YB Dato’ Sri Mustapa Mohamed, Minister of International Trade and Industry made an announcement on Malaysia’s Investment Performance for the year 2016 on 2 March 2017 at MIDA HQ in KL Sentral. The event was well attended by more than 200 delegates comprising officials from embassies, ministries and agencies as well as the business community.
Malaysia has become more selective in its investment agenda, preferring quality projects in targeted ecosystems that will have significant knock-on effects throughout the domestic economy. Last year, the country attracted RM207.9 billion in total approved investments that will fund 4,972 projects in the manufacturing, services and primary sectors. These are expected to create 153,060 job opportunities for the country.
The ratio of foreign and domestic investments is in line with the Government’s aspiration for domestic investments to assume the pivotal role of driving Malaysia’s investment agenda, with 71.6% being contributed by domestic sources and 28.4% coming from foreign sources. Foreign investors continue to capitalise on uniquely Malaysian ecosystems and its regional synergies as foreign direct investments (FDI) increased by 63.4% from RM36.1 billion in 2015. (2 March 2017, MIDA HQ)