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Malaysian investments in electrics and electronics to surpass 3 bln USD

Investments in the electric and electronic (E&E) sector in Malaysia ’s national key economic areas (NKEA) will exceed 10 billion MYR (3 billion USD) by the end of 2014, according to Malaysian Minister of International Trade and Industry Mustapa Mohamed.
Investments in the electric and electronic (E&E) sector inMalaysia ’s national key economic areas (NKEA) will exceed 10 billionMYR (3 billion USD) by the end of 2014, according to Malaysian Ministerof International Trade and Industry Mustapa Mohamed.

Hisstatement is supported by the fact that 57 E&E projects werelicenced in the country’s NKEA during the first seven months of thisyear, amounting to 8.4 billion MYR (2.5 billion USD) worth ofinvestment.

He also said the sector accounted for 32.9 percentof Malaysia ’s export turnover during the first eight months of2014, valued at 165.5 billion MYR (50 billion USD).

Currently,the nation has 2,200 enterprises operating in the field, accounting forapproximately 6 percent of GDP and helping Malaysia become one ofthe world’s leading semiconductor device exporters.

In 2013, the sector attracted 9.8 billion MYR worth of investment in 118 licenced projects.-VNA
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