US$2.57 billion of investments approved

August 7, 2009 by: editor


Datuk Jalilah Baba, director general of the Malaysian Industrial Development Authority (MIDA) says that a total of US$2.57 billion in foreign and domestic investments were approved between January and May 2009.

She said 28 manufacturing projects from GCC countries with investments worth US$1.215 billion were approved as of May this year.


The majority of these projects were in food manufacturing, wood and wood products, chemicals and chemical products.

“Malaysia continues to attract substantial investments in the manufacturing sector despite intense global competition. It is a cost-competitive location offering various business opportunities in the manufacturing and services sectors,” she says. 

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