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Malaysia Records RM153.2 Billion Investments In The First Nine Months Of 2015

Malaysia attracted a total of RM153.2 billion worth of investments in the manufacturing, services and primary sectors for the first nine months of 2015, International Trade and Industry Minister Dato’ Sri Mustapa Mohamed said.

This was lower than the RM180 billion approved in the same period last year. The drop was mainly due to a big decline in the approvals for investments in the real estate sector from RM57.9 billion in the period January-September 2014 to RM 21.0 billion in the same period this year. This is consistent with the softening in the property market.

Approvals in the other sectors however, especially manufacturing, remained robust. “This indicates that investor confidence in Malaysia remains high despite the decline in global FDI inflows and the challenging global economic environment,” he said.

The investments approved were in 3,727 projects and are expected to generate 139,720 job opportunities for Malaysians. Domestic investments of RM124.9 billion accounted for 82% of investments, with foreign investments making up the rest.

The services sector accounted for the largest share of the total investments, contributing 54.0% or RM82.7 billion, followed by the manufacturing sector with investments of RM67.7 billion or 44.2%, and the primary sector with approved investments of RM2.8 billion or 1.8%.

MANUFACTURING SECTOR

Malaysia continues to be a competitive location for manufacturing projects. A total of 522 projects worth RM67.7 billion were approved in January-September 2015 compared with RM63.3 billion in 622 projects in the corresponding period of 2014, representing an increase of 7% in capital investments.

Dato’ Sri Mustapa noted that investors have responded positively to the Government’s initiatives towards promoting investments in capital-intensive, high-value added and high technology projects. This is reflected in the increase of the capital investment per employee (CIPE) ratio from RM970,938 in the first nine months of 2014 to RM1,349,298 during the same period of this year.

Regional Corridors attracted 43.5% of approved investments in the manufacturing sector for January-September 2015. By value of investments in projects with approved Manufacturing Licence, the Sarawak Corridor of Renewable Energy (SCORE) registered the highest level with investments of RM10.6 billion, followed by Northern Corridor Economic Region (NCER) at RM6.6 billion, Iskandar Malaysia at RM3.3 billion, Eastern Corridor Economic Region (ECER) at RM1.8 billion, and Sabah Development Corridor (SDC) at RM0.3 billion.

Investments in SCORE were largely due to an Oil & Gas project, which attracted RM10.4 billion in Bintulu, Sarawak. Investments in NCER were dominated by the RM4.2 billion investments in the electrical and electronics industry. Iskandar Malaysia continued to draw projects within food manufacturing (RM1.4 billion), chemical & chemical products (RM497.8 million), fabricated metal products (RM423.4 million) and machinery & equipment (RM206.9 million). Notably, Iskandar Malaysia’s Oil & Gas activities are concentrated in the Tanjung Langsat and Tanjung Bin areas.

The full potential of South Johor is complemented by the Pengerang area. The Pengerang Integrated Complex (PIC) project, the biggest contributor to Johor’s approved investments for the first nine months of this year, is moving on a steady course. This project is expected to meet future energy requirements and strengthen PETRONAS’ position as a key player in the Asian chemicals market as it focuses on differentiated and specialty chemicals.

ECER received 20 manufacturing projects during this period, which are expected to generate 1,280 employment opportunities, while SDC attracted a total of 8 manufacturing projects with investments of RM338.2 million during the first nine months of 2015.

SERVICES SECTOR

Approved investments in the services sector contracted slightly in the first nine months of this year compared with the corresponding period of 2014. This was mainly due to the softening of the property market that led to the lower investments in the real estate sector, which recorded RM21.0 billion for the first 9 months of this year compared with RM57.9 billion in January-September 2014.

However, investments in majority of the key services subsectors registered increases. Among them include the MSC status approvals with an increase of 63% to RM3.8 billion in January-September this year. This was followed by utilities subsector which escalated 62% to RM10.1 billion and the health services subsector that saw an increase of 50% to RM3.3 billion. The education services registered a 26% increase to RM1.5 billion while hotel & tourism saw a rise of 7% to RM4.8 billion.

The potential employment for the approved services projects for January-September 2015 has also increased by 13.2% (88,433) compared with the potential employment opportunities for the same period last year (78,153).

For the period January-September 2015, MIDA approved 173 projects on Global Establishments proposing to make Malaysia their Global Operations Hubs, Principal Hubs, Operational Headquarters, International Procurement Centres, Regional Offices, Representative Offices and Treasury Management Centres for businesses. Investments in these projects were valued at RM7.1 billion, with significant spin-off effects on the economy. These activities are expected to create job opportunities for more than 3,700 knowledge-based or highly technical-skilled workers, as well as putting Malaysia on course for greater integration into the Global Supply Chains/Global Value Chains. Out of the total, MIDA has approved 3 Principal Hub projects with investments worth RM703.7 million since its introduction on 1 May 2015.

PRIMARY SECTOR

Investments in the primary sector decreased from RM12.2 billion to RM2.8 billion in the first nine months of 2015, attributed by lower investments in the upstream oil and gas activities and the challenge of lower global crude oil prices. Industry players in the oil and gas sector are rationalising and streamlining their operations to make their projects economically viable at the current oil price range.

Dato’ Sri Mustapa, while noting that the total investments for the first nine months of 2015 were lower than the RM180 billion during the same period last year, pointed out that Malaysia’s achievement was still commendable given the global economic environment.

“Malaysia continues to be a preferred investment destination despite falling global FDI flows. And the high rate of domestic investments demonstrates the confidence of Malaysian investors in the Government’s Economic Transformation Programme. The outlook for the full year of 2015 would still be encouraging, with approval levels in the manufacturing sector being on track. I am optimistic that the services sector, with the exception of the real estate industry, will also deliver a similar performance,” he said.

Malaysia Records RM153.2 Billion Investments In The First Nine Months Of 2015


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Malaysia attracted a total of RM153.2 billion worth of investments in the manufacturing, services and primary sectors for the first nine months of 2015, International Trade and Industry Minister Dato’ Sri Mustapa Mohamed said.

This was lower than the RM180 billion approved in the same period last year. The drop was mainly due to a big decline in the approvals for investments in the real estate sector from RM57.9 billion in the period January-September 2014 to RM 21.0 billion in the same period this year. This is consistent with the softening in the property market.

