KUALA LUMPUR, March 12 – Malaysia recorded an all-time high of RM378.5 billion in approved investments for 2024, reflecting a 14.9% year-on-year growth. Spanning across the services (RM252.7 billion), manufacturing (RM120.5 billion), and primary (RM5.3 billion) sectors, these investments will create over 207,000 new jobs, further strengthening the nation’s economic resilience.
The services sector led the approvals with a significant 66.8% share, while the manufacturing sector attracted substantial foreign investments totaling RM88.9 billion (73.8%). The top five foreign investment sources included the United States (RM32.8 billion), Germany (RM32.2 billion), and China (RM28.2 billion). Despite global economic challenges, Malaysia remains a preferred investment destination, with Selangor, Kuala Lumpur, Johor, Kedah, and Penang emerging as the top five states attracting the highest approved investments.
Minister of Investment, Trade, and Industry, YB Senator Tengku Datuk Seri Utama Zafrul Aziz, emphasized that these investments will drive Malaysia’s transition into high-value industries, enhance supply chain resilience, and create better-paying jobs. With a strong pipeline of future investments and government-led facilitation efforts, Malaysia is set to maintain its upward trajectory in economic growth and industrial innovation.
