Malaysia’s First Lighthouse Spearheading the Nation’s Industry 4.0 Aspirations

KUALA LUMPUR, 5 October 2021 – The World Economic Forum (WEF) has recognised and awarded the Western Digital factory at Batu Kawan, Penang, Malaysia as the latest entrant to its Global Lighthouse Network (GLN). This is a community of world-leading companies that have succeeded in the adaptation of the Fourth Industrial Revolution (4IR) at scale.

The World Economic Forum Global Lighthouse Network recognises production sites and value chains that are world leaders in the adoption and integration of the cutting-edge technologies of the 4IR.

Lighthouses apply 4IR technologies such as artificial intelligence, 3D-printing and big data analytics to maximise efficiency and competitiveness at scale, transform business models and drive economic growth, while augmenting the workforce, protecting the environment and contributing to a learning journey for all-sized manufacturers across all geographies and industries.

In congratulating Western Digital, Batu Kawan (Malaysia) on its achievement at the press conference held today, Mr. Arham Abdul Rahman, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), remarked, “Western Digital’s operations in Batu Kawan, Penang has brought significant benefits to local players by resetting the benchmark of operational, financial and sustainability levels.

“This project will be a precursor and example to the rest of the industry in addressing sustainability and growth in intense global competition. This revolution is in line with Malaysia’s National Investment Aspirations as well as the Twelfth Malaysian Plan (12MP) initiatives as Malaysia embarks on economic recovery and reinforces its global supply chain.”

Mr. Arham added, “Western Digital, Batu Kawan (Malaysia), as the first Lighthouse in the country, will serve as a beacon for local industry players to improve their operations by effectively implementing 4IR technologies.

“MIDA is confident that more multinationals and local conglomerates will follow Western Digital’s footsteps in transforming their operations, as well as their supply chain in Malaysia to effectively adopt new technologies.

“We welcome companies to participate in the national-level Lighthouse Programme to support local companies to integrate into the lighthouse network, embracing innovation and operational efficiency that will eventually benefit Malaysia’s economic ecosystem.”

The CEO of Western Digital, Mr David Goeckeler affirmed that “Today’s recognition by the WEF Lighthouse Network is an honour and a testament of our leadership efforts in 4IR with both technology innovation and workforce engagement.”

“In a world that is increasingly technology-enabled and technology-dependent, we understand that the responsibility we have to the future of industry has never been more critical. As the world’s leading data infrastructure provider, we are committed to enabling sustainable growth and transformation across our facilities around the world to deliver value to our customers, employees, and partners,” he further added.

Spearheading by example is Malaysia’s Western Digital factory at Batu Kawan, Penang which has been recognised as part of the network. Of the 90 total sites within the network globally, Western Digital is the first company in Malaysia to receive this distinction.

The company applied technology innovations such as artificial intelligence, robotics, automation, advanced analytics and the Industrial Internet of Things (IIOT) – to achieve transformational change at its facility in Batu Kawan, Penang, Malaysia. This includes automating production and logistics to deliver 32 per cent factory cost improvement, reducing product inventory and order lead time by 50 per cent.

Beyond technology, workforce development is another key focus area for the Western Digital Batu Kawan factory. The site rolled out a comprehensive IIOT Academy program to educate and nurture its talents to cultivate a new way of thinking with the adoption of 4IR technologies. The IIOT Academy program includes strategic partnerships with local universities and international platforms to upskill employees at all levels.

The GLN also lists sustainability as one of its key criteria. Western Digital is committed to its sustainability efforts, and this presents a great opportunity to collaborate with WEF on this new frontier.

“Increased global concern for environmental impact has made sustainability a must-have to maintain business viability,” said Francisco Betti, Head of Shaping the Advanced Manufacturing and Value Chains, World Economic Forum.

“The selected Sustainability Lighthouses make it clear that by realising the potential of 4IR technologies in manufacturing, companies can unlock new levels of sustainability in their operations and explore a win-win solution: greater operational competitiveness while simultaneously making commitments to environmental stewardship, leading in a cleaner, more sustainable future as a result,” he further added.

