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Malaysia passes 60% of RM220bil investment target for 2023

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Kuala Lumpur recorded the highest amount of investments with RM16.2 billion, followed by Kedah and Selangor, between January and June.

About RM32.6 billion had been invested in the manufacturing sector, according to investment, trade and industry minister Tengku Zafrul Aziz.

In a written Dewan Rakyat reply, Tengku Zafrul said the country had recorded RM132.6 billion in approved investments from January to June 2023. “Domestic direct investment is the main contributor with approved investments totaling RM69.3 billion , while foreign direct investment contributes RM63.3 billion ,” he said.

 

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