Govt Approves RM489.5 Bln In Investments From 2023 To June 2024 - MITI
KUALA LUMPUR, Dec 3 (Bernama) -- The government has approved a total of RM489.5 billion in investments in the manufacturing, services, and primary sectors from 2023 to June 2024, according to Deputy Minister of Investment, Trade and Industry Liew Chin Tong.
He said that out of the total, RM262.9 billion, or 53.7 per cent comprised foreign investment, while RM226.5 billion of domestic investment.
"Penang attracted the highest foreign investment at RM65.97 billion, followed by Kedah (RM54.90 billion), Kuala Lumpur (RM43.79 billion), Johor (RM38.97 billion), and Selangor (RM29.89 billion)," he said.
The ministry was replying to a question Chong Chieng Jen (PH-Stampin) posed regarding the amount of approved foreign direct investment so far and its details by the state in the Dewan Rakyat today.
Through the Ministry of Investment, Trade and Industry (MITI) and the Malaysian Investment Development Authority, Liew emphasised that the government continues to intensify efforts to attract high-quality investments to benefit the country and the people via economic activities, business opportunities, and high-value jobs.
-- BERNAMA