The drive to attract quality and sustainable investments into Malaysia continues to span across borders. Over the first nine months of 2024, MITI and MIDA have spearheaded 15 high-level overseas missions, complemented by strategic working visits led by the Prime Minister, YAB Dato’ Seri Anwar Ibrahim. These initiatives have created pathways for new investment opportunities worldwide.
The outlook remains promising. As of 7 November 2024, MIDA is actively pursuing 1,477 proposed projects worth RM62.0 billion, comprising 1,413 projects in the services sector (RM48.8 billion) and 64 projects in the manufacturing sector (RM13.2 billion). Additionally, MIDA is in discussions with prospective investors for high-potential leads valued at RM70.6 billion.
The approved investments for 9M2024 align with Malaysia’s impressive Q3 GDP growth of 5.3%, driven by robust investment activities. MIDA emphasises that successful project implementation will enhance the country’s macroeconomic performance and create positive ripple effects for communities nationwide.