RE Boosting FDIs
July / August 2008
Global energy scarcity is spurring foreign investor interest in Malaysian renewable energy projects. According to the Malaysian Industrial Development Authority (MIDA), increased FDIs have been channeled to renewable energy projects, particularly biomass and solar, in addition to oil and gas and aerospace projects. Concluded investment deals in the solar energy sector in May 2008 stood at approximately RM7 (USD2.15) billion. Despite challenging global economic conditions, MIDA reported no reduction in FDIs. For the first four months this year, MIDA had approved RM23.9 (USD7.35) bil of investments, of which nearly 60% or RM16.6 (USD5.11) bil consisted of FDIs.
Global energy scarcity is spurring foreign investor interest in Malaysian renewable energy projects. According to the Malaysian Industrial Development Authority (MIDA), increased FDIs have been channeled to renewable energy projects, particularly biomass and solar, in addition to oil and gas and aerospace projects. Concluded investment deals in the solar energy sector in May 2008 stood at approximately RM7 (USD2.15) billion. Despite challenging global economic conditions, MIDA reported no reduction in FDIs. For the first four months this year, MIDA had approved RM23.9 (USD7.35) bil of investments, of which nearly 60% or RM16.6 (USD5.11) bil consisted of FDIs.
posted by Toyers at
6:30 PM
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