Negri Sembilan has attracted over RM27b in investments since 2004
SEREMBAN: Negri Sembilan has successfully attracted foreign and domestic investments amounting to RM27.42 billion from 2004 to 2017, according to the state government's portal.
The investments came from 489 projects approved by the state government, it said in a report.
Of the total, 265 projects, or 58%, were new projects while the remaining 224 were for business expansion.
"Foreign investors were the biggest contributors to investments in the state, accounting for 71%, or RM18.13 billion, while domestic investors contributed RM9.29 billion.
"South Korea was the largest investor with investments of RM5 billion, followed by Japan (RM1.8 billion), China (RM1.2 billion), Singapore (RM1.1 billion) and the United Arab Emirates (UAE) (RM1.0 billion)," said the report.
The five main industry sectors were electrical and electronics involving investments of RM4.9 billion and the creation of 7,730 jobs, followed by non-metallic minerals (RM3.4 billion, 3,555 jobs) and chemicals and chemical products (RM2.8 billion, 2,843 jobs).
Other sectors were textiles and textile products involving investments of RM2.5 billion and providing 7,050 job opportunities, and automotive and transport equipment involving investments of RM2.5 billion and offering 4,482 job opportunities.
The report said among the largest investors in the state were Coca-Cola Bottlers (M) Sdn Bhd and Messier Bugatti Dowty (M) Sdn Bhd, Asia's first carbon brake production plant.
Other investors included Safran from France, the world's leading player in producing aircraft landing products and braking systems, and Kayaku Safety Systems (M) Sdn Bhd from Japan, which is among the world's main suppliers of car airbag inflators and micro gas generators in seatbelts,
Among the companies that are expected to invest in Negri Sembilan this year or 2019 are Ajinomoto Bhd from Japan, Novugen Pharma (M) Sdn Bhd from UAE, Auric Pacific from Singapore, Sapura Industrial Bhd from Malaysia and Pan Asian Dairies (M) Sdn Bhd from UAE. — Bernama