Malaysia has become the most attractive country in Southeast Asia for foreign investors driven by its success in attracting more than RM220 billion approved investments in 2021 for manufacturing and services sectors, according to Milken Institute Global Opportunity Index (GIO) released yesterday
Senior Minister and Minister Of International Trade And Industry Datuk Seri Mohamed Azmin Ali said that this is a further testament to the Government’s resolve, commitment, and proactiveness in developing sound policies and efficiently and constantly driving domestic reforms.
“This has ultimately elevated Malaysia’s position as a preferred investment destination, no doubt signifying the strong confidence of foreign investors in our agile business ecosystem and vibrant economy,” he said in a statement.
He said according to the report, “The best-performing country among the region’s largest economies is Malaysia. It uniformly scores above the average rating for EMDE countries in all 14 of the sub-categories.”
Azmin said that the index also reported that Malaysia secured its top spot due to its strong performance across all categories measured, namely, having a strong economic performance, offering a highly qualified workforce and being firmly integrated with the global economy.
Azmin said that aggressively seeking out opportunities particularly in new growth areas, driving greater collaborations with the industries on upskilling and reskilling initiatives and drawing more strategic investments into the country will remain MITI’s focus in securing Malaysia’s position as the most attractive foreign investment destination.
