Friday 29 Mar 2024
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KUALA LUMPUR (Dec 13): The National Committee on Investment (NCI) has approved another four projects in the manufacturing sector worth RM5.4 billion yesterday.

It said in a statement released today, the four projects will be located in Sabah, Johor, Selangor and Pulau Pinang.

"One of the approved projects was an investment worth RM2 billion by a multinational glass manufacturer to produce float glass and photovoltaic functional glass at the Kota Kinabalu Industrial Park," it said.

The investment is expected to create over 1,000 job opportunities, with 80% of those jobs for Malaysians.

"For the first nine months of 2019, Malaysia recorded RM149 billion worth of approved investments in the services, manufacturing and primary sectors," said Minister of International Trade and Industry Datuk Darell Leiking.

He noted that it was 4.4% higher than the RM142.6 billion approved in the same period last year.

These investments involved 4,025 projects and will create an additional 93,841 job opportunities.

He noted that the Malaysian Investment Development Authority has secured 126 projects proposing to make Malaysia the principal hub, regional office or representative office, and are expected to create job opportunities for 884 knowledge-based or highly technical skilled workers.

"These projects will also position Malaysia on course for greater integration into the global supply chain," Leiking said.

The NCI is co-chaired by Leiking and Finance Minister Lim Guan Eng.

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