KUALA LUMPUR: The Investment, Trade and Industry Ministry (Miti) expects approved investments to record stronger growth in the second half of 2023 (2H2023), on track to hit its annual target, after achieving RM132.6bil worth of approved investments in the first half of 2023 (1H2023).
"I am pleased with our achievement in 1H2023, securing RM132.6bil, representing 60.3% of our annual target.
The minister said Malaysia is also a trusted hub for the ecosystem, supply chain, capital and talent, flows of goods and data and growing innovation capabilities.He said Malaysia managed to attract approximately a similar amount of approved investments in 1H2023 year-on-year, reflecting confidence in the nation’s economic growth prospects despite global demand slowdown and a higher interest rate environment in key markets.
Tengku Zafrul said the government’s commitment to ensure quality housing for the people has been a major factor in this growth.
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