Malaysia Kick Starts 2020 With Rm4.6 Billion Of Approved Investments

KUALA LUMPUR, Feb 7 (Bernama) —  The National Committee on Investment (NCI), co-chaired by YB Datuk Darell Leiking, Minister of the International Trade and Industry (MITI) and YB Tuan Lim Guan Eng, Minister of Finance (MOF) kick-started the year 2020 with five approved manufacturing and services projects worth RM4.6 billion on 30 January 2020. These projects will be located in Pulau Pinang, Kedah, and Pahang. 
 
These approved investments were in the electrical and electronics, machinery and equipment, and automotive industries. Upon realisation, these projects will add over 6,000 job opportunities for the country. The majority of these investments came from foreign sources, which contributed 97.3% of the total investments. These investments are from Singapore, Hong Kong and the United States of America (USA).

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