Manufacturing is a key engine of growth for Malaysia

Manufacturing has significantly contributed to Malaysia’s growth

~24% contribution to GDP, with growth of
6%

Major contributor to exports; ~80% of total exports

~17% contribution to employment, with growth of 1%

Malaysia is well positioned to capitalise key trends

KEY TREND

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Geopolitical Movements

  • “Plus One” Strategy – Southeast Asia as alternative

  • Malaysia as a neutral party to capitalise US-China trade tension

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Digitalisation

  • Malaysia ahead of most Southeast Asia (SEA) countries

  • Boost digitalisation to keep ahead

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Sustainability

  • Global trend towards sustainability

  • Malaysia to be Net Zero as early as 2050

  • New growth opportunities in sustainability

Malaysia’s Unique Value Proposition

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Strategic location – middle of the world’s busiest trade routes

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High educational attainment and English-speaking talent

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Strong rule of law – stable, good for investors

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Rich in natural resources for feedstock

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Quality infrastructure

4
Missions
4
Enablers
21
Strategies
62
Action Plans
9
Mission Based Projects
21
Sectors

An industrial policy for the manufacturing - related services sector, spanning seven years until 2030

MISSION-BASED APPROACH POLICY

 

“Moonshot Thinking”

Setting ambitious goals with bold solutions to achieve transformative outcomes

 

Whole-of-nation Approach

Galvanises the public and private sectors to realise the Mission

 

Cross-cutting Strategies

Unlocks cross-cutting strategies across the sectors with focused and targeted action plans