KUALA LUMPUR: Malaysia’s concerted trade and investment outreach since 2023 has resulted in nearly RM500 billion in potential investment opportunities, highlighting the growing impact of the country’s economic diplomacy strategy.
Deputy Investment, Trade and Industry Minister Liew Chin Tong said 37 trade missions conducted over the past three years have generated RM493.64 billion in investment prospects across 181 projects.
He told the Dewan Negara that RM123.8 billion worth of projects have already been approved, while additional investments are in the pipeline and expected to be concluded over the next few years.
Liew said the government is now placing greater emphasis on ensuring that investments translate into real economic value, including technology transfer, skilled job creation and stronger domestic supply chains.
To support this objective, Mida is being restructured to enhance its monitoring role and ensure compliance with investment commitments.
In parallel, the ministry is undertaking legislative reforms to strengthen governance and accountability within Malaysia’s industrial development framework.
According to Liew, these measures are designed to ensure that Malaysia’s investment strategy remains sustainable, inclusive and aligned with national development priorities.
He added that the success of future trade missions will depend not only on attracting capital, but also on the ability to maximise long-term benefits for local industries and the wider economy.
