The Malaysian Investment Development Authority (MIDA) has partnered with DRB-Hicom Bhd and Zhejiang Geely Holding Group Co Ltd to develop the Automotive Hi-Tech Valley (AHTV) in Tanjung Malim, Perak, with a goal of turning the country into ASEAN’s hub for next-generation vehicles (NxGV) and energy-efficient vehicles (EEV).
Malaysia has attracted a total 193.7 RM (nearly 44 billion USD) worth of approved investment from January to September this year, up a 2.5% increase compared to the same period last year, according to Malaysian Investment Development Authority (MIDA).
Malaysia attracted a record amount of approved investments worth 306.5 billion RM (73.23 billion USD) in the manufacturing, services and primary sectors in 2021, driven by higher foreign direct investment (FDI) and increased projects in the manufacturing and the electrical and electronics sectors, according to the Malaysian Investment Development Authority (MIDA).
China became the largest source of foreign direct investments (FDI) for Malaysia in 2020, the Malaysian Investment Development Authority (MIDA) said on March 3.
The Malaysian Investment Development Authority (Mida) has identified the 23 potential high-profile projects in the manufacturing and service sectors which have an investment value of 75.4 billion ringgit (about 18.5 billion USD), the Star reported.
The Malaysian state of Penang recorded a total of 9.12 billion RM (nearly 2.2 billion USD) in approved manufacturing investments in the first half of this year, according to the Malaysian Investment Development Authority (MIDA).
China is no longer the biggest investor in Malaysia as it has now slipped to third position behind the United States and Japan, according to data provided by the Malaysian Investment Development Authority (MIDA).
Malaysia's new approved direct investments in the services, manufacturing and primary sectors rose 17.7 percent year-on-year to 80.2 billion ringgit (about 19.18 billion USD) in the first half of 2018, according to data released by the Malaysian Investment Development Authority (MIDA) on October 29.