Approvals in the other sectors however, especially manufacturing, remained robust. “This indicates that investor confidence in Malaysia remains high despite the decline in global FDI inflows and the challenging global economic environment,” he said.

The investments approved were in 3,727 projects and are expected to generate 139,720 job opportunities for Malaysians. Domestic investments of RM124.9 billion accounted for 82% of investments, with foreign investments making up the rest.

The services sector accounted for the largest share of the total investments, contributing 54.0% or RM82.7 billion, followed by the manufacturing sector with investments of RM67.7 billion or 44.2%, and the primary sector with approved investments of RM2.8 billion or 1.8%.

MANUFACTURING SECTOR

Malaysia continues to be a competitive location for manufacturing projects. A total of 522 projects worth RM67.7 billion were approved in January-September 2015 compared with RM63.3 billion in 622 projects in the corresponding period of 2014, representing an increase of 7% in capital investments.

Dato’ Sri Mustapa noted that investors have responded positively to the Government’s initiatives towards promoting investments in capital-intensive, high-value added and high technology projects. This is reflected in the increase of the capital investment per employee (CIPE) ratio from RM970,938 in the first nine months of 2014 to RM1,349,298 during the same period of this year.

Regional Corridors attracted 43.5% of approved investments in the manufacturing sector for January-September 2015. By value of investments in projects with approved Manufacturing Licence, the Sarawak Corridor of Renewable Energy (SCORE) registered the highest level with investments of RM10.6 billion, followed by Northern Corridor Economic Region (NCER) at RM6.6 billion, Iskandar Malaysia at RM3.3 billion, Eastern Corridor Economic Region (ECER) at RM1.8 billion, and Sabah Development Corridor (SDC) at RM0.3 billion.

Investments in SCORE were largely due to an Oil & Gas project, which attracted RM10.4 billion in Bintulu, Sarawak. Investments in NCER were dominated by the RM4.2 billion investments in the electrical and electronics industry. Iskandar Malaysia continued to draw projects within food manufacturing (RM1.4 billion), chemical & chemical products (RM497.8 million), fabricated metal products (RM423.4 million) and machinery & equipment (RM206.9 million). Notably, Iskandar Malaysia’s Oil & Gas activities are concentrated in the Tanjung Langsat and Tanjung Bin areas.

The full potential of South Johor is complemented by the Pengerang area. The Pengerang Integrated Complex (PIC) project, the biggest contributor to Johor’s approved investments for the first nine months of this year, is moving on a steady course. This project is expected to meet future energy requirements and strengthen PETRONAS’ position as a key player in the Asian chemicals market as it focuses on differentiated and specialty chemicals.

ECER received 20 manufacturing projects during this period, which are expected to generate 1,280 employment opportunities, while SDC attracted a total of 8 manufacturing projects with investments of RM338.2 million during the first nine months of 2015.

SERVICES SECTOR

Approved investments in the services sector contracted slightly in the first nine months of this year compared with the corresponding period of 2014. This was mainly due to the softening of the property market that led to the lower investments in the real estate sector, which recorded RM21.0 billion for the first 9 months of this year compared with RM57.9 billion in January-September 2014.

However, investments in majority of the key services subsectors registered increases. Among them include the MSC status approvals with an increase of 63% to RM3.8 billion in January-September this year. This was followed by utilities subsector which escalated 62% to RM10.1 billion and the health services subsector that saw an increase of 50% to RM3.3 billion. The education services registered a 26% increase to RM1.5 billion while hotel & tourism saw a rise of 7% to RM4.8 billion.

The potential employment for the approved services projects for January-September 2015 has also increased by 13.2% (88,433) compared with the potential employment opportunities for the same period last year (78,153).

For the period January-September 2015, MIDA approved 173 projects on Global Establishments proposing to make Malaysia their Global Operations Hubs, Principal Hubs, Operational Headquarters, International Procurement Centres, Regional Offices, Representative Offices and Treasury Management Centres for businesses. Investments in these projects were valued at RM7.1 billion, with significant spin-off effects on the economy. These activities are expected to create job opportunities for more than 3,700 knowledge-based or highly technical-skilled workers, as well as putting Malaysia on course for greater integration into the Global Supply Chains/Global Value Chains. Out of the total, MIDA has approved 3 Principal Hub projects with investments worth RM703.7 million since its introduction on 1 May 2015.

PRIMARY SECTOR

Investments in the primary sector decreased from RM12.2 billion to RM2.8 billion in the first nine months of 2015, attributed by lower investments in the upstream oil and gas activities and the challenge of lower global crude oil prices. Industry players in the oil and gas sector are rationalising and streamlining their operations to make their projects economically viable at the current oil price range.

Dato’ Sri Mustapa, while noting that the total investments for the first nine months of 2015 were lower than the RM180 billion during the same period last year, pointed out that Malaysia’s achievement was still commendable given the global economic environment.

“Malaysia continues to be a preferred investment destination despite falling global FDI flows. And the high rate of domestic investments demonstrates the confidence of Malaysian investors in the Government’s Economic Transformation Programme. The outlook for the full year of 2015 would still be encouraging, with approval levels in the manufacturing sector being on track. I am optimistic that the services sector, with the exception of the real estate industry, will also deliver a similar performance,” he said.

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Posted on : 18 December 2015

Malaysia Records RM153.2 Billion Investments In The First Nine Months Of 2015


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Shah Alam, Selangor, 18 December 2020 – Panasonic Appliances Air-conditioning Malaysia Sdn. Bhd. (PAPAMY) and Universiti Malaya (UM) have agreed to establish cooperation by signing a Memorandum of Understanding (MOU) for Academic- Industrial Collaboration. The MOU signing ceremony was witnessed by Mr. Ahmad Khairuddin Abdul Rahim, Deputy Chief Executive Officer II of the Malaysian Investment Development Authority (MIDA).

The signing of the MoU establishes a strong framework for strategic collaboration of Masters and PhD research projects, industrial training and job placements as well as research between UM’s professors, researchers and PAPAMY. The immediate scope of focus for this collaboration will be in the area of Industry 4.0 enhancement, particularly in the field of manufacturing and engineering excellence.

