Malaysia’s 2021 investments hit record USD73bn

  • Malaysia approved a record MYR306.5bn (USD73.3bn) in investments in 2021, an 83% y/y jump led by the manufacturing sector, the nation’s investment promotion agency said.
  • The manufacturing sector secured MYR195.1bn worth of projects in 2021, 114% higher y/y, with the bulk of investment going to the electrical and electronics industry, the Malaysian Investment Development Authority (MIDA) said.
  • The northern state of Penang, which is Southeast Asia’s semiconductor manufacturing hub, was the largest recipient of investments.
  • Foreign direct investments accounted for about 68% of the approved investments, more than three times than in 2020. Top foreign investors included The Netherlands, Singapore, China, Austria and Japan.

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