Malaysia’s FDI attraction rises in Q2
Malaysia's foreign direct investment (FDI) increased to MYR 9.08 billion ($2.2 billion) in the second quarter of 2024, reflecting a strong inflow of foreign capital.
Petronas Twin Tower in Kuala Lumpur, Malaysia. Photo courtesy of thesundaily.my.
Most of the capital came to manufacturing and services, especially in information and communication and wholesale & retail activities. Key sources of FDI were Japan, Singapore, and Hong Kong.
The Ministry of Investment, Trade, and Industry (MITI), through the Malaysian Investment Development Authority (MIDA), continues to promote national economic growth by attracting quality investments, both foreign investment (FI) and domestic investment (DI).
MITI Minister Tengku Zafrul Abdul Aziz outlined seven government strategies to balance FI and DI, including policy reforms. They aim to ensure sustainable growth and strengthen Malaysia's industrial ecosystem.
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