KUALA LUMPUR, June 29 – Malaysia attracted RM83.7 billion in approved investments in Q1 2024, a 13% increase from the same period last year, creating 29,027 new jobs. The investments span manufacturing (RM43.0 billion), services (RM39.3 billion), and primary sectors (RM1.4 billion), with significant contributions from foreign investments (RM47.0 billion) and domestic investments (RM36.7 billion). Key foreign investors included Austria, Singapore, and The Netherlands, with notable investments in Kedah, Kuala Lumpur, and Selangor.
The manufacturing sector saw a substantial rise, recording RM43.0 billion in investments, a 174.9% increase from Q1 2023, driven by significant projects such as Infineon Technologies’ RM30.1 billion expansion in Kulim. The services sector garnered RM39.3 billion, led by investments in information and communications. Minister of Investment, Trade, and Industry, YB Senator Tengku Datuk Seri Utama Zafrul Aziz, highlighted the importance of these investments in enhancing economic complexity and creating high-value jobs, setting the stage for Malaysia’s future growth.
