Malaysia Attracts 97 Swedish Manufacturing Projects Worth RM7.77 Billion
Malaysia is set to welcome 97 Swedish manufacturing projects valued at RM7.77 billion by 2024, leading to the creation of nearly 6,000 jobs. The existing bilateral trade of RM3.58 billion showcases solid economic ties, bolstered by the operations of notable Swedish firms in the country.
As of 2024, Malaysia has successfully attracted 97 manufacturing projects from Sweden, amounting to RM7.77 billion. This significant influx of investment has resulted in the creation of 5,982 new jobs. This development was highlighted by Tengku Datuk Seri Zafrul Abdul Aziz, Malaysia’s Minister of Investment, Trade and Industry.
Tengku Zafrul further emphasized the strength of economic relations between the two countries, revealing that bilateral trade last year reached RM3.58 billion. This figure reflects the growing economic partnership between Malaysia and Sweden, showcasing the potential for further collaboration.
Notable Swedish companies such as Spotify, H&M, Ericsson, Volvo, and IKEA have established their presence in Malaysia, contributing to the thriving business environment. The Minister expressed optimism for the continued growth of these economic ties, indicating a mutually beneficial relationship moving forward.
In conclusion, Malaysia’s appeal for Swedish investment is evidenced by the significant number of manufacturing projects and job creation. Enhanced bilateral trade further solidifies the economic relationship between the two nations. The presence of established Swedish enterprises indicates a robust investment climate and a promising future for economic collaboration.
Original Source: www.bernama.com
