KUALA LUMPUR — Dec. 20, 2018: Malaysia attracted RM139.3 billion worth of investments in the manufacturing, services and primary sectors in the first nine months of 2018, up 18 per cent from the same period last year.
The investments approved were from 3,243 projects, which are expected to generate 93,379 job opportunities.
Approved foreign direct investments (FDIs) increased by 109.7 per cent to RM64.1 billion, mainly driven by the manufacturing sector which recorded a strong increase of 249.4 per cent.
FDIs in the primary sector rose by 99.3 per cent, which indicated that investor confidence in Malaysia remained high despite the challenging global economic environment. Domestic investments led with RM75.2 billion, contributing 54 per cent to the total.
The Malaysian Investment Development Authority (MIDA) said in a statement today that Malaysia continued to be a competitive location for manufacturing projects, with 468 worth RM59.1 billion approved till September, representing an increase of 70.5 per cent in capital investments.
Foreign investments approved in the manufacturing sector recorded RM48.8 billion, a rise of 249.4 per cent from last year.
China accounted for RM15.6 billion or 32 per cent of total foreign investments, followed by Indonesia (18.4 per cent), the Netherlands (17 per cent), United States (6.3 per cent), Korea (4.9 per cent) and Japan (4.3 per cent).
For the services sector, MIDA said approved investments amounted to RM69.9 billion, consisting of 2,721 projects which are expected to create 50,896 job opportunities.
Domestic investments made up the largest portion, recording RM60.4 billion or 86.4 per cent of the total.
The services sub-sectors that showed an increase in approved investments were healthcare, education, global establishments, real estate and supporting services. — Bernama