KUALA LUMPUR: Malaysia has recorded a total of RM83.7bil in approved investments in the first quarter of the year, of which more than half were secured from foreign sources, said the Malaysian Investment Development Authority .
The investments, which top the RM74.1bil in commitments made in the same three months of 2023, will flow into 1,257 projects and create 29,027 new jobs for Malaysians. Of the investments, the manufacturing sector contributed RM42bil, representing a stellar 174.9% increase compared to the first quarter of 2023. According to Mida, a total of 252 approved projects in the sector will create 17,991 new jobs in the country.
Mida noted that investments made in sectors stipulated by the National Investment Aspirations came to RM53.7bil, or 64.1% of the total approved investments. Distributed across 252 projects, these investments are expected to create 17,056 new job opportunities.