MIDA is committed to pursue the strategies outlined in the National Policy of Industry 4.0 (Industry4WRD), aimed to develop Malaysia as a high-tech nation. The 12MP highlights technology adoption and innovation are to catalyse growth across all sectors; while productivity growth is expected to be led by the manufacturing sector, growing at 4.3% per year over the next five years (2021 to 2025). The digitalisation process will be accelerated and the adoption of advanced technology, particularly the 4IR technologies, will be promoted through various Government facilitations.

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About Global Lighthouse Network

The Global Lighthouse Network is a community of production sites and other facilities that are world leaders in the adoption and integration of the cutting-edge technologies of the Fourth Industrial Revolution (4IR). Lighthouses apply 4IR technologies such as artificial intelligence, 3D-printing and big data analytics to maximise efficiency and competitiveness at scale, transform business models and drive economic growth, while augmenting the workforce, protecting the environment, and contributing to a learning journey for all-sized manufacturers across all geographies and industries. The Global Lighthouse Network is a World Economic Forum project in collaboration with McKinsey & Co; factories and value chains that join the Network are designated by an independent panel of experts.

About Western Digital

Western Digital creates environments for data to thrive. As a leader in data infrastructure, the company is driving the innovation needed to help customers capture, preserve, access and transform an ever-increasing diversity of data. Everywhere data lives, from advanced data centers to mobile sensors to personal devices, our industry-leading solutions deliver the possibilities of data. Western Digital data-centric solutions are comprised of the Western Digital®, G-Technology™, SanDisk® and WD® brands.

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.

For media enquiries, please contact:

Norhizam Ibrahim (Mr.)
Email: [email protected] | DL: +603-2267 6611

Mustard Tree Communications PLT (on behalf of Western Digital, Batu Kawan, Malaysia)
Ray Chin / Kelly Lee / Shanty Dass / Jade Wong
6018 203 1004 / 6016 237 0681 / 6012 747 2814 / 6012 219 5289
[email protected]/ [email protected]/ [email protected]/ [email protected]

Western Digital WEF Lighthouse Network

Kuala Lumpur, 27 October 2020 – Nippon Electric Glass (Malaysia) Sdn. Bhd. (NEGM) will be expanding its production capacity of glass tubing for pharmaceutical use at its Shah Alam, Selangor facility. This RM200 million investment project has been approved by the Malaysian Investment Development Authority (MIDA) in July 2020 and is expected to start operations by the end of October 2020.

NEGM is a subsidiary of the Nippon Electric Glass Co., Ltd. (NEG), a leading Japanese speciality glass manufacturer, producing high-grade pharmaceutical glass tubing used for pharmaceutical containers such as ampoules and vials. The Group supplies its products to laboratories and medical institutions worldwide. To date, NEG has invested more than RM6 billion in Malaysia on various products such as cathode ray tube (CRT), glass fibre and architectural glass.

In recent years, the steady advancements in medical technology have increased the demand for high-grade pharmaceutical glass tubing globally. Moreover, as COVID-19 vaccines are being developed around the world, concerns are raised on risks of the limited supply of the necessary containers used during clinical trials. Therefore, the Company hopes to play its part to control the COVID-19 pandemic and its eventual cure in vaccine production by ramping up the production capacity of its niche product.

Dato’ Azman Mahmud, Chief Executive Officer of MIDA, welcomed NEGM’s expansion saying, “Malaysia is proud to be the preferred location for NEGM projects since its establishment here in 1991. As the only company in the region producing high-grade glass tubing for pharmaceutical use, this expansion reinforces our reputation as a sustainable and profitable investment destination for companies looking to do business in ASEAN and beyond.”

“Moreover, NEGM expansion is timely as the Company seeks to increase its production to not only expound on the industry’s growth but to carry out its humanitarian role in responding to the market’s needs during this pandemic. We look forward to NEGM’s successes and continual participation in Malaysia’s industrial ecosystem through on-going talent and vendor development programmes. Together, we can achieve more despite the challenging business climate,” he added.

