Malaysia to hit half of RM200 billion investment target, says PM

Updated 6 years ago · Published on 29 Mar 2018 3:00PM · 3 Comments

Prime Minister Najib Razak says approved global establishment projects total RM14 billion, with nine out of the 225 projects comprising principal hubs. – The Malaysian Insight file pic, March 29, 2018.

MALAYSIA is on track to achieve 50% of its approved investment target of RM200 billion for this year by the end of the month, following Saudi Aramco’s RM28 billion investment.

Prime Minister Najib Razak said about 40% of the investments, or RM80 billion, were already in the pipeline, on top of Saudi Aramco’s RM28 billion investment coming in by the end of the month.

“Our economy exceeded all expectations, so much so that the World Bank had to revise its estimate for our growth upwards not once, or twice, but three times.

“No wonder then, that the international business community showed its confidence in Malaysia, with RM197 billion in private investments last year, of which RM54.7 billion were foreign direct investments,” he said in his keynote address at InvestKL Annual Ministerial Event 2018 in Kuala Lumpur today.

He said approved global establishment projects totalled RM14 billion, with nine out of the 225 projects comprising principal hubs. – Bernama, March 29, 2018.

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Comments

  • FDI from corrupt authoritarian regimes, lmao. Saudi Arabia is a joke of a nation.

    Posted 6 years ago by Tommy richard · Reply

  • The fake news is needed immediately for GE 14. Najib's administration will be the best ever in the world because whoever said anything about it, that would be fake news if the AG chooses it to be so classified. After the election, the fake news act will be gone because Najib will no longer be PM.

    Posted 6 years ago by Meng Kow Loh · Reply

  • Surety reaches after GE14. Expectations with our Economy. Foreign traders/Investors showing Interest Investing.

    Posted 6 years ago by Yi HU ling · Reply