Malaysia Records RM 80.6 Billion Approved Investments for the First Quarter of 2021

Kuala Lumpur, 9 June 2021:  YB Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry (MITI), presented at the Cabinet today on the impressive investment approvals for the first quarter of this year, despite the unprecedented economic challenges caused by the COVID-19 pandemic.

The members of the Cabinet endorsed the Q1 2021 approved investment by responding optimistically that Malaysia will successfully weather the storm with every Malaysian’s steel effort in boosting the economy. Malaysia recorded a total of RM80.6 billion worth of approved investments in the manufacturing, services and primary sectors in the Q1 2021 a surge of 95.6 per cent from the same period last year (RM41.2 billion).

The manufacturing sector leads the investments for the Q1 2021, recording RM 58.8 billion, followed by the services sector at RM15.6 billion and the primary sector at RM6.2 billion.