In a written parliamentary reply, Tengku Zafrul said that from January to September this year, the ministry had carried out 11 missions and six official visits led by Prime Minister Anwar Ibrahim to countries including Germany, France, Australia, Saudi Arabia, Japan and India.

“Of the RM82.6 billion in potential investments, RM30.9 billion (37.41%) has already been approved, while RM26.8 billion (32.45%) is expected to be finalised by the end of 2024.

“The remaining investments is anticipated to be confirmed between 2025 and 2027,” he said.

Tengku Zafrul said this in response to Bahktiar Wan Chik (PH-Balik Pulau), who had asked him to state the value and status of foreign investments realised versus those announced during the prime minister’s overseas visits.

He said realising these investments would require some time, particularly for manufacturing projects, which would typically take between 18 and 24 months to complete.

Tengku Zafrul said this followed the RM353.6 billion in potential investments generated through similar efforts in 2023.

“Investments amounting to RM29 billion (8.20%) are expected to be finalised in 2024, while RM289.4 billion (81.84%) is targeted to be finalised between 2025 and 2027,” he said.

Separately, Tengku Zafrul said Anwar reaffirmed Malaysia’s stance on the Ukraine conflict during his visit to Russia, calling for a peaceful resolution through dialogue.

“In his speech at the Eastern Economic Forum, the prime minister also called for international pressure to be applied on Israel to stop the genocide in Gaza,” Tengku Zafrul said.