Malaysia’s Economic Corridors: A Guide for Foreign Investors
Published: December 2023In this issue of the ASEAN Briefing magazine, we provide an overview of Malaysia’s economic corridors and explore the incentives made available for investors. Finally, we discuss the promising sectors that are ripe for investments through these economic corridors.
Malaysia's economic corridors, launched in 2006 as part of the Ninth Malaysia Plan, serve as strategic tools for fostering economic growth by attracting foreign investments into the country's manufacturing sector. Spanning approximately 70 percent of Malaysia's landmass, these corridors have successfully drawn investments from both domestic and multinational giants, including Petronas, Genting Group, Siemens, Temasek Holdings, Shell, and Samsung.
Since their inception, the economic corridors have amassed an estimated investment of over 700 billion ringgit (US$150 billion). Malaysia aims for these corridors to become hubs for high-tech industries like semiconductors and establish the country as a key link in global supply chains.
In this issue of the ASEAN Briefing magazine, we provide an overview of Malaysia’s economic corridors and explore the incentives made available for investors. Finally, we discuss the promising sectors that are ripe for investments through these economic corridors.