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SEREMBAN: Malaysia continues to attract investors with the approval of 1,411 projects valued at RM35.1 billion in the first quarter of the year.
International Trade and Industry Minister Datuk Seri Mustapa Mohamed said the services sector was tops with RM17.6 billion.
For domestic investment, this sector remains the largest with RM12.1 billion (53.1 per cent) of the total approved during this period.
“It is believed that this sector will play a bigger role in the country’s economic growth this decade.”
The manufacturing sector, he said, attracted RM15.1 billion, followed by the primary sector with RM2.3 billion. The projects were expected to generate 43,907 jobs.
Mustapa said this during a visit to Samsung SDI Energy Malaysia Sdn Bhd (Samsung SDI) factory in Senawang, near here, yesterday.
He said Samsung SDI was among the country’s largest investors with RM2.2 billion over five years, starting from the end of last year.
“This is the biggest investment the company has made, compared with the RM1.5 billion investment it made when it first came to the country about 30 years ago.”
He said the company’s latest investment involved the manufacturing of eight million units a month of lithium ion cells and battery packs for export.