KUALA LUMPUR – The International Trade and Industry Ministry has maintained this year’s domestic direct investment (DDI) target at RM97.9 billion, which is the same as in 2021.
Senior International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali is optimistic that Malaysia will be able to repeat its success and maintain the positive momentum.
“In the first quarter of 2022, we recorded RM42.8 billion in investment, of which RM15 billion is DDI.
“Of course, we are increasing our efforts to ensure that demand increases and can be met by small and medium enterprises and local players,” he told reporters at the Domestic Investment Seminar Series I (Central Region) organised by the Malaysian Investment Development Authority.
Earlier during the luncheon speech, Azmin said the government remains resolutely committed to nurturing the Malaysian pro-business and investment environment towards accelerating the growth of not only foreign but domestic investments as well.
He said with RM208.6 billion in foreign direct investment and RM97.9 billion in DDI last year, Malaysia continues to retain the confidence of its investors and stakeholders while strengthening its reputation as a strategic profit centre for businesses in Asia.
He added that in 2021, Malaysia achieved RM306.5 billion in approved investments in the manufacturing, services, and primary sectors, marking a spectacular growth of 83.1%.
Of this, 31.9% was in DDI, indicating a robust contribution to the overall investment performance of the country.
Meanwhile, he revealed that the top five performing domestic investment sub-sectors are real estate, utilities, hotel and tourism, global establishments, and electrical and electronics.
“These are sectors clearly indicative of much potential for further growth in view of the positive trajectory of the economic recovery,” he said. – Bernama, July 26, 2022
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