RM86b private sector investment in 2011
Malaysia is expected to receive private sector investments totalling RM86 billion next year, Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah said today.
He said the private sector had given commitment to generate RM120 billion in investments but the government's conservative target was 75 per cent of the amount.
This would be good enough to help expand the economy which was envisaged to grow between five and six per cent next year, he told reporters in Ipoh.
He said the government would continue to emphasise on expanding the economy from within by promoting private investment.
The government would encourage domestic investments by focusing on the roles or initiatives of the private sector following concern that the debt crisis in Europe would cause a global economic slowdown, he said.
The government had also taken the initiative to enhance the delivery system to encourage the private sector grow their business, he said.
"Transforming the country's economy which was planned much earlier with the New Economic Model (NEM) and the National Key Economic Area is a way to create an economic ecosystem to generate growth," Husni said.
Roping in the private sector was the government's proactive initiative to realise the Economic Transformation Programme which forms the core of NEM, he added.
He was confident that private sector investment would continue to drive the country's economic growth and at the same time realise Vision 2020. -- Bernama
He said the private sector had given commitment to generate RM120 billion in investments but the government's conservative target was 75 per cent of the amount.
He said the government would continue to emphasise on expanding the economy from within by promoting private investment.
The government would encourage domestic investments by focusing on the roles or initiatives of the private sector following concern that the debt crisis in Europe would cause a global economic slowdown, he said.
The government had also taken the initiative to enhance the delivery system to encourage the private sector grow their business, he said.
"Transforming the country's economy which was planned much earlier with the New Economic Model (NEM) and the National Key Economic Area is a way to create an economic ecosystem to generate growth," Husni said.
Roping in the private sector was the government's proactive initiative to realise the Economic Transformation Programme which forms the core of NEM, he added.
He was confident that private sector investment would continue to drive the country's economic growth and at the same time realise Vision 2020. -- Bernama
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