Mr. Ahmad Khairuddin commended on this partnership, saying “Panasonic’s presence in Malaysia is the prime example of how business and technology evolve as the Company has been continuously making necessary adjustments to reskill its talent and shift towards automation and robotics. While many companies are unwilling to spend for training during this turbulent time, PAPAMY has chosen to initiate an industry-academia collaboration with a reputable local university, UM that looks to elevate our workforce with relevant digital skills, resilience and agility to face the challenges posed by the uncertain economic climate.”

The Panasonic Group of Companies in Malaysia was first establishment in 1965. The Company has been continuously investing and contributing to the development of the Malaysian economy. Today, the Group continues to emphasise on human development based on the founder’s philosophy “People before Product”.

The Group’s subsidiary, PAPAMY was established in Malaysia in 1972. It continues to pursue targeted investments in its two facilities in Shah Alam, particularly in transforming its facilities into the Smart Factory concept, shifting away from more labour intensive manufacturing practices. Its facilities also include a regional R&D Centre to move up its business to undertake higher value-added and environmentally sustainable activities.

This MoU affirms the strong commitment of Panasonic towards transforming and empowering higher education through developing highly skilled knowledge and talents in line with Malaysia’s aspirations towards Industry4.0.

The Panasonic Group will continue to seek opportunities for further collaborations with top educational institutions and government agencies to establish high-level talent development programmes among Malaysians, complementing its aim of “Global technology, Local talent”.

As Malaysia is moving into the Industry 4.0 era that demands an increasing need for a combination of technical know-how, critical thinking, problem-solving capabilities as well as soft skills, our workforce needs to be advanced in fields of Industry 4.0 technology drivers such as Internet of Things (IOT) to meet the industries’ needs. MIDA hopes that this MOU which taps upon the wealth of expertise at PAPAMY and UM will be instrumental in building a talent pool that is industry-ready and dynamic for the future.

***

For further enquiries, please contact:

Ms. Azlina Hamdan

Director, Electrical and Electronics Division, MIDA

Phone: 03-2267 3791 | Email: [email protected]

Datuk Moktar Bin Mohd Salleh

Human Resource Director, PAPAMY

Phone: 03-58914124

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn and YouTube channel.

About PAPAMY

PAPAMY is the largest air-conditioning manufacturer in APAC region for Panasonic Group supplying to more than 120 countries around the world.

MIDA Bridges Academic-Industrial Collaboration between Panasonic Appliances Air-Conditioning Malaysia (PAPAMY) and Universiti Malaya


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Cyberview Sdn. Bhd. (Cyberview) today signed a Memorandum of Understanding (MOU) with the Malaysian Investment Development Authority (MIDA) to leverage each other’s capabilities and strength in capitalising domestic direct investment (DDI) and foreign direct investment (FDI) opportunities in Malaysia as their choice location for high and deep technology projects.

Dato’ Azman Mahmud, Chief Executive Officer of MIDA, says that the collaboration in attracting quality investment augurs well for the country’s economy as the market looks to get back in shape post the COVID-19 pandemic. “MIDA seeks to not only promote the development of our industrial ecosystems but also to ensure that the enablers are in place. This includes having the right infrastructure and facilities in place to cater to the requirements of businesses, particularly as we weather this pandemic. This MOU with Cyberview is undoubtedly a step towards this goal. As announced in Budget 2021, Malaysia is seeking to drive more investments in the fields of R&D, Global Trading Centre and Principal Hub. MIDA is optimistic that through this MOU, we will be able to facilitate our investors better as Cyberjaya could potentially be the ideal location for these investments given its well-equipped infrastructure and connectivity, comprehensive smart city masterplan and close radius to public and private universities supplying knowledge workers. We trust that it will translate more quality investments coming into Malaysia, particularly within the technology sphere.”

Najib Ibrahim, Managing Director of Cyberview, said, “We will be working closely with MIDA to entice and bring home sustainable investments in high value services activities including Principal Hub and Global Distribution Centers, innovative and technology-based services. We also aim to increase job opportunities, particularly in tech-related fields as well as encourage capital transfers into Cyberjaya, and ultimately Malaysia. We are confident that this MOU will enhance our city’s innovative ecosystem by spurring R&D&C activities, with efforts focused on technology clusters such as smart mobility, smart healthcare and digital creative, however we are not entirely limited to these three areas. These areas are part of our new masterplan for Cyberjaya that aims to create a unique identity for the smart city as a preferred tech investment location.”

“Forward-looking companies with innovation high on their agenda have been able to focus on gaining their competitive edge amidst the volatility and uncertainties of today’s business environment. Companies are now starting to recognise digitalisation and innovation as strategic elements to ensure business resiliency, continuity, and growth. Organisations that are looking for a quick start to their digitisation journey can explore global tech hubs like Cyberjaya that offers an innovation ecosystem supported by affordable infrastructure, a wealth of human capital, incentives as well as government and regulatory support,” Najib Ibrahim added.

The Government has mandated Cyberview to catalyse Cyberjaya’s journey towards becoming a global tech hub. In its new role as the tech hub developer, Cyberview will focus on key initiatives to advance the development of Cyberjaya, including efforts to cultivate a robust and well-developed ecosystem for the city’s existing and potential companies.

For media enquiries, please contact: 

Sikh Shamsul Ibrahim Sikh Abdul Majid 

Director, Foreign Investment Promotion Division 

Malaysian Investment Development Authority (MIDA) 

Phone : +603 2267 6633 Email : [email protected]

Nadia Azmi 

Asst. Manager, Public Relations Strategic Communications & Marketing Business, 

City and Communications Division Cyberview Sdn Bhd 

HP : (016) 260 3520 Email : [email protected]

Note to Editors 

About MIDA MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram and Facebook, LinkedIn and YouTube channel.

About Cyberview Sdn Bhd Cyberview has been at the forefront of Malaysia’s development as a technological hub since its inception in 1996. Starting out as the landowner of Cyberjaya, it has grown from strength to strength, until maturing into its current role as the tech hub developer of Cyberjaya. For more information, please visit http://www.cyberview.com.my.

