The manufacturing sector remains the cornerstone of Malaysia’s industrial growth, attracting RM88.8 billion in approved investments in the first nine months of 2024. Foreign Investments (FI) led the way, contributing RM66.9 billion (75.4%), while Domestic Investments (DI) accounted for RM21.9 billion or 24.6%. This underscores the sector’s dual ability to attract substantial foreign capital while nurturing domestic entrepreneurship. The approved investments span 800 projects, poised to generate about 58,017 job opportunities, with 81.2% (47,112 jobs) reserved for Malaysians.
