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6 projects with over RM95bil China investment to be finalised, says Zafrul

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The investment, trade and industry minister says the projects have the potential to create more than 7,000 jobs for Malaysians.

Investment, trade and industry minister Tengku Zafrul Aziz said Malaysia had managed to secure RM230 billion in foreign direct investments from January to September this year.

“Another project worth RM3.5 billion in investments will also be finalised by 2025,” he said in a written parliamentary reply. Among the projects that have shown positive development are a hyperscale data campus by GDS Services Ltd, and solar panel makers LONGi’s new facility in Serendah. The commitment was secured after 19 memoranda of understanding were signed between Malaysian and Chinese companies.

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