KUALA LUMPUR: Malaysia recorded RM164bil in approved investments through 4,599 projects in the manufacturing, services and primary sectors in 2020 with China the top investor, according to the Malaysian Investment Development Authority's (MIDA) data.
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Mida stated that it has identified 240 high-profile foreign investment projects including Fortune 500 companies in the manufacturing and services sectors, with a combined potential investment value of RM81.9bil.
KUALA LUMPUR: Malaysia continues to be the investment destination for high-value manufacturing and global services in Asia, the Malaysian Investment Development Authority (Mida) said.
The country remains an attractive investment destination with a favourable environment including the availability of excellent infrastructure, telecommunication services, financial and banking services, supporting industries, skills and trainable workforce, as well market opportunities offered through the 16 Free Trade Agreements that it has signed.
Mida has refuted a recent report by a Singapore daily regarding foreign investors fleeing Malaysia, saying it is incorrect.
Malaysian Investment Development Authority (Mida).Chief executive officer Datuk Azman Mahmud (pic) said investments approved in the manufacturing sector from January to September 2020 saw an increase of 16.6% in capital investments, up from 3.2% recorded in the corresponding period of 2019.
KUALA LUMPUR: Malaysia continues to be a competitive investment destination despite the global uncertainties, with US$26.4bil investments being approved in the first nine months of 2020, according to the Malaysian Investment Development Authority (Mida).
Chief executive officer Datuk Azman Mahmud said investments approved in the manufacturing sector from January to September 2020 saw an increase of 16.6% in capital investments, up from 3.2% recorded in the corresponding period of 2019.