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Tengku Zafrul: RM105.3bil of investments in the works

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SOME 984 proposed projects worth an estimated RM105.3bil are under negotiations and being overseen by the Malaysian Investment Development Authority , says Tengku Datuk Seri Zafrul Tengku Aziz.

“These include 53 projects from the manufacturing sector with proposed investments of RM73.6bil, and 931 proposed projects in the services sector involving RM31.7bil,” he told the Dewan Rakyat yesterday. He said the New Investment Policy, based on the National Investments Aspirations, emphasised the importance of balanced regional development.

“For instance, Kedah and Perak can benefit from the economic spillover effect of the electrical and electronics sector in Bayan Lepas and Batu Kawan in Penang.

 

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