Senior Minister cum International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali said the approved investments, comprising the manufacturing, services and primary sectors, are expected to generate 79,899 jobs in the country.
Foreign direct investments account for nearly 60 per cent of the approved investments at RM106.1 billion, with Singapore, China, Austria, Japan and the Netherlands being the top five FDI countries, accounting for nearly 85.3 per cent or RM90.6 billion of the total numbers. He said a total of 522 manufacturing projects worth RM103.9 billion were approved in 9M2021 -- a 60 per cent jump compared to RM64.8 billion in 9M2020.
Mohamed Azmin emphasised that Malaysia is focusing on pursuing more high quality, capital-intensive projects and those that support the sustainable development agenda of the nation. The approved manufacturing projects will also needed 7,907 skilled craftsmen such as plant maintenance supervisors, tools and die makers, machinists, Information Technology personnel, quality controllers, electricians and welders.
Japan-based Taiyo Yuden also announced an investment of RM680 million for the expansion of its multilayer ceramic capacitors production in Kuching, Sarawak, to meet the growing demands of their clients in ASEAN. "Notably, the approved investments for global establishments saw a significant jump in approved investment from the corresponding period last year at RM9.2 billion.
Why don't approve 1 trillion ? Anyone can approve, but can you deliver ? AzminAli