The services sector continues to drive Malaysia’s economic growth, showcasing resilience and attracting significant investments. From January to September 2024, the sector led approved investments, accounting for RM160.7 billion or 63.1% of the total approvals – a strong indication of its sustained appeal to investors. These investments are expected to create 100,914 new jobs.
One of the standout ventures is Nur Renewables Sdn. Bhd. Based in Kulim, Kedah, the company invests RM250.0 million to build, own, and operate a large-scale solar farm, supplying renewable energy to the distribution licensee. This initiative supports Malaysia’s green energy goals and demonstrates the integration of advanced technologies in line with Industry 4.0 principles.
