Malaysian Investment Development Authority (MIDA) released the following media release titled Investors Show Growing Confidence in Malaysia - Malaysia Attracted RM193.7 Billion (USD41.7 Billion) of Approved Investments In January - September 2022 as well as an attached infographic. Media release and infographic are as follows:
- Malaysia attracted RM193.7 billion (USD41.7 billion) of approved investments in services (RM113.3 billion or USD24.4 billion), manufacturing (RM64.9 billion or USD14 billion), and primary sectors (RM15.5 billion or USD3.3 billion), an increase of 2.5 per cent as compared to the same period in 2021.
- Foreign Direct Investments (FDI) remained the major contributor to the total approved investments at 67.5 per cent or RM130.7 billion (USD 28.1 billion), an increase of 15 per cent as compared to the same period last year, while Domestic Direct Investment (DDI) contributed 32.5 per cent or RM63 billion (USD13.6 billion).
- The People's Republic of China (PRC) dominated foreign investments totalling RM49.2 billion (USD10.6 billion).
Malaysia remains a top investment destination among global investors and a hotspot for business expansion. Investors continue to show confidence to invest in Malaysia as the new premier leadership is focused on strengthening the country's economic growth and retain Malaysia's reputation as a stable investment destination.
To read the full MIDA media release, please refer here:
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