Azmin said domestic investments has alone made up for RM45 billion or 41.9 per cent of the total approved investments. Overall, the investment will involve 2,110 projects and is expected to generate 44,994 job opportunities in the country.
“The stellar performance also demonstrates that Malaysia’s strategy of positioning the country as an attractive investment destination of choice and a supply chain hub in Asean, particularly for manufacturing operations, is showing positive results.
“FDI drove the strong and vibrant performance of the manufacturing sector during the period, registering RM58.2 billion in approved investments. The remaining RM8.7 billion approved investments in this sector were from domestic sources,’’ he said in a statement today.
Azmin said in terms of total approved investments, Malaysia recorded RM107.5 billion of FDI and domestic direct investments (DDI) in the manufacturing, services and primary sectors, chalking up a massive jump of 69.8 per cent compared to the same period last year.
The investments involved 2,110 projects and are expected to generate 44,994 job opportunities in the country, amidst global economy crisis.