KUALA LUMPUR, March 2 — Malaysia recorded a total of RM164 billion in approved investments through 4,599 projects in the manufacturing, services and primary sectors in 2020, said Senior Minister cum International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali.
Azmin said these investments are expected to create 114,673 jobs in various sectors of the economy once implemented.
“In contrast, a total of 5,287 projects with investments of RM211.4 billion were approved in 2019.
“This decline was weighed by the services and primary sectors which were directly impacted by declines in global demands due to the pandemic and the Movement Control Order (MCO) implementation,” he said in a statement Tuesday.
