Malaysia’s trade and investment missions since 2023 have generated RM493.64 bil in potential investments from 181 projects, with RM123.8 bil approved
KUALA LUMPUR: A series of 37 trade and investment missions since 2023 have generated RM493.64 billion in potential investments for Malaysia.
Deputy Investment, Trade and Industry Minister Liew Chin Tong said the missions, including official overseas visits led by the Prime Minister, involved 181 projects from 2023 to 2025.
He told the Dewan Negara that RM123.8 billion from 52 projects has already been approved for implementation.
A further 38 projects valued at RM48.9 billion are targeted to be finalised next year.
“Meanwhile, RM320.9 billion is expected to be finalised between 2026 and 2028,” Liew said during the question and answer session.
He was responding to a question from Senator Datuk Koh Nai Kwong on the investment track record from overseas visits.
Liew also highlighted an ongoing transformation at the Malaysian Investment Development Authority (MIDA).
“This is to ensure that MIDA is not only the national investment promotion agency, but also more importantly, strengthens monitoring of approved investments,” he said.
The goal is to ensure investor compliance and maximise economic spillover effects in line with the New Investment Incentive Framework.
The ministry is also drafting the Industrial Development Bill and enhancing the MIDA Act.
These legal changes aim to improve effectiveness in monitoring investments and ensuring benefits to local industries. – Bernama
