KUALA LUMPUR, December 20 – Malaysia recorded RM254.7 billion in approved investments across the services, manufacturing, and primary sectors for the first nine months of 2024 (9M2024), reflecting a 10.7% year-on-year growth. This robust performance encompasses 4,753 projects and is set to generate 159,347 new jobs—a 75.9% increase in job creation compared to the same period last year.
Domestic investments led with RM148.0 billion (58.1%), while foreign investments contributed RM106.7 billion (41.9%). The services sector was the top contributor at RM160.7 billion, followed by manufacturing at RM88.8 billion, showcasing Malaysia’s sustained economic momentum. Minister of Investment, Trade, and Industry, Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, attributed this success to Malaysia’s policy consistency and investor-friendly environment. “
The RM254.7 billion in investments, alongside the creation of over 159,000 jobs, underscores our strategic frameworks for sustainable growth. As we work towards becoming a top 30 global economy by 2033, we remain committed to fostering an inclusive, innovation-driven ecosystem,” he said. High-performing states included Selangor (RM66.8 billion), Kuala Lumpur (RM63.9 billion), and Kedah (RM34.0 billion), with major contributions from Germany, China, and the United States.
The National Investment Aspirations (NIA) sectors secured RM119.9 billion, fueling transformative growth through high-impact projects. The manufacturing sector recorded RM88.8 billion, with the electrical and electronics industry dominating at RM47.0 billion, in alignment with the National Semiconductor Strategy. The services sector attracted RM160.7 billion, led by Information and Communications Technology (ICT) investments at RM71.1 billion.
With over 84% of manufacturing projects approved since 2021 implemented, Malaysia continues to strengthen its position as a global investment destination, combining innovation, sustainability, and regional equity.
