NIMP 2030 investment details to be announced in Budget 2024: Zafrul

KUALA LUMPUR – The government will announce part of the details on investment allocations for the New Industrial Master Plan 2030 (NIMP 2030) in the Budget 2024 announcement, which is slated on October 13.

Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said almost 10% of the allocation was from the government’s development expenditure. 

“Half of the details will be announced in Budget 2024, and half of it is already there or allocated before this. We will explain the details in the near future,” he told reporters after the launch of NIMP 2030 here today.

Earlier in his speech, Prime Minister Datuk Seri Anwar Ibrahim said the government is fully committed to supporting the implementation of the NIMP 2030. 

He said NIMP 2030 will require an estimated total investment of RM95 billion through its seven years, predominantly from the private sector mobilised from private equity, capital and the financial markets.