to create 302,058 new job opportunities.
Of the total investments, the value of domestic investments amounted to RM93.9 billion (21.9 percent), while foreign investments amounted to RM334.0 billion (78.1 percent), he added.
The five states that recorded the highest investment approvals for the manufacturing sector were Penang, Kedah, Selangor, Johor and Negeri Sembilan, which contributed 81 percent of the total.
MITI stated this in response to a question from Datuk Seri Dr Ronald Kiandee (PN-Beluran) regarding domestic investments and foreign direct investments approved since 2023 that have been realised, including the value of investments, the actual number of jobs created, and their performance by state.
Meanwhile, in response to a question from Datuk Seri Hamzah Zainudin (PN-Larut) regarding the government’s efforts to attract world-class technology and industrial companies to invest in Malaysia, MITI explained that its party, together with the agency, MIDA, is always implementing various strategic efforts to attract world-class technology and industrial companies.
Among them are through targeted Trade and Investment Missions (TIMs), implementing the “Strike Force” approach and Special Project Missions, and offering incentives based on results, the ministry added.
MITI informed that, in addition to efforts to attract new investments, the government is also focusing on investment facilitation aspects throughout the ‘investor journey’, starting from the pre-investment phase to implementation and post-investment to ensure that world-class technology and industrial companies receive the support they need.
“Moving forward, the government will continue to strengthen Malaysia’s attractiveness as a regional investment hub through consistent policies, a competitive industrial ecosystem, efficient investment facilitation, and talent and technology development.
“This approach is believed to continue to attract world-class technology and industrial companies to invest, grow and make Malaysia a strategic base of operations in the region,” said MITI.
— BERNAMA
