Malaysia attracts RM162.4b investments
Malaysia attracted RM162.4 billion worth of investments last year, its highest on record in six years.
Much of 2012' investments were in new and emerging technologies, particularly within the aerospace, semiconductor, solar, machinery and equipment, biotechnology, petroleum and petrochemical products and medical devices as well as the oil and gas sectors.
The 5.1 per cent increase, through 6,442 projects, could generate 182,841 jobs, mostly in the services industry, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed yesterday.
Domestic investments contributed the most in the manufacturing, services and primary sectors with RM127.6 billion (78 per cent).
Selangor received the largest amount in approved investments with RM23.4 billion, followed by Sabah (RM11.6 billion), Kuala Lumpur (RM9.7 billion), Sarawak (RM9.4 billion) and Johor (RM7.4 billion).
The Malaysian Investment Development Authority (Mida) said in 2012, a total of 804 manufacturing projects were approved involving investments of RM41 billion compared with RM56.1 billion for 846 manufacturing projects in 2011.
Foreign investments amounted to RM20.8 billion and accounted for 50.7 per cent of the total investments.
Japan was the major source with RM2.8 billion, Saudi Arabia (RM2.6 billion), Singapore (RM2.2 billion), China (RM2 billion) and South Korea (RM1.6 billion).
New or greenfield investments through 473 projects totalled RM26.8 billion.
Some RM21.2 billion of the manufacturing investments went into the economic corridors located in the north, south and east regions of Peninsular Malaysia and in Sabah and Sarawak.
The Sabah Development Corridor recorded the highest with RM5 billion, the East Coast Economic Region RM4.6 billion, Sarawak Corridor of Renewable Energy RM4.3 billion, Iskandar Malaysia RM4.2 billion and Northern Corridor Economic Region RM3.1 billion.
The services sector contributed 72 per cent of approved investments last year, with real estate the leading contributor (RM58.8 billion) followed by utility (RM12.6 billion), hotel and tourism (RM8.9 billion), transport (RM6.8 billion) and telecommunications (RM6.6 billion).
The primary sector, which covers agriculture, mining and plantations and commodities, attracted investments worth RM3.8 billion.
The Malaysian Investment Development Authority (Mida) said in 2012, a total of 804 manufacturing projects were approved involving investments of RM41 billion compared with RM56.1 billion for 846 manufacturing projects in 2011.
Foreign investments amounted to RM20.8 billion and accounted for 50.7 per cent of the total investments.
Japan was the major source with RM2.8 billion, Saudi Arabia (RM2.6 billion), Singapore (RM2.2 billion), China (RM2 billion) and South Korea (RM1.6 billion).
New or greenfield investments through 473 projects totalled RM26.8 billion.
Some RM21.2 billion of the manufacturing investments went into the economic corridors located in the north, south and east regions of Peninsular Malaysia and in Sabah and Sarawak.
The Sabah Development Corridor recorded the highest with RM5 billion, the East Coast Economic Region RM4.6 billion, Sarawak Corridor of Renewable Energy RM4.3 billion, Iskandar Malaysia RM4.2 billion and Northern Corridor Economic Region RM3.1 billion.
The services sector contributed 72 per cent of approved investments last year, with real estate the leading contributor (RM58.8 billion) followed by utility (RM12.6 billion), hotel and tourism (RM8.9 billion), transport (RM6.8 billion) and telecommunications (RM6.6 billion).
The primary sector, which covers agriculture, mining and plantations and commodities, attracted investments worth RM3.8 billion.
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