Malaysia’s approved investments up 7.7% to RM207.9 billion in 2016

KUALA LUMPUR: In 2016, Malaysia attracted RM207.9 billion in total approved investments for 4,972 projects in the manufacturing, services and primary sectors.
This was a 7.7% increase compared with the previous year's total approved investments which amounted to RM193.0 billion.
Speaking at a press conference announcing Malaysia's investment performance for 2016, International Trade and Industry Minister Datuk Seri Mustapa Mohamed said a modest growth is expected for this year, in line with the uncertain economic conditions.
The services sector emerged as the major contributor last year with RM141.2 billion, followed by the manufacturing sector with RM58.5 billion.
Last year also saw an inflow of domestic direct investments (DDI) amounting to RM31.1 billion, surpassing the foreign direct investments (FDI) which amounted to RM27.4 billion.