IPOH – The Malaysian Investment Development Authority (MIDA) approved RM3.9 billion in investments, involving 55 projects, in Perak last year, said Sultan of Perak, Sultan Nazrin Shah.
He said domestic investments accounted for 71.8 per cent of the total and the rest were foreign investments.
“The amount of investments in 2016 exceeded the average growth target of 7.1 per cent set out in the Perak Industrial Development Action Plan,” the Sultan said when opening the first sitting of the fifth term of the 13th Perak State Legislative Assembly.
He added that SME Corp Malaysia (SME Corp) was involved in the implementation, coordination, as well as, collaboration with various agencies to help in the development of small and medium enterprises (SMEs) in Perak.
“In 2016, SME Corp helped in the development of 39,979 small and medium entrepreneurs and potential entrepreneurs in Perak,” he said.
On another note, Sultan Nazrin also said that the Menteri Besar Incorporated (MB Inc) managed the mineral development sector prudently, the state’s assets efficiently, redeveloped former mining sites and the conservation of mining heritage.
“The Action Plan on Perak State Mineral Development, managed by MB Inc, attracted the interest of other states to emulate its effectiveness in mineral management,” he added. – BERNAMA