Achi news desk-
KUALA LUMPUR: A meeting with 70 financial fund investors and corporate members at the recently concluded Joint Investors Meeting in London has touched upon the immediate actions of the MADANI government to stimulate strategic investment in important technologies, according to the Ministry of Finance (MoF) .
In a statement today, he said the government is serious about making investments a national agenda by establishing a high-level investment facilitation platform to ensure that potential and approved strategic investments are implemented through a “Whole of Government” approach.
Finance Minister II Datuk Seri Amir Hamzah Azizan (pix)who led the Malaysian delegation to the Joint Investors Meeting from April 20 to 22, that the National Investment Council (MPN) chaired by the Prime Minister is an integrated operation that reflects the government’s seriousness in making Malaysia a hub invest in the region.
Among the immediate actions taken by the government is the establishment of the National Semiconductor Strategic Committee (NSSTF) to facilitate collaboration between the government, industry players, universities, and relevant stakeholders to put the Malaysian semiconductor industry at the forefront of the keep and ensure the continued growth of electronics. and electrical industry, especially the semiconductor sector, as a major contributor to the Malaysian economy.
The government also aims to empower Malaysia as a preferred green investment destination as well as remove barriers and bureaucracy in the provision and accessibility of renewable energy, especially for the new technology industry, including data centers, said Amir Hamzah .
He also said the country’s investment outlook has reached an incredible level, with approved investments rising to RM329.5 billion in 2023 from RM268 billion in 2022.
He said about 74 percent of the manufacturing projects approved between 2021 and 2023 have been completed or are in the process.
In addition, Amir Hamzah said the larger initial phase construction completed in 2023 (RM31.5 billion) and 2022 (RM26.3 billion) shows a positive trend for future investment opportunities.
“Of a total of 5,101 investment projects approved in 2023, as many as 81.2 percent or 4,143 projects are in the services sector, 883 projects in the manufacturing sector, and 75 projects in other related sectors,” he said.
Before this, Amir Hamzah met with international investors in New York and Washington to explain the direction of implementation of the MADANI Economic framework to improve investor confidence in Malaysia’s economic level and strengthen the perception and investment sentiment of foreign investors towards the country.
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