PETALING JAYA: Malaysia secured record investments of RM378.5 billion last year, an increase of 14.9% from the approved investments in 2023, investment, trade and industry minister Tengku Zafrul Aziz said.
Tengku Zafrul said last year’s investments involved 6,700 projects and led to the creation of 207,241 new jobs.
“The services sector contributed RM252.7 billion while the manufacturing and primary sector contributed RM120.5 billion and RM5.3 billion respectively,” he said in his announcement at the Malaysian Investment Development Authority office at KL Sentral.
He said domestic investments stood at RM208.1 billion and foreign investments at RM170.4 billion.
Tengku Zafrul said the government projected a 5% growth this year from 2024’s performance, with geopolitical uncertainty expected to be the main challenge.
However, he said some sectors, notably the electrical and electronic sector, were expected to continue thriving.
Tengku Zafrul said Malaysia would be securing investments from countries like Brazil in the aerospace and semiconductor sector, as well as Turkey in the automotive sector.
Separately, Tengku Zafrul said he and digital minister Gobind Singh Deo would co-chair the newly established data centre task force.
“There are some concerns about the data centres that we need to address and mitigate. We will come back and report the decisions,” he said without going into further detail.
