The Malaysian Investment Development Authority (Mida) is targeting for RM170 billion investments in manufacturing and services sector by the year-end.
Deputy chief executive officer Datuk Phang Ah Tong said that for the first six months of the year, the authority had approved some RM49 billion of investments in manufacturing sector and RM62 billion in services sector.
"So this means the investments for both segments were already more than RM110 billion. But, by the end of this year, we still expect to secure at least RM170 billion in total investments for the two segments," he told reporters after the opening of a new Bosch sales office in Bukit Indah, Johor Baru, on Tuesday.
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Deputy chief executive officer Datuk Phang Ah Tong said that for the first six months of the year, the authority had approved some RM49 billion of investments in manufacturing sector and RM62 billion in services sector.
"So this means the investments for both segments were already more than RM110 billion. But, by the end of this year, we still expect to secure at least RM170 billion in total investments for the two segments," he told reporters after the opening of a new Bosch sales office in Bukit Indah, Johor Baru, on Tuesday.
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