Kuala lumpur: A series of 37 trade and investment missions, alongside official overseas visits led by the Prime Minister, have successfully generated potential investments amounting to RM493.64 billion. These investments, involving 181 projects, are projected to be realized from 2023 to 2025.

According to BERNAMA News Agency, Deputy Investment, Trade and Industry Minister Liew Chin Tong revealed that out of the total potential investments, 52 projects have already received approval, with investments valued at RM123.8 billion. Furthermore, 38 projects worth RM48.9 billion are anticipated to be finalized by 2025. The remaining RM320.9 billion in investments is expected to be finalized between 2026 and 2028, as disclosed during a question and answer session in the Dewan Negara.

In response to Senator Datuk Koh Nai Kwong's inquiry about the investment track record from overseas visits between 2022 and 2025, Liew emphasized that the Malaysian Investment Development Authority (MIDA) is currently undergoing a transformation. This transformation aims to ensure holistic and tangible economic benefits from the investments within Malaysia.

Liew highlighted that it is crucial for MIDA not only to serve as the national investment promotion agency but also to enhance the monitoring of approved investments. This enhancement is aimed at ensuring that investors comply with stipulated conditions, ultimately maximizing economic spillover effects in line with the New Investment Incentive Framework.

Additionally, the Investment, Trade and Industry Ministry is in the process of drafting the Industrial Development Bill and refining the MIDA Act. These efforts are aimed at improving the effectiveness of monitoring and ensuring that the investments deliver substantial benefits to local industries and the domestic economy.