manufacturing sector

Over the last eight years the Malaysian Ministry of International Trade and Industry (MITI) has approved 142 manufacturing projects to begin operations in Terengganu with total direct capital investments of over RM28.1 billion (US$7.4 billion) During the economic slowdown of 1998, MITI approved over RM7 billion (US$1.8 billion) capital investments for Terengganu, of which over 80% involve petrochemical projects.

Over the last decade, the Malaysian economy recorded encouraging annualgrowth rates averaging 8% with inflation kept below 4% per year.Terengganu tags along with an average with an average growth rate at 6.2%, with a vibrant growth contribution from here manufacturing sector which increased at an average of over 15% annually before the world economic recession.

(Projects Approved By MITI 1991 - 1998)
Year	No. Of Projects	No. Of Employments	TOTAL INVESTMENT (RM)
Year	No. Of Projects	No. Of Employments	Local	Foreign	Total
1991	18	15,520	506,476,000	5,871,526,000	637,800,200
1992	13	3,735	562,876,057	2,463,849,722	3,026,725,779
1993	7	1,541	816,870,700	554,504,300	1,371,375,000
1994	29	6,462	2,775,131,160	1,108,374,840	3,882,506,000
1995	19	4,693	1,616,981,600	146,100,000	1,763,081,600
1996	12	1,386	2,290,445,669	48,320,000	2,338,765,669
1997	16	1,720	1,040,911,650	1,249,906,350	2,290,818,000
1998	28	3,708	4,606,260,608	2,559,044,534	7,165,305,142
TOTAL	142	38,765	14,214,953,444	14,001,625,746	28,216,579,190