The Malaysian government targets 20% growth in foreign direct investment (FDI) and domestic direct investment (DDI) in 2023. In 2022, FDI contributed RM163.3 billion (61.7%) and DDI RM101.3 billion (38.3%) of total investments. Minister Tengku Zafrul emphasized improving ease of business and infrastructure. Tesla and the electrical and electronics sector are key focuses. Economy Minister Rafizi stressed structural changes over subsidies to boost industry competitiveness.GOVT TARGETS AMBITIOUS 20% GROWTH IN FDI, DDI THIS YEAR
The Malaysian government targets 20% growth in foreign direct investment (FDI) and domestic direct investment (DDI) in 2023. In 2022, FDI contributed RM163.3 billion (61.7%) and DDI RM101.3 billion (38.3%) of total investments. Minister Tengku Zafrul emphasized improving ease of business and infrastructure. Tesla and the electrical and electronics sector are key focuses. Economy Minister Rafizi stressed structural changes over subsidies to boost industry competitiveness.
