Negri Sembilan has approved investments of RM41.5b until June 2026
KUALA LUMPUR: A total of RM41.5 billion in investments were approved for Negri Sembilan from 2023 to June 2026 under the purview of the Investment, Trade and Industry Ministry (MITI) and the Malaysian Investment Development Authority (MIDA), with the potential to create 14,953 job opportunities.
Negri Sembilan approved investments totaling RM41.5 billion from 2023 to June 2026, as announced by the Investment, Trade and Industry Ministry (MITI) and the Malaysian Investment Development Authority (MIDA). This investment plan has the potential to generate 14,953 job opportunities. Domestic investments made up 58% of the total, amounting to RM24.2 billion, while foreign investments accounted for the remaining 42%, or RM17.3 billion.
The manufacturing sector led in investment value, with RM22 billion, followed by the services sector at RM19.5 billion and the primary sector with a mere RM670,000. MITI's response to Cha Kee Chin's parliamentary inquiry revealed that the government has implemented an integrated approach to ensure these investments benefit Negri Sembilan's economy and local population.
This includes increasing local employment through new projects, expansion, and diversification, particularly in manufacturing and services, with a focus on high-skilled jobs. The government also encourages industries and technical and vocational education and training (TVET) institutions to collaborate, ensuring the local workforce's skills align with industry needs.
Additionally, the government fosters vendor development, business matching, and supply chain programmes to involve local companies, especially SMEs, in the investment value chain. The emphasis on technology, automation, digitalisation, research and development, and high-skilled jobs aims to not only increase the quantity of employment opportunities but also improve career prospects, skills enhancement, and income for the local population.
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