FDI Creates Almost 100,000 Local Jobs in Malaysia

Deputy Investment, Trade, and Industry Minister Liew Chin Tong in Malaysia revealed that out of the 98,725 jobs generated from foreign direct investments (FDIs) approved between 2022 and 2023, a significant 88 percent, totaling 86,880 jobs, were secured by Malaysians.

The manufacturing sector accounted for the bulk of these employment opportunities, with 78,033 jobs created in various sub-sectors. The top industries contributing to job creation include electrical and electronics, nonmetallic mineral products, machinery and equipment, measurement and scientific equipment, and chemical products.

Moreover, Liew highlighted the expected creation of 8,847 jobs in the services sector, particularly in support services, health, and communication and information.

Over the stated period, a total of 898 FDIs amounting to RM281.5 billion were approved under the Ministry’s supervision through the Malaysian Investment Development Authority (MIDA). These investments are not only crucial for economic growth but also facilitate knowledge, skills, and technology transfer, ultimately benefiting the nation and its people.

However, Liew noted that investment projects typically take 18 to 24 months to materialise, depending on their scale and prevailing economic conditions.