RM88.4 Billion Worth of Investments Approved In 1H2016
The approved direct investments in the services, manufacturing and primary sectors in the first half of 2016 (1H2016), totalled RM88.4 billion compared with RM125.9 billion in the same period last year. The investments approved in 1H2016 were in 2,499 projects, and are expected to generate more than 76,000 job opportunities. The better investment performance in 1H2015 was mainly due to two big petrochemical projects approved in the manufacturing sector during the same period last year, i.e. Pengerang project in Johor and LNG9 project in Sarawak.
“With our strong fundamentals, Malaysia remains on a steady economic growth path. We continue to attract foreign direct investments (FDI). A total of RM28.2 billion of FDI was approved in 1H2016. Our approved foreign investments for 1H2016 have already reached 78.2% of the total foreign investments approved for the whole of last year,” said the Minister of International Trade and Industry, YB Dato’ Sri Mustapa Mohamed