Growth in investments seen this year, says Zafrul

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Growth in investments seen this year, says Zafrul
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PARIS: Despite the gulf in their world rankings – world No. 20 and No. 1,001 – there were moments on Saturday (July 27) when Singapore’s Yeo Jia Min felt like the underdog in her Olympic badminton Group I opener against Dorsa Yavarivafa.

Tengku Zafrul said Malaysia has accumulated a total of RM329.5bil in approved investments for the manufacturing, services and primary sectors in 2023.

“There has to be some form of correlation to the GDP. The GDP targeted growth is 4% to 5% for 2024, so it has to be doubled the percent of the GDP growth, and that is the minimum number,” he told the media after the Malaysian Investment Development Authority Annual Media Conference 2024. “Facilitated by 5,101 projects, these investments will generate more than 127,332 new job opportunities for Malaysians,” he added.

“While these states registered a large proportion of the approved investments, we are working towards a more evenly distributed investment destination for other states nationwide, as outlined in the New Industrial Master Plan 2030,” he added.

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