Malaysia is recognized as a leading investment destination for European and US companies, with 56 potential projects projected to garner nearly 20 billion MYR by December 2024. Major firms like Intel and Amazon are committed to expanding their investments, while BRICS membership enhances market access. Trade with the US and Europe has significantly increased, highlighting Malaysia’s economic robustness.
Malaysia has solidified its reputation as a premier investment destination for both European and US investors, despite its recent accession to BRICS. The Ministry of Investment, Trade, and Industry (MITI) reported that by December 2024, there are 56 identified projects anticipated to attract investments totaling approximately 20 billion MYR, equivalent to 4.4 billion USD.
Prominent global corporations such as Intel, Amazon Web Services, Oracle, Google, and Plexus have reaffirmed their commitment to investing in Malaysia. This commitment solidifies Malaysia’s status as a key choice for over 600 US companies seeking opportunities.
Further, Malaysia’s partnership in BRICS is expected to widen market access to countries like Russia, Brazil, South Africa, and India, which previously had no free trade agreements with the nation. In 2024, Malaysia’s trade figures with both US and European nations reached notable highs, at 325 billion MYR (78 billion USD) and 263 billion MYR (58.9 billion USD) respectively, marking year-on-year increases of 30% and 4%.
In conclusion, Malaysia continues to thrive as an attractive hub for international investment, particularly from European and US firms. With substantial financial commitments from major international corporations and enhanced market access through BRICS, the country is poised for significant growth. The notable increase in trade figures further emphasizes Malaysia’s stable economic landscape and allure for future investments.
Original Source: en.vietnamplus.vn
