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...
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