KUALA LUMPUR: The International Trade and Industry Ministry (Miti) and its agency, the Malaysian Investment Development Authority (Mida), are negotiating potential investments worth RM44bil for 466 projects in manufacturing and manufacturing-related services.
Minister Datuk Seri Mustapa Mohamed said that the projects included chemicals and chemical products, electrical and electronics, metal and metal alloy, as well as manufacturing-related services.
“Malaysia remains a competitive investment location and continues to attract manufacturing projects with significant level of investments,” he said in a statement.
Mustapa said despite intense global and regional competition for foreign direct investments (FDIs), Malaysia continued to attract multinational corporations and large companies to establish their regional and global operations in the country.
He said this was reflected by the total 428 manufacturing projects with investments of RM28.3bil approved between January and July.
Mustapa said of the amount, RM18.2bil or 64.3% were foreign investments, while RM10.1bil or 35.7% were domestic capital.
He said the major portion of the approved foreign investments were in electrical and electronics products (RM7.4bil), basic metal products including petrochemicals and petroleum products (RM2.3bil).
He said food manufacturing accounted for RM1.6bil of the foreign investments approved, transport equipment (RM1.1bil), non-metallic mineral products (RM903.1mil), and chemicals and chemical products (RM465.3mil).
Mustapa said the domestic investments were mainly in petroleum products including petrochemicals (RM2.3bil), food manufacturing (RM1.5bil), and chemicals and chemical products (RM1.3bil).
He said the leading sources of investments were the United States (RM5.2bil), South Korea (RM2.7bil), Singapore (RM2.5bil), Japan (RM2.3bil) and the Netherlands (RM2.3bil).
Mustapa said the main investment destination was Johor (RM8.7bil), followed by Sarawak (RM5.6bil), Malacca (RM2.9bil), Sabah (RM2.8bil) and Selangor (RM2.6bil). — Bernama
He said that between January and July, 91 new regional establishments – which included operational headquarters, international procurement centres, regional distribution centres, treasury management centres, representative offices and regional offices – were approved with investments of RM736.3mil.
For other support services, he said 69 projects with investments of RM1.5bil were approved with tax incentives. — Bernama
Minister Datuk Seri Mustapa Mohamed said that the projects included chemicals and chemical products, electrical and electronics, metal and metal alloy, as well as manufacturing-related services.
“Malaysia remains a competitive investment location and continues to attract manufacturing projects with significant level of investments,” he said in a statement.
Mustapa said despite intense global and regional competition for foreign direct investments (FDIs), Malaysia continued to attract multinational corporations and large companies to establish their regional and global operations in the country.
He said this was reflected by the total 428 manufacturing projects with investments of RM28.3bil approved between January and July.
Mustapa said of the amount, RM18.2bil or 64.3% were foreign investments, while RM10.1bil or 35.7% were domestic capital.
He said the major portion of the approved foreign investments were in electrical and electronics products (RM7.4bil), basic metal products including petrochemicals and petroleum products (RM2.3bil).
He said food manufacturing accounted for RM1.6bil of the foreign investments approved, transport equipment (RM1.1bil), non-metallic mineral products (RM903.1mil), and chemicals and chemical products (RM465.3mil).
Mustapa said the domestic investments were mainly in petroleum products including petrochemicals (RM2.3bil), food manufacturing (RM1.5bil), and chemicals and chemical products (RM1.3bil).
He said the leading sources of investments were the United States (RM5.2bil), South Korea (RM2.7bil), Singapore (RM2.5bil), Japan (RM2.3bil) and the Netherlands (RM2.3bil).
Mustapa said the main investment destination was Johor (RM8.7bil), followed by Sarawak (RM5.6bil), Malacca (RM2.9bil), Sabah (RM2.8bil) and Selangor (RM2.6bil). — Bernama
He said that between January and July, 91 new regional establishments – which included operational headquarters, international procurement centres, regional distribution centres, treasury management centres, representative offices and regional offices – were approved with investments of RM736.3mil.
For other support services, he said 69 projects with investments of RM1.5bil were approved with tax incentives. — Bernama