At present, NEGM employs approximately 1,000 Malaysian workers. Its latest project will increase the Group’s production capacity of glass tubing for pharmaceutical use by about 1,000 tons per month. This translates to a 30 per cent increase in the Company’s current production capacity.

Although the spread of the COVID-19 outbreak had temporarily delayed the construction for the expansion undertaking, work has resumed with the facilitation of MIDA and local authorities, with strict adherence to prevailing standard operating procedures (SOPs).

Indeed, since the 1980s, Japan has been among Malaysia’s largest source of foreign direct investments in the manufacturing sector. As at December 2019, a total of 2,712 manufacturing projects with Japanese participation, valued at RM88.2 billion have been implemented in Malaysia, creating more than 346,000 jobs. Further to this, a total of RM1.1 billion in investments with Japanese interest were approved in the first half of 2020. These investments were primarily in the industries of food manufacturing products, electrical and electronics, transport equipment, machinery and equipment, wood and wood products, as well as paper, printing and publishing.

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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 Nippon Electric Glass Co., Ltd. (https://www.neg.co.jp/en/)

Nippon Electric Glass Co., Ltd. (Head Office: Otsu, Shiga Prefecture, Japan; President: Motoharu Matsumoto) is a leading company in specialty glass. NEG develops and supplies high value-added and innovative products in growth fields such as medical, display, automotive, information and communication, semiconductors and energy. In the medical field, addition to glass tubing for pharmaceutical use, NEG also produces among others radiation shielding glass, deep ultraviolet-transmitting glass and antibacterial glass.

About Nippon Electric Glass (Malaysia) Sdn. Bhd.

Nippon Electric Glass (Malaysia) Sdn. Bhd. (Location: Shah Alam, Selangor, Malaysia; Managing Director: Masaya Kubo) was established on 1991 as a Nippon Electric Glass group company. NEGM mainly produces glass fiber and glass tubing for pharmaceutical use, and is the largest production base for the supplies of these products within Nippon Electric Glass Group.

For more information, please contact: 

Ms. Najihah Abas 

Director of Building Technology and Lifestyle Division, MIDA 

Tel.: 03-2267 6717 | Email: [email protected]

Mr. Abdul Nasir Abu Bakar 

General Affairs Division, NEGM 

Tel: 03-5543 0000

Nippon Electric Glass Increases Production Capacity in Malaysia for Pharmaceutical Glass Tubing in Anticipation for COVID-19 Vaccines

MIDA Strengthens Efforts to Improve Its Delivery System for Investors

Kuala Lumpur, 21 October 2020 – The Malaysian Investment Development Authority (MIDA) has been consistent in implementing its digital transformation initiative or Enterprise Transformation System (e-TRANS) by strengthening its delivery system for ease of doing business for investors in Malaysia.

Dato’ Azman Mahmud, Chief Executive Officer of MIDA said, “As the nation’s principal investment promotion and development authority with 53 years of experience in driving Malaysia’s investment agenda, MIDA is fully aware that we have to live through the current and future digital revolution. We have been spearheading various on-the-ground initiatives through MIDA’s Automation Project Initiatives, Supply Chain Programmes and Lighthouse Programme to enable our industry players to adopt Industry 4.0 technology drivers such as Internet of Things (IoT), Artificial Intelligence (AI), cybersecurity and big data.”

“Moreover, observing the Government’s call to accelerate the digitalisation of the government delivery services in this new normal, we have been intensifying our efforts to re-engineer our business processes to raise the efficiency of the various functions at MIDA. We are optimistic that this will increase the ease of doing business for our stakeholders; ultimately, helping companies to prioritise the implementation of their projects in Malaysia,” he added.

Following the announcement of PENJANA on 5 June 2020, MIDA established PACU@MIDA or the Project Acceleration and Coordination Unit. This proactive unit is tasked to provide end-to-end facilitation to all projects approved by the National Committee of Investment (NCI), enabling the timely implementation of investment projects in the country. Given that business as usual approaches will no longer work in this new normal, PACU is part of the Government’s bold initiatives to ensure impactful accomplishments that can revitalise the economy and bring tangible benefits to all stakeholders.

