Austria led the foreign investment contributions at RM30.1 billion, followed by Singapore (RM16.05 billion), China (RM9.8 billion), the Netherlands (RM4 billion) and Taiwan (RM2.4 billion).
This year, the Malaysian government has intensified its efforts to attract foreign direct investments (FDIs), implementing new policies and incentives related to the Johor-Singapore Special Economic Zone and the Forest City Special Financial Zone (SFZ).
According to the Malaysian Investment Development Authority, the country recorded an 18% y-o-y increase in “approved investments” to RM160 billion ($49.4 billion) in 1H2024, of which foreign investments accounted for 53.4% of the total at RM85.4 billion. In the Malaysian context, an “approved investment” generally refers to an investment that has received official approval or recognition from the relevant government authorities or agencies.
