Investments in the electric and electronic (E&E) sector in Malaysia ’s national key economic areas (NKEA) will exceed 10 billion MYR (3 billion USD) by the end of 2014, according to Malaysian Minister of International Trade and Industry Mustapa Mohamed.

His statement is supported by the fact that 57 E&E projects were licenced in the country’s NKEA during the first seven months of this year, amounting to 8.4 billion MYR (2.5 billion USD) worth of investment.

He also said the sector accounted for 32.9 percent of Malaysia ’s export turnover during the first eight months of 2014, valued at 165.5 billion MYR (50 billion USD).

Currently, the nation has 2,200 enterprises operating in the field, accounting for approximately 6 percent of GDP and helping Malaysia become one of the world’s leading semiconductor device exporters.

In 2013, the sector attracted 9.8 billion MYR worth of investment in 118 licenced projects.-VNA