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The Malaysian Investment Development Authority (MIDA) said it has identified 240 high-profile foreign investment projects valued at RM81.9 billion which are in Malaysia’s cross-hairs for 2021.
These projects, according to MIDA, are in the manufacturing and services sectors.
So far, MIDA said that Malaysia has received and evaluated RM47.7 billion worth of potential investments into the country.
These projects, once approved, are expected to be implemented within the year 2021 to 2022.
Malaysian Investment Development Authority
Although Covid-19 has negatively affected the Foreign Direct Investments (FDI) coming into the country, MIDA said that Malaysia still remains steadfast to accelerate quality investments.