Malaysia Attracts 97 Swedish Manufacturing Projects Worth RM7.77 Billion

Malaysia has attracted 97 Swedish manufacturing projects valued at RM7.77 billion, creating 5,982 jobs by 2024. Minister Tengku Datuk Seri Zafrul Abdul Aziz notes robust bilateral trade of RM3.58 billion last year, emphasizing strong economic ties. Prominent Swedish companies like Spotify and H&M are operational in Malaysia, highlighting ongoing collaboration.

As of 2024, Malaysia has successfully attracted 97 Swedish manufacturing projects, collectively valued at RM7.77 billion. This significant influx of investment underscores Malaysia’s growing appeal as a prime destination for Swedish enterprises. Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz highlighted that these investments have resulted in the creation of 5,982 jobs, further bolstering the local economy.

In a recent announcement on social media platform X, Tengku Zafrul pointed to the burgeoning bilateral trade between Malaysia and Sweden, which reached RM3.58 billion last year. He also noted the strong economic ties that have been established between the two nations, emphasizing the collaborative potential moving forward.

Minister Tengku Zafrul acknowledged the presence of numerous well-known Swedish companies already operating in Malaysia, such as Spotify, H&M, Ericsson, Volvo, and IKEA. He expressed optimism about the deepening economic relationship, stating a desire for mutual benefits to be shared between Malaysia and Sweden.

In conclusion, Malaysia’s growing relationship with Sweden is marked by significant investment and job creation. The establishment of 97 manufacturing projects adds substantial value to the Malaysian economy, while the robust bilateral trade further solidifies the partnership between both nations. Minister Tengku Zafrul’s remarks reflect a hopeful outlook for ongoing economic collaboration that serves to benefit both Malaysia and Sweden.

Original Source: www.bernama.com