Anwar's Visit And Investment Promotion Mission Generate RM82.6 Bln In Potential Investments – MITI
KUALA LUMPUR, Oct 23 (Bernama) -- A total of eleven Trade and Investment Missions (TIM), including six official visits led by Prime Minister Datuk Seri Anwar Ibrahim from January to September 2024, have resulted in potential investments totalling RM82.6 billion.
The Ministry of Investment, Trade and Industry (MITI) said that of this amount, RM30.9 billion (37.41 per cent) in investment value has been approved, while RM26.8 billion (32.45 per cent) is expected to be finalised this year.
"An investment value of RM30.4 billion (36.80 per cent) is projected to be finalised between 2025 and 2027," the ministry said in a written response on the Malaysian Parliament website today.
MITI was replying to a query from Datuk Muhammad Bakhtiar Wan Chik (PH-Balik Pulau), who sought clarification on the value and status of foreign investments realised compared with the announced figures following the Prime Minister’s foreign visits.
Countries visited during the period include Germany, France, Italy, Australia, Saudi Arabia, the United Arab Emirates, Qatar, Japan, India, Singapore and Thailand.
MITI stated that it maintains close monitoring and engages in strategic discussions with investors, as large investments require time to materialise and involve complex processes.
“This follow-up process is critical to ensuring that every investment commitment is realised within an optimal timeframe,” the ministry said.
In 2023, MITI, together with the Malaysian Investment Development Board (MIDA), conducted 12 TIMs, including eight official visits led by the Prime Minister to countries such as Japan, the United States, Italy and Singapore.
These missions resulted in potential investments totalling RM353.6 billion.
Of this amount, RM32.8 billion (9.28 per cent) in investments has been approved, expected to create over 6,400 job opportunities.
"An investment of RM29 billion (8.20 per cent) is expected to be finalised in 2024, while RM289.4 billion (81.84 per cent) is targeted for finalisation between 2025 and 2027," the ministry added.
-- BERNAMA