Investors and businesses that are interested in setting up operations in Cyberjaya can contact CISC for end-to-end assistance and facilitation. Services offered include facilitation of market and ecosystem-related matters, talent sourcing, expatriate processes involved and facilitation on land and buildings available in Cyberjaya. The centre also serves as a City Services & Cybercity Manager, facilitating enquiries regarding the township and community of the smart city. To get in touch with the CISC, do call or WhatsApp +603-8750 5170 or email [email protected]

Cyberview and MIDA Signed MoU for Collaboration to Attract Investments in High Value and Technology-based Services


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Kuala Lumpur, 3 December 2020 – The Malaysian Investment Development Authority (MIDA), Korean SMEs and Startups Agency (KOSME), together with the Korea Desk, a dedicated unit jointly set up by MIDA and KOSME successfully held a ‘Korea-Malaysia Technology Matching Session’ from 30 November 2020 to 2 December 2020. This virtual business matching session is the second session of its kind following its first edition in August this year.

To ensure a productive session, KOSME shortlisted Korean companies seeking Malaysian counterparts for technology transfer undertakings, partnerships, joint ventures and OEM producers. A total of 12 Korean companies from various industries and niches participate in this three-day event. These include electrical and electronics (E&E), green technology and medical industry players.

Simultaneously, Malaysian companies identified by MIDA for the session were seeking to acquire advanced Korean technology to improve their operational productivity and facilities; as well as potential OEM or joint-venture opportunities to expand their domestic and global clientele. More than 50 companies in relevant industries actively participated in the matching session.

Malaysia and Korea have a long-standing business partnership. As at June 2020, a total of 387 manufacturing projects with Korean participation, amounting to RM26.6 billion (USD8.0 billion) have been implemented in the country. These investments were primarily concentrated in industries such as chemical and chemical products, E&E, petroleum products (including petrochemicals), basic metal products and non-metallic mineral products; creating more than 53,032 jobs for the economy.

Additionally, in the first nine months of 2020, seven (7) manufacturing projects with Korean participation were approved, with investments worth RM1.4 billion (USD331.6 million). These projects are to create employment opportunities for 686 people.

To sustain this investment momentum, the Korea Desk is mandated to provide hands-on facilitation support to Korean investors in Malaysia and promote further business partnerships between the two countries. KOSME is a Korean governmental agency that supports Korean SMEs by providing financing schemes, comprehensive training programs, consultation services and globalisation programmes.

In recent decades, Malaysia, through MIDA, has been welcoming high technology, high value-added, knowledge-and capital-intensive foreign direct investments. The agency has been leveraging an ecosystem approach in targeting investors to complete the gaps in the value chain of industry in Malaysia. MIDA is optimistic that investors will find the country’s well-established local supporting industry network and business infrastructure ideal to set up their operations to do business in the region and beyond.

Furthermore, MIDA has been strategically targeting projects for technological advanced products and services by staying abreast with megatrend developments, including Industry 4.0. Given the rapid evolution of industries in line with technological developments within cyber-physical systems, it is crucial for Malaysia to embrace this trend to remain competitive in the global business landscape. Collaborations between Korean and Malaysian companies in high-value sectors such as ICT, data analytics, design and development will be instrumental in propelling Malaysian companies up within the global value chain; enabling the rise of more local champions.

Companies are urged to seize the opportunity to leverage on the various initiatives and facilities offered by the Government to move towards Industry 4.0. These include Domestic Investment Strategic Fund (DISF), Automation Capital Allowance (ACA) for companies undertaking automation, Industry4WRD Intervention Fund, as well as Smart Automation Grant (SAG). More information can be obtained on the MIDA website at www.mida.gov.my.

*****

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram and Facebook, LinkedIn and Youtube channel.

About KOSME

The Korea SMEs and Startups Agency (KOSME) is a non-profit, government-funded organisation established to implement government policies and programmes for the sound growth and development of Korean SMEs. KOSME, through its 31 regional offices; annually provides various financing schemes of USD3.5 billion for SMEs to expand operations, develop new products and convert their business structures. It also offers comprehensive human resource development courses in five (5) training centres, and runs 19 youth startup academies to foster young entrepreneurs in Korea. For the globalisation of SMEs, KOSME conducts overseas marketing and global cooperation programs through its 24 overseas presence.

For more information, please contact:

Mr. Nazuki Abdullah 

Director, Domestic Investment and Supply Chain Coordination Division, MIDA 

Tel.: 03- 2267 3744| Email: [email protected]

Mr. Chon Yong Ho 

Korean Director of Korea Desk, MIDA 

Tel.: 03-2263 2500 | Email: [email protected] 

MIDA, KOSME & Korea Desk Join Hands to Promote More Business Partnerships between Malaysia and Korea


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Kuala Lumpur, 2 December 2020 – The Ministry of International Trade and Industry (MITI) today launched the Smart Automation Grant (SAG) aimed at encouraging the adoption of automation for industry players, particularly local manufacturers and service providers.

YB Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry said, “The Government, through the Malaysian Investment Development Authority (MIDA) is committed in driving Malaysia’s industry and businesses towards automation and digitalisation. It goes beyond having the right solution providers and talents in place; it is also about ensuring that the need for accessible financial aid is met.

The Smart Automation Grant is timely to boost strategic domestic investments that will assist and incentivise the small and medium enterprises (SMEs) and mid-tier Companies (MTCs) to future-proof their operations, production and trade channels,” he added.

This SAG initiative is part of the RM100 million allocation within the National Economic Recovery Plan or PENJANA, which was announced in June 2020. This grant will be awarded on a matching basis or 50 per cent of total eligible expenditures, up to a maximum grant cap of RM1 million per company.

SMEs and MTCs that have been undertaking manufacturing or services activities in the past 12 months are eligible to be considered for SAG. To qualify for the incentive, the automation machine, equipment or software purchased must be used directly in the company’s value chain to improve their productivity and efficiency. Improvements will be assessed on a range of criteria such as reduction of unskilled workers, man-hours, defect rate as well as the increase in production volume. Interested stakeholders are able to submit their application for SAG to MIDA from 1 November 2020 to 31 December 2021.

“The Government is optimistic that this grant will see to a more robust uptake of automation and digitalisation efforts in the country to meet the technologically evolving global supply chain today. SAG will not only improve Malaysia’s industrial competitiveness and capabilities but also reduce our reliance on low-skilled foreign workers while creating new job opportunities in high value-added sectors,” said YB Dato’ Seri Mohamed Azmin Ali.

