Investment and Trade Minister Reports RM82.6 Billion in Potential Investments
Investment and Trade Missions Yields Positive Results
The Malaysian government has reported significant progress in its investment and trade missions, with a total of RM82.6 billion in potential investments generated through such efforts this year, stated Tengku Zafrul Aziz, the Minister of Investment, Trade and Industry.
Missions and Official Visits
Tengku Zafrul revealed in a written parliamentary reply that the ministry had conducted 11 trade and investment missions and six official visits led by Prime Minister Anwar Ibrahim to countries such as Germany, France, Australia, Saudi Arabia, Japan, and India, from January to September this year.
Investment Status
Of the total potential investments, RM30.9 billion (37.41%) has already been approved, while RM26.8 billion (32.45%) is expected to be finalised by the end of 2024. The remaining investments are anticipated to be confirmed between 2025 and 2027, Tengku Zafrul said.
Realisation of Investments
Tengku Zafrul noted that realising these investments would require some time, particularly for manufacturing projects, which would typically take between 18 and 24 months to complete. This is in line with the RM353.6 billion in potential investments generated through similar efforts in 2023, with RM29 billion (8.20%) expected to be finalised in 2024, and RM289.4 billion (81.84%) targeted to be finalised between 2025 and 2027.
Ukraine Conflict Stance
Separately, Tengku Zafrul announced that Prime Minister Anwar Ibrahim reaffirmed Malaysia’s stance on the Ukraine conflict during his visit to Russia, calling for a peaceful resolution through dialogue. Anwar also called for international pressure to be applied on Israel to stop the genocide in Gaza.
Conclusion
The investment and trade ministry’s efforts have yielded significant results, with a total of RM82.6 billion in potential investments generated this year. The ministry’s commitment to facilitating trade and investment has generated substantial interest from foreign investors, and it is expected that these investments will positively impact the country’s economy.
FAQs
Q: What is the total potential investment generated through trade and investment missions and official visits this year?
A: RM82.6 billion
Q: What is the status of the approved investments?
A: RM30.9 billion (37.41%) has been approved, with RM26.8 billion (32.45%) expected to be finalised by the end of 2024.
Q: How long will it take to realise these investments?
A: Realising these investments will require time, particularly for manufacturing projects, which typically take between 18 and 24 months to complete.
Q: What is the expected timeframe for finalising the remaining investments?
A: The remaining investments are anticipated to be confirmed between 2025 and 2027.