News
Melaka attracts FDI worth RM773 million in 2018
MELAKA, March 28 (Bernama) -- Melaka attracted RM773.1 million in foreign direct investments (FDI) in 2018, mainly in the manufacturing sector.
State Industry, Trade and Investment committee chairman Datuk Mohd Rafiq Naizamohideen said the largest amount of FDI, at RM620.2 million, came from Germany and involved projects in the electrical and electronics industry that manufactures semiconductor devices, and in the machinery and equipment sector.
“This was followed by investments from Australia (RM59.5 million) and China (RM40.9 million). These three countries contributed 22.2 per cent of approved FDI in the manufacturing sector.
“Last year, the Malaysian Investment Development Authority approved 42 manufacturing projects, with RM3.25 billion in investments,” he said at a press conference in Ayer Keroh, here, today.
Mohd Rafiq said in 2018, Melaka also received RM2.48 billion in domestic direct investment and this amount showed the encouraging response from local investors in answering the government’s call for local investment to take the lead in growing the economy.
He said the state government will continue to introduce various pro-business measures to continue bolstering the confidence of investors and business owners, as well as attracting more quality investments this year.
Mohd Rafiq said the manufacturing projects approved in 2018 was estimated to create job opportunities for 1,949 people and the industries that would require skilled workers the most were the petroleum products sector including petrochemicals, as well as the electrical and electronics, metal fabrication, machinery and equipment, rubber and food manufacturing industries.
“All of these projects have created a multiplier effect for the manufacturing sector and economy, including the development of supporting industries, technology transfer, skills development, foreign exchange earnings and more.
“Apart from creating more job opportunities, investments from manufacturing companies also contribute towards the development of infrastructure and create business opportunities for small and medium enterprises in Melaka in the logistics, management, landscaping and cleaning services,” he added.
-- BERNAMA
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