Malaysia Records RM254.7 Billion Investment in 2024, Boosting Economic Growth

Malaysia has approved investments worth RM254.7 billion in various economic sectors during the first nine months of this year, marking a 10.7% increase from RM230.2 billion in the same period last year, announced Prime Minister Datuk Seri Anwar Ibrahim. The investments involve 4,753 projects expected to create 159,347 new jobs. Anwar also highlighted the approval of the Guidelines for Sustainable Data Centre Development, which will be used as eligibility criteria for tax incentives under the Digital Ecosystem Acceleration Scheme (DESAC). The government is committed to improving existing policies and introducing new ones to boost the country’s competitiveness.

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