Perak’s investments hit RM6.25 billion across 203 projects, creating over 5,000 jobs and showing strong economic growth and investor confidence
KUALA KANGSAR: Perak recorded RM6.25 billion in investments involving 203 projects as of June this year, potentially generating over 5,000 job opportunities.
Menteri Besar Datuk Seri Saarani Mohamad said this represents a 105% increase in investment value and a 224% rise in job creation compared to the same period in 2024.
“This clearly reflects investors’ confidence in the state’s strengthening investment ecosystem,” he stated during his royal address at the Investiture Ceremony in conjunction with the Sultan of Perak’s 69th birthday celebration at Istana Iskandariah.
Saarani noted the labour force participation rate rose to 67.4% in the second quarter from 65.6% a year earlier.
The state’s unemployment rate declined to 3.2% in the first quarter from 3.4% previously.
Under the first rolling plan of the 13th Malaysia Plan, 466 projects worth RM1.84 billion have been approved across basic infrastructure, social facilities, education, healthcare and industrial development.
Key projects include upgrading the PLUS Expressway from Slim River to South Ipoh, developing the Perak Halal Industrial Park in Manjung, and constructing the Tanjung Rambutan Health Clinic.
Perak will also benefit from the 2026 Budget through high-impact projects including the expansion of the Kerian Integrated Green Industrial Park and development of the Lumut Maritime Industrial City.
The state’s gross domestic product rose 4.4% in 2024 from 2.7% in 2023, with its value increasing to RM86.2 billion from RM82.6 billion.
This growth was driven by services and manufacturing sectors contributing 63.3% and 19.4% respectively, followed by agriculture at 14%.
The state’s revenue collection reached RM1.1 billion as of 7 November, reflecting progress toward the RM1.4 billion target.
This figure is expected to offset the projected RM81.8 million deficit under the 2025 Budget, allowing the state to record another surplus for the fourth consecutive year. – Bernama
