To the economy. Tourist arrivals in 1995 was 6.59 million. Investment Policy Malaysia actively seeks foreign investment especially in industrial ventures which produce import substitutes and have significant export potential. Joint ventures with local majority ownership are the official norm. Special encouragement is given to industries which are labour intensive, industries utilizing domestic raw materials, those providing further processing of the country's primary commodities and industries which manufacture capital or intermediate goods as well as those which are export-oriented.
Foreign investment is guaranteed against nationalization and political risks.
All state governments have established development corporations directed toward helping investors Find suitable sites and facilities in specially created free trade zones and industrial estates, Individual states also offer special incentives, in some, cases, to attract industries they desire. This is a direct result of firms shifting production facilities from Hongkong and Singapore to Malaysia in response to higher production cost at home. The aim is to thereby promote intra-regional trade, expand the horizontal division of labour and attract foreign investments. Major Develompment Programmes which give Opportunities for Sri Lanka As a result of the growth in the construction industry in Malaysia in recent years, Sri Lanka has opportunities for construction industry based products such as ceramic material e.g. ceramic floor tiles. Walltiles and sanitary ware.