KUALA LUMPUR, Sept 11 — Private investment is expected to grow by 6.4 per cent per annum or an average of RM301 billion per year in current prices, supported by faster implementation of new and ongoing projects across key economic sectors.
In addition, firms will be encouraged to increase investment in machinery and equipment to expand capacity and productivity, according to the Mid-Term Review of the 12th Malaysia Plan report released by the Ministry of Economy here today. It said the private sector will be encouraged to intensify green investment in business operations and premises, including for the development and utilisation of RE sources.
These initiatives will attract higher-quality investments, particularly focusing on advanced technology.