In efforts to accelerate the necessary approvals to expedite the execution of projects, the e-Manufacturing Licence (e-ML) module and its subsequently enhanced version of e-ML 2.0 module was launched by MIDA. This is a new digital platform for applications of Manufacturing Licences for new, expansion or diversification projects; or the Confirmation Letter for the Exemption from Manufacturing Licence (ICA10). Eligible applications submitted through this module will be approved within two business days for non-sensitive industries and up to 4 weeks for sensitive industries. Since its inception, a total of 338 applications have been approved.

In July 2020, MIDA also launched its enhanced JPC Online Application Module, which is the online module for customs duties exemption applications.

Most recently, an e-Incentive module that covers incentive applications for promoted activities and products listed on the General and Small-scale Companies List under the Promotion of Investment Act 1986 has been introduced, with plans to further expand its scope in the future.

These online modules enable MIDA’s stakeholders to submit their applications on a secure online platform. These platforms are also integrated and accessible by related Ministries and Agencies to ensure the flow of data and information, mitigating possible duplications and easing cross-referencing.

Moreover, following the re-opening of economic sectors in phases by the Government, a One-Stop-Centre (OSC) has been established at MIDA to evaluate applications of eligible business travellers to enter Malaysia for trade and investment purposes. Managed by MIDA with representatives from the Immigration Department, Ministry of Health (MOH) and Ministry of International Trade and Industry (MITI), the OSC assumes a critical role in ensuring that Malaysia remains steady on the path of economic recovery and growth, by enabling executive and essential personnel to travel to, and continue their work in Malaysia.

Going forward, the PACU@MIDA will organise on-going webinars on relevant topics, particularly regarding mechanisms in place to kick-start investment projects in Malaysia, information on utilities offered by service providers, as well as new regulations and guidelines introduced by the Government. It is hoped that by providing this platform for the business communities to engage and network with relevant authorities and stakeholders, it will enable the efficient and timely realisation of approved projects in Malaysia.

For more information and enquiries on PACU@MIDA, investors can contact PACU at +603-2267 3633 / +603-22673473 or email [email protected].

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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.

For more information, please contact:

Ms. Noor Aieda Ahmad 

Director of Post Investment and Infrastructure Support Division, MIDA 

Tel.: 03-2267 6688 | Email: [email protected]

Adoption of Digital Technology

Kuala Lumpur, 8 October 2020 – In line with the Government’s commitment to further cement the country’s position as a preferred destination for FDIs, the Government has decided to establish a One-Stop-Centre (OSC) at the Malaysian Investment Development Authority (MIDA). The OSC will evaluate and approve applications by eligible business travellers to enter Malaysia for trade and investment purposes.

These travellers will be required to offer evidence of compliance to the strict SOPs and other necessary conditions such as quarantine measures, which are presently in place. Although the main purpose of the OSC is to facilitate genuine business travellers, this will only be undertaken while primarily upholding, protecting and preserving the health and safety of the Malaysian people.

The OSC commenced its operations on 2 October 2020. It is managed by MIDA with representatives from the Immigration Department, Ministry of Health and Ministry of International Trade and Industry (MITI) to ensure the legitimacy and health status of business travellers prior to their entry into Malaysia. This Centre will assume a critical role in ensuring that Malaysia remains steady on the path of economic recovery and growth, by enabling executive and essential personnel to travel to, and continue their work in, Malaysia.

In early May 2020, the Government began to reopen the economic sectors in phases, which was supported by strict vigilance implemented through a set of standard operating procedures (SOPs). This clearly demonstrates the Government’s resolute determination in striking a balance between protecting lives and safeguarding the livelihoods of the Malaysian people, many of whom rely upon the private sector for their jobs and wages. 

The reopening of economic activities was a crucial, timely and necessary intervention by the Government, which has led to gradual recovery of our country’s economic sectors. This phase also contributed towards the investments coming into Malaysia. For the period of January to June 2020, Malaysia recorded total approved investments of RM64.8 billion in the manufacturing, services and primary sectors. Of these, foreign direct investments (FDI) made up RM19.5 billion or 30.2 per cent.

