KWAP plans RM1.5 billion investment through Dana Pemacu
The fund also outlined allocations for start-ups, climate investments, semiconductors and student accommodation.
Foreign and domestic investment, new plants, expansion plans and funding.
The fund also outlined allocations for start-ups, climate investments, semiconductors and student accommodation.
The Budget 2027 allocation increases the fund to RM10 billion, with RM3.8 billion already approved from its original allocation.
The Selangor project will supply Proton, with annual capacity of 200,000 units and deliveries scheduled to begin in March 2027.
The RM1.2 billion allocation under Budget 2027 includes support for Selangor through a joint fund with the state government.
Potential buyer HNG Capital has exclusivity for due diligence on the 2,433 acres, with the option to terminate the agreement over unsatisfactory findings.
The government will also provide Matrade with RM60 million to help Malaysian companies develop their capacity for overseas expansion.
AIM is to receive RM3 billion, while Bank Simpanan Nasional will provide RM1.7 billion under the Budget 2027 measures.
The increase will cover over four million workers, with an exemption for MSMEs whose annual revenue falls below RM50 million.
Ship purchase and construction loans will attract fixed stamp duty of RM2,000 for amounts up to RM100 million, and RM5,000 above that threshold.
Private investment is projected to grow by 7.1%, with spending directed towards technology-intensive services and manufacturing.