Foreign investments

Azmin: Malaysia’s Position as the Most Attractive Destination for Foreign Investment in Southeast Asia Shows Putrajaya’s Commitment | Malaysia

A general view of downtown Kuala Lumpur on November 29, 2021. — Photo by Yusof Mat Isa

KUALA LUMPUR, 28 January – Being named Southeast Asia’s most attractive country for foreign investment in 2022 is yet another testament to the government’s commitment to elevating Malaysia’s position as a preferred investment destination, said Minister of International Trade and Industry Datuk Seri Azmin Ali.

He said the Milken Institute’s Global Opportunity Index 2022 report – which named Malaysia the best performing country among the largest economies in the region – highlights the success of the Ministry of International and Development’s efforts. Industry (Miti) in implementing policies that ensure talent preparation and protection as well as job creation for the economy.

“It is further testimony to the government’s determination, commitment and proactivity in crafting sound policies and effectively and consistently driving national reforms, which has ultimately elevated Malaysia’s standing as a as a preferred investment destination, which no doubt signifies the strong confidence of foreign investors in our agile business ecosystem and vibrant economy,” he said in a statement.

Azmin said Miti’s goal going forward will be to continue to aggressively pursue opportunities in new growth areas, foster greater industry collaborations on upskilling and retraining initiatives, and attract more strategic investments in the country.

He pointed out that Malaysia’s efforts to ease restrictions and adopt policies on its business developments earned it the top position in this year’s index, echoing the country’s commitment to strengthening institutional frameworks and to deepen regional integration through mega free trade agreements (FTAs).

“Miti will continue its efforts to drive Malaysia’s robust and sustainable growth, underpinned by an open economy, with pragmatic and business-friendly policies that foster an attractive and conducive investment climate,” he said.

Yesterday, the Milken Institute released its Global Opportunity Index, which assesses 126 countries across seven geographic regions to measure their potential attractiveness to foreign investors.

In his report, he said that Malaysia ranks first in emerging Southeast Asia as the country with the greatest potential to attract foreign investors, as it has taken steps in recent years to ease restrictions and adopt policies to take advantage of trade developments.