Malaysia assumes an integral role in the global supply chain. The international business and investor community have always looked to Malaysia as a preferred destination for their operations, due to the stable, predictable and rules-based investment climate that Malaysia has to offer. Companies operating in Malaysia continue to enjoy a significant level of prominence and a leading edge, along the regional and global value chains.

Despite the COVID-19 pandemic, MIDA has intensified efforts to ensure that Malaysia remains a primary destination of choice for foreign investors. MIDA is also committed to ensure that appropriate measures are in place to ensure that the business environment in the country is agile and responsive to the present and future needs of the private sector, particularly in adapting to the new normal.

Since commencing operations on 2 October 2020, the OSC has received 221 applications from business travellers, out of which 207 has been approved.

The implementation of OSC entails two phases, namely:

• the present Phase 1: implementation of the OSC Committee to process applications for Entry Permission, for genuine business travellers; and 
• the future Phase 2: establishment of a Welcome Centre with liaison officers and a dedicated website containing information and advisory services to facilitate the entry of genuine business travellers into Malaysia.

Eligible business travellers who wish to submit their applications may do so via the MyEntry website at https://myentry.myxpats.com.my/app/

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.

For further information, please contact: 

Ms. Aizah Abdullah 

Director, Industry Talent Management and Expatriate Division 

Tel: 03-2267 3529 | E-mail: [email protected]

Welcoming Investors, Keeping Malaysia Safe

Kuala Lumpur, 2 October 2020 – The Project Acceleration and Coordination Unit (PACU) at the Malaysian Investment Development Authority (MIDA) organised an e-Biz Clinic on ‘Starting Your Project with PACU@MIDA’ via a virtual webinar and physical event at the MIDA Headquarters (HQ) on 29 September 2020.

The initiative provided a platform for investors to engage and network with relevant authorities and stakeholders. Investors were also briefed on relevant information to enable efficient and timely realisation of projects that have been approved by the National Committee of Investment (NCI) within the stipulated 12-month time frame.

In his opening message, Dato’ Azman Mahmud, the Chief Executive Officer (CEO) of MIDA, highlighted on the adjustments in the global economy under the new normal. He emphasised that, “MIDA will continue its efforts to attract quality investments in the country and restore investor’s confidence in seeing Malaysia as their preferred investment destination. It is fundamental to revitalise the economy by adopting bold initiatives to ensure impactful accomplishments.”

“As part of Malaysia’s journey towards economic recovery, the Government introduced the National Short-Term Economic Recovery Plan called PENJANA on 5 June 2020. This includes the dedicated team established at MIDA, aptly named PACU to facilitate the speedy implementation of investment projects in the country”, added Dato’ Azman.

The e-Biz Clinic was broadcasted online and has garnered over 1,000 views, represented by manufacturers, service providers’, industrial associations, consultants and potential investors. The seminar featured presentations by a diverse mix of speakers, including Ms. Noor Aieda Ahmad, Director of Post Investment and Infrastructure Support Division of MIDA; TPr. Zamirzan Puji, Senior Principal Assistant Director, Development Control Consultation Division, Ministry of Housing and Local Government; Mr. Ir. Mohd Fairuz Abdul Kadir, Manager (Government and Mega Project-Supply) Customer Care and Business Development, Retail Division, Tenaga Nasional Berhad (TNB); Mr. Mohamad Rejab Sulaiman, Head of Internet, DC and Cloud, TM ONE Telekom Malaysia (TM); and Ms Gayathri Vadivel, Head of Employment Services Department Employment Insurance System from SOCSO.

Participants were guided on application submission, regulations and relevant requirements to kick-start their investment projects in Malaysia. In addition, this event provided information on utilities offered by service providers, as well as facilitation and assistance provided by the Government.

For the period of January to March 2020, a total of 214 manufacturing projects were approved. Of these, 127 projects (59.3%) are currently being implemented. Simultaneously, out of the 988 manufacturing projects approved in 2019, a total of 698 projects, which is equivalent to 71 per cent, have been implemented.