Furthermore, MIDA, in collaboration with selected panel banks, will be organising an Acceleration Programme for Smart Automation Grant to create awareness and provide financial guidance to companies on automation and digitalisation through a series of simulation training and evaluation sessions.

**** 

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn and YouTube channel.

For more information, please contact:

Ms. Masni Muhammad 

Director, Strategic Planning and Policy Advocacy (Manufacturing) Division, MIDA 

Email: [email protected] | DL: +603 2267 6786

Smart Automation Grant (SAG) to Enable Future-Proofing of Local Businesses


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Kuala Lumpur, 1 December 2020 – Malaysia recorded a total of RM109.8 billion worth of investments in the manufacturing, services and primary sectors for the first nine months of 2020. These investments involved 2,935 projects and will create 64,701 jobs opportunities in Malaysia.

Of the total investments approved, domestic direct investments (DDI) accounted for 61.2 per cent, or RM67.2 billion, while foreign direct investments (FDI) made up the rest of RM42.6 billion.

China (RM17.0 billion), Singapore (RM8.0 billion), the USA (RM2.8 billion), Switzerland (RM2.8 billion), and the Netherlands (RM2.4 billion) were the top five (5) sources of approved FDI for the manufacturing, services and primary sectors during the period.

For approved projects by state, the five major states namely Selangor, Sarawak, Sabah, W.P. Kuala Lumpur dan Pulau Pinang contributed RM76.8 billion (69.9%) to the total approved investments for January to September 2020.

The manufacturing sector attracted the largest portion of approved investments for this period, contributing more than half (59.5 per cent) or RM65.3 billion, followed by the services sector with investments of 39.0 per cent or RM42.8 billion, and the primary sector with approved investments of 1.5 per cent or RM1.7 billion.

Manufacturing Sector

In the first nine months of 2020, a total of 740 projects worth RM65.3 billion were approved compared with RM56.0 billion in 669 projects in the corresponding period of 2019, representing an increase of 16.6 per cent in capital investments. These projects will create 51,172 jobs opportunities in the economy.

The total investments approved in the manufacturing sector were mainly in the petroleum products including petrochemicals (RM15.0 billion), basic metal products (RM14.5 billion), electrical and electronics (RM7.7 billion), machinery and equipment (RM5.8 billion), chemicals and chemical products (RM4.5 billion), food manufacturing (RM3.0 billion), transport equipment (RM3.0 billion) and scientific and measuring equipment (RM2.1 billion). These industries make up 85 per cent of total approved investments for the sector.

Compared to the corresponding period last year, domestic direct investment (DDI) in the manufacturing sector saw a leap of 45.5 per cent to RM25.9 billion while the value of approved foreign direct investments (FDI) increased by 3.2 per cent to RM39.4 billion.

The states that recorded the highest total approved investments in the manufacturing sector for the period are Sarawak, Sabah, Pulau Pinang, Selangor and Johor. These states have collectively contributed RM51.3 billion (78.6%).

Meanwhile, the leading sources of FDI for the period of January to September 2020 were China, Singapore, Switzerland, the USA, the Netherlands, Thailand, Japan and Republic of Korea. These eight (8) countries jointly accounted for 91.4 per cent or RM36.0 billion of the total FDI approved in the manufacturing sector.

Service Sector

From January to September 2020, the services sectors recorded 2,180 approved projects with investments of RM42.8 billion. These approved services projects in the first nine months of 2020 are expected to create 13,390 jobs to the economy.

DDI led the total approved investments in the services sector, contributing RM40.6 billion (94.9%) where else FDI represented the remaining RM2.2 bilion.

Majority of the main services sub-sectors showed a significant decline in approved investments except for support services, MSC status projects and other services such as BioNexus status and software developments.

The top five (5) contributors of approved investments in the services sector were real estate (RM23.7 billion), utilities (RM7.2 billion), support services (RM4.0 billion), telecommunications (RM2.6 billion) and financial services (RM2.1 billion).

The support services industry under the purview of MIDA covered sub-sectors such as integrated logistics, research and development, green technology, integrated circuit design, oil and gas services and licensed warehouse.

In the first nine months of 2020, approved investments in the support services industry saw an increase of 17.9 per cent compared to the corresponding period in 2019. This is contributed by projects in green building, waste management, integrated logistics services and energy saving that recorded increases of more than 100 per cent.

Primary Sector

In January – September 2020, the primary sector attracted investments worth RM1.7 billion. This sector comprises three main sub-sectors namely mining; agriculture; and plantation and commodities will create 139 jobs in the economy.

FDI dominated the total approved investments in the sector, recording RM1.0 billion (58.8%) while DDI accounted for RM653.2 million or 41.2 per cent.

Conclusion

YB Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry (MITI), commented, “While the COVID-19 pandemic is still a battle we are fighting to overcome with the rest of the world, the Government has never wavered in prioritising the needs of our people. We are striving to ensure the livelihood of our citizens and the sustainability of businesses, not only through this pandemic but for years ahead. Thus, the Budget 2021 cements the groundwork to accelerate investments in Malaysia to spur further economic recovery and create a multiplier effect on the economy.”

i) Among the initiatives within Budget 2021 directed to the business community include:

ii) A competitive RM1 billion special incentive package for high value-added technology projects including R&D investments in aerospace and electronic clusters;

iii) Income tax rate of 0 per cent up to 10 per cent for the first 10 years and 10 per cent for the subsequent period of 10 years to manufacturers of pharmaceutical products including vaccines;

iv) A 10 per cent income tax rate for a period of 5 years and renewable for another 5 years for Global Trading Centres (GTC);

v) An extension of the Principal Hub, Industrialised Building System (IBS) components manufacturing, and shipbuilding and ship repairing industry (SBSR) incentives’ application period; and

vi) Expansion of the scope of special tax rates to selected manufacturing companies which relocate their businesses into Malaysia or undertake new investments, to include selected high-technology services sectors.

“The Government, through MIDA, looks forward to leveraging these competitive incentives to scout and entice more investors, both local and foreign alike, to capitalise on the opportunities in Malaysia fully. We are confident that investors will derive value by taping on Malaysia’s well-established local supporting industry network and talented workforce to undertake high-tech products manufacturing and high value-added services. This is to cater to their clients in the region, in the present and the future,” added YB Dato’ Seri Mohamed Azmin Ali.

***** 

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn and YouTube channel.

