Malaysia is maintaining its status as a leading investment destination for European and US investors, bolstered by significant commitments from major corporations and recent participation in the BRICS partnership. The country’s anticipated projects represent substantial investment opportunities, while trade with key global markets shows promising growth.
Malaysia continues to be a premier destination for investors from Europe and the United States, as communicated by the national news agency Bernama. Despite its recent affiliation with BRICS as a partner nation, the country has attracted significant investment interest. According to the Ministry of Investment, Trade, and Industry (MITI), there are currently 56 prospective projects with commitments amounting to nearly 20 billion MYR (approximately 4.4 billion USD) slated for implementation by December 2024.
Prominent global corporations including Intel, Amazon Web Services, Oracle, Google, and Plexus remain committed to investing in Malaysia, reinforcing the country’s status as a leading hub for over 600 US companies. MITI asserts that Malaysia’s recent entry into BRICS will enhance market access, particularly with nations lacking free trade agreements with Malaysia, such as Russia, Brazil, South Africa, and India.
In 2024, Malaysia’s trade with the United States and European nations reached 325 billion MYR (78 billion USD) and 263 billion MYR (58.9 billion USD) respectively, reflecting significant year-on-year growth rates of 30% and 4%. This upward trend underscores Malaysia’s robust economic ties with major global markets, further solidifying its investment appeal for foreign investors.
In conclusion, Malaysia’s stable investment environment remains attractive for European and US investors, as evidenced by significant financial commitments from leading international firms. The country’s strategic entry into BRICS is expected to broaden market opportunities and enhance trade performance, contributing to Malaysia’s continued economic growth and viability as a prime investment destination.
Original Source: en.vietnamplus.vn
