Malaysia is a leading investment destination for European and US companies, despite joining BRICS. The Ministry of Investment, Trade, and Industry reports 56 new projects worth nearly 20 billion MYR. Major firms like Intel and Google continue to invest, and trade with the US and Europe has significantly increased, indicating a strong economic relationship.
Malaysia continues to be a premier investment destination for European and American businesses, even after its recent partnership with BRICS, as reported by Bernama. The Ministry of Investment, Trade, and Industry (MITI) announced that as of December 2024, 56 potential investment projects, representing nearly 20 billion MYR (approximately 4.4 billion USD), have been identified for implementation.
Notable international corporations such as Intel, Amazon Web Services, Oracle, Google, and Plexus are actively committing to either new or expanded investments in Malaysia. This commitment solidifies Malaysia’s status as a choice location for over 600 US firms seeking opportunities in the region.
Furthermore, Malaysia’s participation in BRICS is expected to enhance access to broader markets, particularly with nations lacking free trade agreements with Malaysia, including Russia, Brazil, South Africa, and India. In 2024, Malaysia’s trade with the United States and European nations reached remarkable figures: 325 billion MYR (78 billion USD) and 263 billion MYR (58.9 billion USD), reflecting year-on-year growth rates of 30% and 4%, respectively.
In summary, Malaysia maintains its appeal to investors from Europe and the United States, backed by substantial commitments from major international companies. Additionally, the nation’s engagement with BRICS is projected to provide advantageous market opportunities. Rising trade figures underscore Malaysia’s robust economic interactions with Western markets, solidifying its strategic position as an investment hub.
Original Source: en.vietnamplus.vn
