KUALA LUMPUR: Malaysia aims to attract investments worth RM56bil in the manufacturing sector in 2015, a modest target compared with the RM71.9bil it received last year.
Minister of International Trade and Industry Minister Datuk Seri Mustapa Mohamed said the manufacturing sector has remained attractive to investors, with approved investments in the sector surging by 38% to RM71.9bil in 2014 compared with RM52.1bil in 2013.
For the services sector, excluding real estate, the government expects to attract RM64.5bil in investments this year, the minister said after revealing the country’s Investment Performance Report 2014 here today.
Despite a challenging external environment this year, Mustapa said he still expects a moderate outlook for the investment climate in Malaysia.
He said currently there are RM65.1bil worth of on-going projects –RM51.4bil in the manufacturing sector and RM13.7bil in the services sector.
Malaysian Investment Development Authority (MIDA) Chief Executive Officer Datuk Azman Mahmud said the agency will continue to focus on an ecosystem approach to lure investments in the targeted industries.
This includes strengthening the coordination of investment promotion activities, enhancing facilitation of approved investments, and improving the compilation and dissemination of investment statistics.
MIDA is an agency under MITI that overseas and drives investments in the manufacturing and services sectors.
Azman said the government, on its part, will continue to introduce various measures and incentives to enhance Malaysia’s competitiveness. - Bernama
Minister of International Trade and Industry Minister Datuk Seri Mustapa Mohamed said the manufacturing sector has remained attractive to investors, with approved investments in the sector surging by 38% to RM71.9bil in 2014 compared with RM52.1bil in 2013.
For the services sector, excluding real estate, the government expects to attract RM64.5bil in investments this year, the minister said after revealing the country’s Investment Performance Report 2014 here today.
Despite a challenging external environment this year, Mustapa said he still expects a moderate outlook for the investment climate in Malaysia.
He said currently there are RM65.1bil worth of on-going projects –RM51.4bil in the manufacturing sector and RM13.7bil in the services sector.
Malaysian Investment Development Authority (MIDA) Chief Executive Officer Datuk Azman Mahmud said the agency will continue to focus on an ecosystem approach to lure investments in the targeted industries.
This includes strengthening the coordination of investment promotion activities, enhancing facilitation of approved investments, and improving the compilation and dissemination of investment statistics.
MIDA is an agency under MITI that overseas and drives investments in the manufacturing and services sectors.
Azman said the government, on its part, will continue to introduce various measures and incentives to enhance Malaysia’s competitiveness. - Bernama