Can Negeri Sembilan achieve RM7 billion investment target this year?

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Negeri Sembilan Poised to Reach RM7 Billion Investment Target

The Negeri Sembilan government expresses optimism about achieving its RM7 billion investment target for the current year. This projection is supported by the state's robust performance in the second quarter, which saw RM1.95 billion in approved investments, representing a significant 24 per cent increase compared to the RM1.48 billion recorded in the same period of 2022. The state anticipates further contributions, projecting an additional RM5 billion in investments to reach the overall RM7 billion goal.
Second Quarter Investment Performance

In the second quarter of the year, Negeri Sembilan successfully attracted RM1.95 billion in investments. This figure marks a notable improvement from the RM1.48 billion secured in the second quarter of the previous year, indicating a 24 per cent growth. These investments were channelled through approvals by the Malaysian Investment Development Authority (MIDA).
Breakdown of Approved Investments

Of the total RM1.95 billion approved by MIDA in Negeri Sembilan during the second quarter, RM0.38 billion originated from foreign investors. The larger portion, RM1.57 billion, came from local sources. This demonstrates a balanced inflow of capital from both international and domestic entities within the state.
Projected Investment Growth

Building on the positive momentum, the state government is projecting an additional RM5 billion in investments to be secured by year-end. This forward-looking estimate is expected to bring the total investment for the year to approximately RM7 billion, potentially setting a new record for the state. This projection underpins the government's confidence in sustained investment interest.

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Can Negeri Sembilan achieve RM7 billion investment target this year?

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