What is the expected job creation from RM254.7b approved investments?

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Approved Investments Expected to Create Over 159,000 New Jobs

Malaysia has seen a significant increase in approved investments, reaching RM254.7 billion for the period of January to September 2024. This figure represents a 10.7% rise compared to the RM230.2 billion recorded during the same nine months in 2023. These approved investments are associated with 4,753 distinct projects.
Job Creation Projections

The substantial inflow of approved investments is projected to generate a considerable number of employment opportunities. Specifically, these 4,753 projects are anticipated to create approximately 159,347 new jobs across various economic sectors within Malaysia.
Investment Performance Overview

The figures for approved investments were disclosed by Prime Minister Datuk Seri Anwar Ibrahim following his chairmanship of the National Investment Council (MPN) Meeting No. 8/2024. The meeting reviewed the nation's investment performance for the first three quarters of the year.
Policy Enhancements for Competitiveness

In conjunction with the investment performance update, the MPN also confirmed guidelines for the development of sustainable data centres. These guidelines incorporate metrics for Power Usage Effectiveness (PUE) and Water Usage Effectiveness (WUE), which will serve as eligibility criteria for tax incentives under the Digital Ecosystem Acceleration Scheme (DESAC). This initiative aims to bolster policies designed to attract investment in the country's data centre sector, reflecting the government's ongoing efforts to enhance national competitiveness.

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What is the expected job creation from RM254.7b approved investments?

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