E&E Segment Records Realised Investments Of RM4.8 Bln As Of June 2024

KUALA LUMPUR, Dec 5 (Bernama) -- The electrical and electronics (E&E) segment has recorded the highest realised investment performance of RM4.8 billion during the period from January to June 2024, according to the Ministry of Investment, Trade and Industry (MITI).

The ministry said the investment performance was equivalent to 69.5 per cent of the investment value realised for the manufacturing sector which recorded a total of RM9 billion manufacturing projects realised in the same period.

MITI also said that for future-driven industries involving green technology, from 2021 until June 2024, from a total of RM42 billion approved in projects involving renewable energy (RE).

It said of that amount, RM28.2 billion projects (equivalent to 67.1 per cent) have been realised.

“From the perspective of digital investments involving digital infrastructure, based on current records, from 2021 to 2023, a total of RM68.9 billion investment has been implemented," it said in a written reply published on the Dewan Negara website to Senator Datuk Lim Pay Hen's question regarding the percentage of investments involving future-driven industries that have been realised so far.

In the meantime, MITI and the Malaysian Investment Development Authority (MIDA) will continue to be proactive in introducing policy reforms to further increase investor confidence and strengthen Malaysia's position as a preferred investment destination.

“The implementation of the various initiatives will help the country achieve the goal of highly competitive investments which in turn can benefit the people and the country," it added.

-- BERNAMA