For more information, please contact: 

Ms. Manjit Kaur 

Director, Corporate Communications Division, MIDA 

Email: [email protected] | DL: +603 2267 3509

Malaysia Records Total Approved Investments of RM109.8 Billion in the Economy, Creating 64,701 Job Opportunities for January – September 2020


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The Association of Malaysian Medical Industries (AMMI) today announced its Medical Device Industry Status and Outlook Report 2018/2019 which is based on a survey completed by 46 AMMI members, constituting a 69% response rate. The report contains comprehensive analysis of export overview, sourcing of raw materials and components, growth in cumulative investments and challenges faced by the industry as well as the medical device industry’s outlook for 2019.

The Association of Malaysian Medical Industries (AMMI) today announced its Medical Device Industry Status and Outlook Report 2018/2019 which is based on a survey completed by 46 AMMI members, constituting a 69% response rate. The report contains comprehensive analysis of export overview, sourcing of raw materials and components, growth in cumulative investments and challenges faced by the industry as well as the medical device industry’s outlook for 2019.

According to the report, AMMI members recorded an outstanding value-added ratio of 52% in the medical device industry in Malaysia. Equally impressive is the fact that some RM3.43 billion or 59% worth of raw materials and services were locally sourced from within the country. This reflects AMMI’s commitment in supporting government initiatives to develop local small and medium-sized enterprises (SMEs).

The report also highlighted that 74% of the AMMI members surveyed indicated that they have future expansion plans in the pipeline, involving buildings, machinery, equipment, facilities and product lines. The combined projected value of these foreseeable future expansion plans is about RM1.5 billion (USD361 million).

The total value of cumulative investments reported by respondents to the association’s survey stood at RM7.0 billion, as at December 2017 – more than doubling 2013’s total of RM3.4 billion. Collective yearly investments for 2017 jumped four-fold to RM967.9 million from just RM215.2 million in 2013.

AMMI Chairman, Mr Christophe Marque noted that, “AMMI members reported that combined export sales rose to RM11.4 billion, up from RM9.7 billion the previous year. This outpaces most global indices, with a healthy 16.3% compound annual growth rate (CAGR) between 2013 and 2017. Significantly AMMI members accounted for 58% of Malaysia’s total export value of all Made in Malaysia medical devices, including medical gloves.”

“Medical devices remain among the high potential growth subsectors that are prioritised under the mid-term review of the 11 Malaysia Plan. In January-September 2018, a total of 15 manufacturing projects in this industry were approved by MIDA with investments of RM641.2 million. These projects involving implantable hearing devices, orthopaedic, endoscopy and peripheral products will contribute significantly in terms of business and job opportunities to the country,” said YB Dr. Ong Kian Ming, Deputy Minister of International Trade and Industry (MITI).

“As the industry is increasingly being driven by emerging technology, we encourage the local industry players to tap into the growing opportunities available and forge ahead with new strategies to stay competitive. Companies also need to focus on upskilling their talents, prioritise productivity, accelerate automation and innovation, and implement industry best practices,” added the Deputy MITI Minister.

In commending AMMI’s latest industry report, Dato’ Azman Mahmud, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA) said, “Malaysia continues to evolve as a manufacturing hub for medical devices in Asia, with a big majority of the medical devices manufactured in the country are meant for exports. The industry has also grown in terms of sophistication of the type of products manufactured in the medical consumables, diagnostic imaging, orthopedics and prosthetics, patient aids and other medical devices sub-sectors. Companies, especially local players, must leverage on our competitive and comparative advantages particularly in our comprehensive electrical and electronic, and machinery and equipment base in addition to the strong network of local suppliers. The medical devices industry has seen continuous new investments and expansion by domestic and foreign industry players and this trend is expected to remain in the upcoming years with investors showing strong confidence in the industry outlook.”

AMMI highlighted that the US-China trade war will have a positive impact on Malaysia. 50% of AMMI members surveyed are optimistic of double digit growth in export sales. Malaysia continues to evolve as a hub for medical device manufacturing, with over 200 medical device manufacturing companies thriving within a well-connected industry ecosystem. Based on AMMI analysis, the export of medical devices from Malaysia is expected to cross RM23 billion (USD5.5 billion) in 2019 with projected 8% on year on year growth.

***

About AMMI

Formed in 1989, the Association of Malaysian Medical Industries (AMMI), represents leading medical device manufacturing companies in the medical technology industry in Malaysia. AMMI currently has 71 member companies and collectively, they account for more than half of the total export revenue for “Made-in-Malaysia” medical devices.

AMMI members share a common commitment to quality and are reputable international and local firms that strictly adhere to the quality management system codes laid down by governmental agencies. AMMI companies continue to be the growth base of the medical device industry in Malaysia and consist of three main types of industry players: manufacturers; suppliers of raw materials and services to the medical devices manufacturing companies; and importers and exporters of medical devices, all of whom employ a sizable workforce in their production facilities.

Press contact:

Association of Malaysian Medical Industries

Email : [email protected]

Ms. Melissa Khoo

Head of Marketing and Communications          

Tel : 016 4224 818

Mr. Ching Choon Siong

Executive Director

Tel : 012 4766 558

About MIDA

MIDA is the government’s principal promotion agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Starting operations in 1967 with a relatively small set up of 37 staff, MIDA has grown to become a strong and dynamic organisation of over 700 employees. Headquartered in Kuala Lumpur Sentral, MIDA today has 12 regional and 20 overseas offices. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram and Facebook, @OfficialMIDA.

For more information, please contact:

Puan Balkish Mohd Yasin,

Director of Life Sciences & Medical Technology Division, MIDA

Tel: 03-22673458

Email: [email protected]

Download  AMMI Industry Report

Posted on : 06 December 2018

Export of Made-in-Malaysia Medical Devices Expected to Cross RM23 Billion in 2019


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Kuala Lumpur, 20 December 2018 – Malaysia attracted a total of RM139.3 billion worth of investments in the manufacturing, services and primary sectors for the first nine months of 2018. This was an 18% increase from the RM118.1 billion approved in the same period last year. The total investments approved in January-September 2018 were from 3,243 projects and are expected to generate 93,379 job opportunities for Malaysia.

