Malaysia realised 2,688 manufacturing projects worth RM318.5 billion from 2023 to March 2026, creating over 210,000 jobs, says MITI.
KUALA LUMPUR: A total of 2,688 investmentprojects in the manufacturing sectorworth RM318.5 billion have been realised between2023 and March 2026, according to theMinistry of Investment, Trade and Industry (MITI).
Of the total, domestic investments (DIs) accounted for RM63.3 billion (19.9 per cent), while foreign investments (FIs) amounted to RM255.2 billion (80.1 per cent).
“The projects have also created210,546 jobs,” the ministry said in a written reply published on the Parliament’s website yesterday (July 14).
MITI said approved projects typically take between 18 and 24 months to be implemented, depending on the complexity and scale of the projects as well as prevailing economic conditions.
It said five states recorded the highestrealised investment values, namelyPenang, Kedah, Selangor, Johor and Negeri Sembilan, accounting for 84.3 per cent of the total realised investments from 2023 to March 2026.
At the same time, the five states also recorded the highest amount of approved investments,collectively contributing 81 per cent of the nation’s total amount of approved investments.
MITI said a total of 3,847 investment projects worth RM427.9 billion were approved from 2023 to March 2026, adding that investments in the manufacturing sector are expected to create 302,058 new jobs.
Of the amount, DIs account forRM93.9 billion (21.9 per cent), while FIs account for RM334.0 billion (78.1 per cent).
The ministry said this in reply to a question fromDatuk Seri DrRonald Kiandee (PN-Beluran) on DIs and direct foreign investments approved since 2023, including the total investment value, number of jobs created and performance according to states.
Meanwhile, MITI said the MADANI government, through MITI and its agency, theMalaysian Investment Development Authority, has continuously implemented various strategic initiatives to attractworld-class technology companiesand industries to invest in Malaysia.
“Moving forward, the government will continue to enhance Malaysia’s attractiveness as a regional investment hub through consistent policies, a competitive industrial ecosystem, efficient investment facilitation, as well as talent and technology development.
“This approach is expected tocontinue attracting world-class technology companies and industries to invest, expand and establish Malaysia as a strategic operational base in the region,” it said in response to a question fromDatukSeri Hamzah Zainudin (PN-Larut) on the government’s efforts to attract world-class technology companiesand industries to invest in Malaysia.
