Malaysia Realizes RM318.5 Billion in Manufacturing Investments, Creating Over 210,000 Jobs

Malaysia has successfully realized RM318.5 billion in manufacturing investments since 2023, generating 210,546 new job opportunities across the nation.

Datuk Seri Johari Abdul Ghani, Minister of Investment, Trade and Industry, stated that these implemented projects represent a significant portion of the RM427.9 billion in manufacturing investments approved between 2023 and March 2026. The realized investments comprise RM63.3 billion (19.9%) from domestic sources and RM255.2 billion (80.1%) from foreign investors.

According to the Ministry of Investment, Trade and Industry (MITI) and the Malaysian Investment Development Authority (MIDA), an investment is considered realized when a manufacturing project begins operations, installs machinery, or commences factory, building, or warehouse construction and leasing. Typically, projects take 18 to 24 months to implement, depending on complexity and economic conditions.

Johari also noted that Penang, Kedah, Selangor, Johor, and Negeri Sembilan recorded the highest manufacturing investment values, contributing 84.3% of the total. The government remains committed to ensuring approved investments are realized efficiently, fostering economic spillover effects, creating high-skilled employment, and developing local vendors.

In a separate development, Johari confirmed that the government will not retract its new import conditions for fully built electric vehicles (EVs). This policy aligns with the National Automotive Policy (NAP) to rationalize EV market offerings and ensure the competitiveness and sustainability of the local automotive industry.