Malaysian Investment Development Authority Identifies 433 Investment Projects worth MYR 97.4 Billion for Malaysia

The Malaysian Investment Development Authority (MIDA) has identified 433 new projects which could potentially bring in investments worth MYR 97.4 billion into the country, according to Datuk Seri Mohamed Azmin Ali, Minister of International Trade and Industry of Malaysia.

Mohamed Azmin stated that these high-impact projects are likely to directly impact Malaysia’s economic growth, and added that although the country was affected by the COVID-19 pandemic, several initiatives, such as the granting of tax exemptions under the Prihatin Rakyat Economic Stimulus Package (Prihatin) initiative, have been introduced.

These include tax exemp...