Malaysia recorded RM136.9 billion (US$42.4 billion) in approved investments in the first 9 months of this year, up 26% from RM108.5 billion (US$33.6 billion) in the same period last year. Malaysian Investment Development Authority (MIDA) CEO, Datuk Noharuddin Nordin said the investments were for approved projects i
Malaysia recorded RM136.9 billion (US$42.4 billion) in approved investments in the first 9 months of this year, up 26% from RM108.5 billion (US$33.6 billion) in the same period last year.
Malaysian Investment Development Authority (MIDA) CEO, Datuk Noharuddin Nordin said the investments were for approved projects in the manufacturing, services, and primary sectors.
"On outlook for this year, we are confident that we could surpass last year's total investments of RM167.8 billion (US$51.9 billion), base on the economic recovery of our main investor country, which is the US.
"Among the sectors that will drive our growth for the remaining months of the year are services and manufacturing, which have been sustainable for the year to date," he said.
For the first 9 months period, Noharuddin said the services sector continued to take the lead with approved investments amounting to RM83.4 billion (US$25.8 billion)or 60.9%, followed by the manufacturing sector which recorded RM35.1 billion (US$10.9 billion)or 25.6%.