Malaysia approves 428 manufacturing projects worth $8.8b

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Petronas towersThe Malaysian Industrial Development Authority (MIDA) said on October 3 that it approved 428 manufacturing projects at an investment volume of RM28.3 billion ($8.8 billion) in the January-July 2013 period. 64.3 per cent were foreign investments and 35.7 per cent domestic, it added.

“Malaysia remains a competitive investment location and continues to attract manufacturing projects with significant levels of investments,” MIDA said.

In terms of value, Johor received the largest amount in approved investments in the manufacturing sectorduring the January-July period at (RM8.7 billion), followed by Sarawak (RM5.6 billion), Malacca (RM2.9 billion), Sabah (RM2.8 billion) and Selangor (RM2.6 billion).

The five states contributed 80.2 per cent of the total investments approved in the country and 273 projects or 63.8 per cent of the manufacturing projects approved would be in these states.

Most of Johor’s investments were in electronics products, petroleum and petrochemicals produts and food manufacturing. Sarawak’s investment was in the basic metal industry, chemicals & chemical products electronics products, fabricated metal products and food manufacturing industries.

Most of the foreign investments approved were for electronics production, basic metal products, petroleum and petrochemicals, food manufacturing, transport equipment, non-metallic mineral products and chemicals and chemical products. These industries accounted for 94.5 per cent of total foreign investments approved in the manufacturing sector.

Leading sources of foreign investments in approved manufacturing projects in the period were the US, South Korea, Singapore, Japan and the Netherlands. These five countries jointly accounted for 82.4 per cent of total foreign investments approved during the period.

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Reading Time: 1 minute

The Malaysian Industrial Development Authority (MIDA) said on October 3 that it approved 428 manufacturing projects at an investment volume of RM28.3 billion ($8.8 billion) in the January-July 2013 period. 64.3 per cent were foreign investments and 35.7 per cent domestic, it added.

Reading Time: 1 minute

Petronas towersThe Malaysian Industrial Development Authority (MIDA) said on October 3 that it approved 428 manufacturing projects at an investment volume of RM28.3 billion ($8.8 billion) in the January-July 2013 period. 64.3 per cent were foreign investments and 35.7 per cent domestic, it added.

“Malaysia remains a competitive investment location and continues to attract manufacturing projects with significant levels of investments,” MIDA said.

In terms of value, Johor received the largest amount in approved investments in the manufacturing sectorduring the January-July period at (RM8.7 billion), followed by Sarawak (RM5.6 billion), Malacca (RM2.9 billion), Sabah (RM2.8 billion) and Selangor (RM2.6 billion).

The five states contributed 80.2 per cent of the total investments approved in the country and 273 projects or 63.8 per cent of the manufacturing projects approved would be in these states.

Most of Johor’s investments were in electronics products, petroleum and petrochemicals produts and food manufacturing. Sarawak’s investment was in the basic metal industry, chemicals & chemical products electronics products, fabricated metal products and food manufacturing industries.

Most of the foreign investments approved were for electronics production, basic metal products, petroleum and petrochemicals, food manufacturing, transport equipment, non-metallic mineral products and chemicals and chemical products. These industries accounted for 94.5 per cent of total foreign investments approved in the manufacturing sector.

Leading sources of foreign investments in approved manufacturing projects in the period were the US, South Korea, Singapore, Japan and the Netherlands. These five countries jointly accounted for 82.4 per cent of total foreign investments approved during the period.

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