KUALA LUMPUR: A new Investment Incentive Framework (NIIF) will be unveiled by mid-2025 to attract high-value investments and promote sustainable economic growth, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz announced during a press briefing on the 2025 Budget.
The NIIF aims to prioritize investments that align with Malaysia’s long-term economic goals, focusing on high-value sectors that create quality jobs and drive technological advancements. Zafrul stated that the framework will introduce a more targeted approach, ensuring investments generate significant economic benefits.
The Ministry of Finance, in collaboration with the Ministry of Investment, Trade, and Industry (MITI) and the Malaysian Investment Development Authority (MIDA), will finalize the framework by the second quarter of this year. According to Zafrul, the initiative is part of Malaysia’s broader strategy to strengthen its competitiveness in the global market.
“This framework will evaluate investments based on a comprehensive scorecard that considers factors like job creation, wage growth, and economic complexity,” he said.
The NIIF is also expected to complement ongoing efforts such as the Johor-Singapore Special Economic Zone (JS-SEZ) and the Malaysia Madani framework, both of which aim to position Malaysia as a regional hub for innovation and development.
The government plans to implement the NIIF by the third quarter of 2025, underscoring its commitment to fostering a resilient and inclusive economy.