MIDA, through PACU@MIDA will strive to provide professional support and assistance through various facilitations, programmes and initiatives for businesses to grow. MIDA continues to closely collaborate with federal and state agencies to facilitate investors in ensuring the timely implementation of their projects.

For more information or enquiries on PACU@MIDA, investors can contact the team at +603-2263 2462 / +603-22673473 or email [email protected]. 

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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.

For more information, please contact: 

Ms. Noor Aieda Ahmad

Director of Post Investment and Infrastructure Support Division, MIDA 

Tel.: 03-2267 6688 Email: [email protected]

Project Acceleration & Coordination Unit (PACU) 

(603)-2263 2462 / (603)-22673473 

[email protected]

Download:

PACU@MIDA to Facilitate Speedy Implementation of Investment Projects in Malaysia

“Sabah is certainly one of Malaysia’s vibrant destinations for investment. 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. The State continues to attract additional approved investments of more than RM40 million in the first half of this year in the food manufacturing and fabricated products,” said Mr Arham Abdul Rahman, Deputy Chief Executive Officer (DCEO) of the Malaysian Investment Development Authority (MIDA) during its 6th instalment of the MIDA Invest Series today

16 October 2018, Kuala Lumpur – “Sabah is certainly one of Malaysia’s vibrant destinations for investment. 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. The State continues to attract additional approved investments of more than RM40 million in the first half of this year in the food manufacturing and fabricated products,” said Mr Arham Abdul Rahman, Deputy Chief Executive Officer (DCEO) of the Malaysian Investment Development Authority (MIDA) during its 6th instalment of the MIDA Invest Series today.

The series that started in January this year had so far, featured Perlis, Kedah, Kelantan, Pahang and Terengganu. It serves to provide updates and insights on the investment opportunities and facilities in every state in Malaysia. The event, which was held at MIDA headquarters today involved presentations by 5 Sabah Government Agencies namely the Department of Industrial Development and Research, Kota Kinabalu Industrial Park, POIC Lahad Datu and Sandakan, and Sabah Oil & Gas Development Corporation Sdn Bhd.

En. Arham highlighted that Sabah state government has set a goal to increase its industrial share of Gross Domestic Products (GDP) up to 35%, from the present 7.5%. “It may seem like a tall order but nothing is impossible. Sabah already has many attractive advantages in place and with concerted efforts from all stakeholders, I believe this aspiration can be achieved,” he added.

The Deputy CEO of MIDA also raised the concern of investors in the East Coast of Sabah. He shared that there are on-going measures being undertaken by the Government to address this matter. The Eastern Sabah Security Command (ESSCom), set up in 2013, comprising input and personnel drawn from the police, military and the Malaysian Maritime Enforcement Agency (MMEA), has the expertise and intelligence to empower investors in protecting their assets. They are proactively ensuring the safety of the Eastern Sabah Security Zone (Esszone). “We advise any investor to come to us for the correct information and seek our input in how to include preventive security measures in the business plan,” said En. Arham.

Participants were also urged to take advantage of the available facilities provided by the Government such as the matching grant under the Domestic Investment Strategic Fund, and the Less Developed Areas Incentive. In embracing Industry 4.0, the Government has also introduced several incentives such as Capital Allowance for ICT equipment and software, Automation Capital Allowance and Soft Loan Scheme for Automation & Modernisation (SLSAM) to encourage more companies to adopt smart manufacturing technologies and processes that will in return help in reducing dependency on foreign labour, improve productivity and enhance their long term competitiveness.

Since the introduction of DISF in 2012, MIDA has approved 308 projects with investments amounting RM14.7 billion with an approved grant value of RM1.51 billion. However, there is no company in Sabah that has received a grant under the DISF scheme. For the Less Developed Areas incentive, there is one project in Sabah that has been granted the incentive, thus far.

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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. 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, @OfficialMIDA.

