Malaysia Attracts RM264.6 Bln Approved Investments In 2022, 2nd Largest Ever Recorded
Malaysia has approved investments worth RM 264.6 billion, expected to create 140,370 job opportunities through a total of 4,454 projects. Foreign Direct Investment (FDI) contributed 61.7% with RM 163.3 billion while Domestic Direct Investment (DDI) made up 38.3% with RM 101.3 billion.
Five (5) states have seen significant investment activity, with Johor having the most approved investments, totalling RM 70.6 billion (USD 16 billion). This is followed by Selangor (RM 60.1 billion) (USD 13.6 billion), Sarawak (RM 28.2 billion) (USD 6.4 billion), Wilayah Persekutuan Kuala Lumpur (RM 25 billion) (USD 5.7 billion) and Pulau Pinang (RM 16.3 billion) (USD 3.7 billion).
The Chairman of MIDA acknowledged that the impressive investment results are a culmination of the collective efforts of stakeholders towards promoting economic growth, social stability, talent development, sustained economic inclusivity, and the advancement of Malaysia’s digital economy. This demonstrates the country’s commitment to fostering a conducive business environment and attracting foreign and domestic investments to support Malaysia’s overall economic growth and development.
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