Approved foreign direct investments (FDI) increased by 109.7% to RM64.1 billion in January-September 2018 from RM30.5 billion in the same period last year. This was mainly driven by the manufacturing sector which recorded a strong increase of 249.4% in January-September 2018. Approved FDI in the primary sector also rose by 99.3%. This indicates that investor confidence in Malaysia remains high despite the challenging global economic environment. Meanwhile, domestic investments led with RM75.2 billion, contributing 54% to the total approved investments in all three sectors.

Manufacturing Sector

Malaysia continues to be a competitive location for manufacturing projects. A total of 468 projects worth RM59.1 billion were approved in January-September 2018 compared with RM34.6 billion in 463 projects in the corresponding period of 2017, representing an increase of 70.5% in capital investments.

Foreign investments approved in the manufacturing sector recorded a total of RM48.8 billion for January-September 2018, a rise of 249.4% from RM13.9 billion in the same period last year. China accounted for RM15.6 billion or 32% of total foreign investments, followed by Indonesia (18.4%), the Netherlands (17%), US (6.3%), Korea (4.9%) and Japan (4.3%).

Notable investments include a new manufacturing project from Leaf Malaysia OpCo, a US based company that will be setting up a facility in Johor to convert plant-based biomass into fermentable sugars. “The first plant is expected to begin operations in 2021 and will create 60 job opportunities for highly skilled local workforce. Our 2G biomass products have a wide range of applications for domestic and export markets, including energy, fuels, bio-plastics and high value specialty chemicals. We have also identified a strategic local partner for our Johor BioHub operations,” said Leaf Malaysia’s Managing Director, Jason Jones.

Another quality project is an expansion by STMicroelectronics, a global semiconductor MNC which has been in Malaysia since four decades ago. Its Malaysian plant is a key manufacturing facility for STMicroelectronics’ global assembly and test manufacturing. It is also the centre of excellence for development and manufacturing of automotive semiconductors. Approximately 70% of the semiconductors produced in this plant are dedicated to the automotive sector.

Malaysia has huge potentials to collaborate with these foreign companies and benefit from the transfer of knowledge and expertise across many industries. As the principal investment promotion agency of the country, MIDA continues to encourage local sourcing by foreign companies. Through the outsourcing of manufacturing, FDI has been driving technology by nurturing Malaysian companies to become global champions. For example, domestic industry players Vitrox, Pentamaster and Walta have established a one-stop metal component supply chain hub initiative known as the Penang Automation Cluster (PAC). The group leverages on the capabilities of human resources and availability of technical and vocational education in the country, which provides technical skills training to meet the demands of high precision and high quality metal fabrication parts and modules by multinational companies and large local companies.

“Our new investment will focus on building and managing the local supply chain ecosystem of advanced and precision engineering of metal fabrication. This will improve cost competitiveness through local sourcing of high precision parts and produce competitive products for the international market. Besides, with the adoption of Industrial 4.0 world class smart manufacturing in PAC, we will further attract high impact FDI and create job opportunities in the region. PAC will be the showcase of a successful model in stimulating more SME clustering concepts to support nation building,” said Mr Chu Jenn Weng, Director of PAC.

Under the 11th Malaysia Plan Mid-Term Review, the targeted catalytic and high potential growth subsectors namely electrical and electronics, chemicals and chemical products, machinery and equipment, medical devices and aerospace, continue to be emphasised. These industries contributed 31.5% (RM18.6 billion) to the total approved investments in the manufacturing sector. Other industries which recorded increased investments are petroleum products (including petrochemicals); basic metal products; paper, printing and publishing; rubber products; machinery and equipment; and transport equipment. These six industries constituted 63.5% (RM37.5 billion) of total investments approved during this period.

Investors have responded positively to the Government’s initiatives towards attracting investments in capital-intensive, high-value added and high technology projects. This is reflected in the increase of the capital investment per employee (CIPE) ratio to RM1,439,583 in the first nine months of 2018 from RM1,062,113 during the same period of this year.

The approved manufacturing projects will create 41,033 job opportunities. The jobs created include 775 electrical and electronics engineers, 867 mechanical engineers and 142 chemical engineers. In addition, the approved manufacturing projects will also require about 5,628 skilled craftsmen such as plant maintenance supervisors, tools and die makers, machinists, IT personnel, quality controllers, electricians and welders.

Services Sector

For the period of January-September 2018, approved investments in the services sector amounted to RM69.9 billion compared with RM74.2 billion recorded in the corresponding period of 2017. These investments were from a total of 2,721 projects and are expected to create 50,896 job opportunities. Domestic investments made up the largest portion, recording RM60.4 billion or 86.4% of the total approved investments for the services sector during this period. The rest or RM9.5 billion were from foreign sources. The services subsectors that showed an increase in approved investments were healthcare, education, global establishments, real estate and supporting services.

The approved investments for the supporting services sub-sector recorded a rise of 24.8% to RM4.8 billion in the first nine months of this year from RM3.9 billion in the corresponding period last year. The bulk of the approved investments were from green technology activities with investments of RM2.7 billion, whereby 96.8% were from domestic investments. These activities were led by energy generation projects with approved investments of RM2.4 billion, followed by energy conservation (RM120.1 million), green services (RM91.7 million), green building (RM23.8 million) and waste management projects (RM16 million).

A notable energy generation project that was approved during this period is an expansion project by Tadau Energy. According to its Managing Director, Ms Susanna Lim,“Our base in Kudat, Sabah is an ideal location for a solar power plant as the northern Sabah district has clear and unpolluted skies, and gets a large amount of direct sunlight. The development of this project has the greatest potential for Malaysia especially Sabah to transition to clean energy as it will save the environment from approximately 50,000 metric tonnes of carbon dioxide (CO2) emission and can power more than 30,000 homes annually. Overall, the company has created more than 200 job opportunities for the local community.”

Approved investments for global establishments also saw an increase of 95.7% during the first nine months of 2018. MIDA approved 149 projects proposing to make Malaysia their Principal Hubs, Regional Offices or Representative Offices. Investments in these projects amounted to RM4.1 billion, with significant spin-off effects on the economy. These activities are expected to create job opportunities for 1,598 knowledge-based or highly technical-skilled workers, as well as positioning Malaysia on course for greater integration into the global supply chains/global value chains.

