Budget allocation set to attract high-quality investments - Azmin

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An allocation of RM2.1 billion for programmes and initiatives in Budget 2022 is in response to the need to revive the country's economy, said Senior Minister International Trade and Industry Azmin  Ali.He said this will also attract new, high-quality, high-tech, and green-tech investments.This is in line with the 12th Malaysia Plan (12MP) and Malaysia's National Investment Aspirations, he added, which has environmental, social, and governance elements.“Among the initiatives in Budget 2022 to attract foreign direct investment (FDI) and increase local capacity is the Special Strategic Investment Fund to attract strategic foreign investment among multinational companies."This can complete the industry value chain and drive the creation of knowledge-based jobs and the development of local small and medium enterprises (SMEs) with the proposed RM2 billion allocation,&qu…