Tengku Zafrul says the investments are a vote of confidence in Malaysia’s economy and its offerings to investors. – BernamapicThe Ministry of Investment, Trade and Industry expects approved investments to record stronger growth in the second half of 2023 , on track to hit its target for the year, after achieving RM132.6 billion worth of approved investment in the first six months.
Tengku Zafrul said the investments are a vote of confidence in Malaysia’s economy and its offerings to investors, including a government that supports and develops pro-business policies and continuously enhances the ease of doing business in Malaysia. “Notably, direct domestic investment increased by 58% and represented over 52% of approved investments which to us is a clear vote of confidence in the Madani Economy policies,” he said.
Domestic direct investment accounted for 52.2% of the total approved investment, or RM69.3 billion, driven by investments in the services sector, particularly real estate and primary sector.
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