SHAH ALAM, July 15 — Selangor remains one of Malaysia’s leading investment destinations, ranking among the five states with the highest value of realised manufacturing investments between 2023 and March this year, said the Investment, Trade and Industry Ministry (MITI).
It explained that Selangor, along with Penang, Kedah, Johor and Negeri Sembilan, accounted for 84.3 per cent of the country’s total realised manufacturing investments in the same period.
“The five states also logged the highest approved manufacturing investments, contributing 81 per cent of the country’s total approved investment value.
“This reflects the strength of their existing industrial ecosystems and infrastructure," it said in a written parliamentary reply dated July 14.
MITI said this in response to Datuk Seri Ronald Kiandee’s (PN-Beluran) question on the progress of domestic and foreign investments realised since 2023, including the value of investments approved, actual jobs created compared with initial projections, and performance by state.
The ministry said 2,688 manufacturing investment projects worth RM318.5 billion had been realised nationwide between 2023 and March this year.
“Of the total realised investments, domestic investments amounted to RM63.3 billion, or 19.9 per cent, while foreign investments totalled RM255.2 billion, representing 80.1 per cent.
“The realised projects have created 210,546 jobs across the country,” it said
The ministry said manufacturing investment projects generally take between 18 and 24 months to start, depending on the complexity and scale of the project as well as prevailing economic conditions.
“Under the definitions adopted by the ministry and Malaysian Investment Development Authority (MIDA), a project is considered realised once it has commenced operations, begun installing machinery, or started the construction or leasing of a factory, building or warehouse,” MITI added.
It also said the government has approved 3,847 manufacturing investment projects worth RM427.9 billion between 2023 and March 2026.
“The approved investments are expected to create 302,058 new jobs.
“Of the total, domestic investments accounted for RM93.9 billion, or 21.9 per cent, while foreign investments made up RM334 billion, representing 78.1 per cent,” he said.
It added that the government is committed to ensuring approved investments are efficiently implemented.
“This will help generate broader economic spillover effects, including business opportunities and the creation of high-skill jobs for Malaysians,” MITI said.
