N.Sembilan expects record RM9b investments in 2022

SEREMBAN, Dec 31 — The Negri Sembilan government is expecting overall investments to access extra than RM9 billion this calendar year, the best recorded in the state’s historical past, Menteri Besar Datuk Seri Aminuddin Harun explained.

He reported the investment momentum has strengthened in the condition with the Malaysian Expense Development Authority (MIDA) recording accredited investments totalling RM1.48 billion up to the second quarter of 2022.

“In addition, financial commitment applications of a further RM6.44 billion have been submitted to MIDA and are awaiting formal approval.

“This includes RM6 billion from Samsung SDI Strength Malaysia Sdn Bhd to establish a manufacturing unit to make electrical auto (EV) battery cells in Stage Two in Kawasan Perindustrian Tuanku Ja’afar, Senawang.

“If it goes as planned, the state federal government is assured that it will as soon as once again write-up a history substantial total financial investment of about RM9 billion with (MIDA) set to make an formal announcement,” he explained in a Facebook post.

Aminuddin claimed the state succeeded in recording investments really worth RM5.76 billion final calendar year, which exceeded its RM5 billion concentrate on in spite of going through Covid-19 constraints.

The condition recorded investments totalling RM7.93 billion involving the production sector, serious estate, finance, and trade distribution companies in 2020 as opposed to RM6.77 billion in 2019. — AFP