The Ministry of Investment, Trade and Industry (Miti) aims for an 8-10% increase in total approved investments for 2024, exceeding the record RM329.5 billion achieved in 2023. Foreign investments made up 57.2% of last year's total, with the services and manufacturing sectors leading. Malaysia has 1,710 projects in the pipeline with potential investments of RM87.8 billion. Miti is also in advanced talks with a major Chinese institution to enhance two-way foreign investment flows and strengthen economic ties.