Out of the total, MIDA has approved four Principal Hubs with investments worth RM3.8 billion. Among them is a business venture by Jobstreet.com, a leading online employment marketplace in Asia. “After having merged with a Hong Kong based company in 2014, Jobstreet had an important task to decide where to locate the Principal Hub of the newly created venture. Malaysia was chosen because it is strategically located in the region, enjoys strong government support in the technology industry as well as the availability of incentive to help businesses like JobStreet. Our investment in Malaysia will also bring tangible benefits to the country, through the creation of employment especially in high value and managerial positions and, our capital and operational spending will allow us to contribute back to the economy,” said Mr Jakson Peters, the company’s Chief Financial Officer.

Primary Sector

In January – September 2018, the primary sector attracted investments worth RM10.3 billion or 7.4% of total approved investments in this period. This sector comprises three main sub-sectors namely agriculture, mining and, plantation and commodities. Investments by foreign sources totalled RM5.8 billion (56.3%) while domestic investments contributed RM4.5 billion (43.7%). The mining sub-sector took the lead with approved investments of RM9.7 billion in 22 projects, followed by the plantation and commodities sub-sector with investments of RM501.5 million, and the agriculture sub-sector making up the rest of approved investments.

Conclusion

The Government will ensure that the Malaysian economy remains on a sustainable growth trajectory by providing a conducive and favourable environment to attract investors and businesses. Quality FDI continues to assume an important role in the development of Malaysia due to its multiplier impact on the economy. The strong presence of foreign investments in the manufacturing sector, in particular, has helped to enlarge the market through the growth of the local supply chain ecosystem and related services industry. MIDA continues to urge industries to leverage on growing opportunities by embracing advanced technology to enhance productivity and competitiveness.

*****Posted on : 20 December 2018

Malaysia Records RM139.3 Billion of Approved Investments For January-September 2018


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The Malaysian Investment Development Authority (MIDA) collaborated with the Federation of Malaysian Manufacturers (FMM) and Sabah state authorities to organise the fourth and last installation of its industrial park forum series, held today at the Marriot Hotel, Sabah. The event was graced by YB Dr. Ong Kian Ming, Deputy Minister of International Trade and Industry (MITI). Also present was YB Tuan Chong Chen Bin, Assistant Minister of the Ministry of Trade and Industries, Sabah and Senior Executive Director of MIDA, Mr. Zabidi Mahbar

17 December 2018, Kota Kinabalu – The Malaysian Investment Development Authority (MIDA) collaborated with the Federation of Malaysian Manufacturers (FMM) and Sabah state authorities to organise the fourth and last installation of its industrial park forum series, held today at the Marriot Hotel, Sabah. The event was graced by YB Dr. Ong Kian Ming, Deputy Minister of International Trade and Industry (MITI). Also present was YB Tuan Chong Chen Bin, Assistant Minister of the Ministry of Trade and Industries, Sabah and Senior Executive Director of MIDA, Mr. Zabidi Mahbar.

During his keynote address, the Deputy MITI Minister highlighted that Sabah has many opportunities for investments in new growth areas. “Each region in Malaysia is unique in its comparative and competitive advantages. For Sabah, its abundance of natural and agricultural resources has long made this state a base for industrial development. Building on these strengths, there are many untapped opportunities for resource-based manufacturing facilities, particularly in moving downstream and producing high quality goods and services. Having the upstream and downstream industry players in close proximity improves speed and cost of production,” said YB Dr. Ong.

“For Sabah to attract the type of quality investments that we desire, the state needs good industrial parks that can meet the requirements of these industries. It is important to find win-win solutions, and not to keep investors waiting for infrastructure to be built especially in the provision of electricity, water and roads, as these are the basic infrastructure needs for any industry to operate. I urge technical agencies and utility providers such as Telekom Malaysia, Tenaga Nasional Berhad, and Gas Malaysia to come on board and be proactive in supporting investors in these areas,” added YB Deputy Minister of MITI.

Mr Zabidi, in his welcome speech, said, “Sabah is certainly one of Malaysia’s destinations for investment. Following our Invest Sabah briefing held at the MIDA HQ in October, we have received encouraging interest. Tomorrow, there will be 19 eager investors from 11 companies flying into Sabah to explore for themselves the opportunities available in the areas of Oil & Gas, Logistics, Engineering Services, Infrastructure Development and Consulting Services, for their expansion plans.”

As at December 2017, a total of 761 manufacturing projects with investments worth RM15.1 billion have been implemented in Sabah. More than 90,000 jobs have been created from these projects particularly in the food manufacturing, paper, printing & publishing, wood & wood products, chemical & chemical products, and non – metallic mineral products sectors. For the first 9 months of 2018, Sabah continues to attract additional approved investments of RM140.9 million, mainly in basic metal products, food manufacturing, petroleum products including petrochemicals and non-metallic mineral products.

The Industrial Park and Investment Facilitation Forum was well attended by over 250 participants from various fields, including business chambers, local authorities, park developers & managers, utility companies, manufacturers and potential investors. The forum featured two panel discussions that focused on the industrial park ecosystem and investment facilitation.

The first panel session involved sharings from three Sabah industrial park developers namely the Kota Kinabalu Industrial Park (KKIP), POIC Sabah and Sabah Oil & Gas Development Corporation (SOGDC) as well as representatives from the Eastern Sabah Security Command (ESSCOM), RWDC Industries Asia Pacific and OFO Tech. The session was moderated by Datuk Chong Hon Len, President of the Federation of Sabah Industries (FSI). Meanwhile, the second session was moderated by Datuk Dr. Mohd Yaakub Haji Johari, Chief Executive of the Sabah Economic Development and Investment Authority (SEDIA) and featured representatives from MITI, MIDA, Malaysia External Trade Development Corporation (MATRADE), Export-Import Bank of Malaysia Bhd (Exim Bank), SIRIM and Malaysian Industrial Development Finance (MIDF).

***

For more information, please contact:

Mr. Syed Kamal Muzaffa

Deputy Director, Domestic Investment and Supply Chain Coordination Division, MIDA

Tel.: 03-2267 3636 | Email:[email protected]

Speech by Deputy Minister of International Trade & Industry_Sabah Industrial Park

Speech by Senior Executive Director of MIDA_Sabah Industrial Park

Posted on : 17 December 2018

MIDA Industrial Park Forum Highlights Investment Potential in Sabah


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