Kuala Lumpur, 9/6/2021 – YB Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry, presented at the Cabinet today on the impressive investment approvals for the first quarter (Q1) of this year, despite the unprecedented economic challenges caused by the COVID-19 pandemic. The members of the Cabinet endorsed the Q1 2021 approved investment by responding optimistically that Malaysia will successfully weather the storm with every Malaysian’s steel effort in boosting the economy.
Malaysia recorded a total of RM80.6 billion worth of approved investments in the manufacturing, services and primary sectors in the Q1 2021, a surge of 95.6 per cent from the same period last year (RM41.2 billion).
The continued aggressive strategies to attract high-level investments from both foreign and domestic investors is exhibiting promising results. These approved investments involved 993 projects and are expected to generate 32,557 job opportunities.