Malaysia’s manufacturing investment grows 60% year-on-year from January to September 2021

 “Nanyang Siang Pau” reported on December 24 that Azmin Ali, Senior Minister of State of the Ministry of International Trade and Industry of Malaysia, issued a statement revealing that from January to September 2021, the government approved a total of 522 projects worth RM103.9 billion. Manufacturing investment increased by 60% year-on-year or RM64.8 billion; of which, foreign direct investment increased by 133.5% year-on-year, accounting for 88.3% of the total approved investment or RM91.7 billion, and domestic investment accounted for 11.7% or RM12.2 billion currency. Meanwhile, the government approved a total of 2,473 service sector investments worth RM57.8 billion, which are expected to create 19,731 jobs; of which, domestic investment accounted for 81.1% or RM46.9 billion, while foreign direct investment accounted for RM10.9 billion .

In addition, Azmin Ali said that the real estate sub-sector has received MYR 20.1 billion in approved investments, the highest among all sectors. In addition, investments in Malaysia’s financial services, hospitality tourism and transportation services all increased. Approved investments in agriculture, animal husbandry and fisheries also increased by 827% year-on-year to RM16.1 billion, accounting for 9.1% of the total approved investments. The mining sub-sector received RM16 billion in investment, planting RM84.8 million, and agriculture RM11.5 million, which is expected to create 304 jobs.

We are sincerely pleased with the economic growth in Malaysia. In the past 2021, we have provided 37 crane projects of various types to various industries in Malaysia, which greatly encouraged our expectations for the Malaysian crane market. . As a crane supplier from China, Dongqi crane manufacturer is committed to providing the best crane solutions to the world. We believe that crane equipment from China will be widely used in Malaysia’s manufacturing, industrial and mining enterprises, logistics and transportation industries, and construction industries.

Malaysia’s manufacturing investment grows 60% year-on-year from January to September 2021