The economy ministry said these firms have US$28.64 billion (RM134.4 billion) in total assets under their management, Bernama reported.
They had signed the letter of intent during the KL20 Summit, which was held on April 22 and 23, at the Kuala Lumpur Convention Centre, said the ministry.
“The amount of funds expected to be brought into Malaysia will be identified after negotiations with the 12 venture capital companies are concluded,” the ministry said on Parliament’s website today.
It was responding to Shahidan Kassim (PN-Arau) who wanted to know the total amount of funds that have successfully come in since the launch of the KL20 Summit.
The ministry stated that the KL20 Summit featured the signing of 25 letters of intent involving sovereign wealth funds, start-up companies, venture capital companies and high-tech companies.
Meanwhile, the manufacturing sector, under the purview of the investment, trade and industry ministry (Miti) and the Malaysian Investment Development Authority (Mida), recorded RM194.9 billion worth of approved investments from January 2023 to March 2024.
This involved 1,135 projects that created 91,930 new jobs.
Miti said foreign investments contributed RM166.6 billion or 85.5% of the approved investments, with domestic investments contributing RM28.3 billion or 14.5%.
“Out of the total manufacturing projects approved, 445 (39.2%) from foreign investments amounting to RM37.6 billion have been realised and 29,693 jobs created,” it said in a written response posted on Parliament’s website today.
Miti was responding to a question from Ahmad Marzuk Shaary (PN-Pengkalan Chepa) on the value of foreign direct investments brought in, approved and realised from 2023 to 2024.
The ministry said the five main industries in the manufacturing sector that recorded the highest foreign investments realised were electrical and electronics (RM22.5 billion), machinery and equipment (RM9.3 billion), non-metallic mineral products (RM2.9 billion), plastic products (RM1.1 billion) and fabricated metal products (RM427.5 million).
It said the five states with the highest realised foreign investments for the period under review were Kedah, Selangor, Penang, Johor and Melaka, totalling RM36.4 billion or 86.7% of the total realised investments.
“This is an outstanding development as these projects were implemented in a shorter timeframe, compared with the typical 18 to 24 months for realisation, depending on a project’s scale and complexity as well as prevailing economic conditions,” it added.