KUALA LUMPUR (July 25): The Ministry of International Trade and Industry (Miti) aims to attract green investments into Malaysia worth about eight times the current value, a move expected to drive socio-economic growth, according to Minister Tengku Datuk Seri Zafrul Abdul Aziz. 

“Miti aims to attract roughly eight times the current value of green investments into Malaysia.

“By extension, Selangor too will benefit from this in terms of new business opportunities for small, medium and enterprises, as well as jobs and skills developments for Selangorians in the green industry,” he said in his keynote address at the 8th Asean Business Conference on Thursday. 

Green investments in Malaysia in 2023 surged by 326% year-on-year to US$1.03 billion (RM4.81 billion), driven by an increase in large-scale deals seen specifically under the building sector, according to a report jointly published by Bain & Company, GenZero, Standard Chartered and Temasek.

This accounted for 16% of total green investments in Southeast Asia, said the report. 

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