For more information, please contact:

Mr. Ahmad Tajudin Omar

Director, Domestic Investment & Supply Chain Division, MIDA

Tel.: 03-2267 3627

Email: [email protected]

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 Talking Points by Mr Arham – MIDA Invest Series: Sabah

1. DIDR (Slide Presentation)

2. KKIP (Slide Presentation)

3. POIC Lahad Datu 2 (Slide Presentation)

4. POIC Sandakan (Slide Presentation)

 5. SOGDC (Slide Presentation)

Investors to Consider Sabah as the Next Location for Investment

The development of industrial parks in the country needs to be synchronized with the states’ unique strengths and leverage on specific industry clusters. “By providing a location which is well equipped with the right ingredients of the highest standards, it has the potential to transform the area into a thriving city of industry. Perak, for example, being the second largest state in Peninsular Malaysia, could leverage on the economic development of its bordering states. Local SME industrial clusters here could be further strengthened by tapping into the supply chain of big corporations or multinational companies in neighbouring states,” said YB Dr. Ong Kian Ming, Deputy Minister of International Trade and Industry at the Industrial Park Forum for the Northern Region held at Weil Hotel, Ipoh today

18 October 2018, Ipoh – The development of industrial parks in the country needs to be synchronized with the states’ unique strengths and leverage on specific industry clusters. “By providing a location which is well equipped with the right ingredients of the highest standards, it has the potential to transform the area into a thriving city of industry. Perak, for example, being the second largest state in Peninsular Malaysia, could leverage on the economic development of its bordering states. Local SME industrial clusters here could be further strengthened by tapping into the supply chain of big corporations or multinational companies in neighbouring states,” said YB Dr. Ong Kian Ming, Deputy Minister of International Trade and Industry at the Industrial Park Forum for the Northern Region held at Weil Hotel, Ipoh today.

“On the topic of infrastructure, park developers should also consider the move towards Industry 4.0 and the world of automation. It is important to embrace new strategies and enhance current infrastructure and facilities to meet new demands, such as technical support for electronic devices and smart monitoring equipment, which requires round-the-clock, stable, high-speed internet in the parks,” he added.

Quoting the Bayan Lepas Free Industrial Zone (FIZ), Proton City in Tanjung Malim and Kulim Hi-Tech Park as examples of some notable industrial parks in the country, Dr Ong said, “As the demands of the industrial players increase, our industrial park developers also have to up your game in order to meet the demand for higher standard.” In his speech, he pointed out three distinguishing factors for industrial parks, namely, public-private partnerships for world-class infrastructure, an ecosystem strategy for incentivising and attracting a particular segment of industry and growing the downstream manufacturers, and dedicated support by state investment agencies

Also present were Deputy CEO of Malaysian Investment Development Authority (MIDA), Mr. Arham Abdul Rahman and Chairman of Federation of Malaysian Manufacturers (FMM) Perak, Dato’ Gan Tack Kong. During his welcome remarks, Mr. Arham said, “Malaysia’s 13 states and 3 federal territories offer their unique strengths and ecosystems to investors. It is our desire to undertake initiatives in every state to encourage more equitable spread of investments throughout Malaysia. While Perak is well-known for its Old Town White Coffee, soya bean curd (tau foo fah), hot springs and limestone hills, the state also has a very diversified industrial portfolio.“

In promoting the state to investors, MIDA is working closely with the state government including the State Economic Advisory Council (SEAC), which was established in July 2018. “We are pleased to note that the State Government has given special attention to attract quality foreign direct investments to the state. With the efforts and initiatives undertaken by the Kumpulan Perbadanan Kemajuan Negeri Perak (PKNP); as well as private developers such as Stellar World (Pengkalan Hulu) and Proton City Development Corporation (Tanjung Malim), we strongly believe that the state is moving towards the right direction in preparing for the new wave of investors,” added Mr Arham.

A total of 5,500 manufacturing projects have been approved and implemented in the Northern region, thus far. These projects amounted to RM178.5 billion of investments. Foreign investments accounted for RM119.4 billion or 67% of total investments while domestic investments made up the rest. In addition to creating more than 680,000 jobs, these projects have also opened doors for spill over benefits to be enjoyed by local businesses in Perak, Penang, Kedah and Perlis as well as the overall economy.

For the first half of this year (1H2018), MIDA has approved an additional 88 manufacturing projects with investments of RM3.1 billion for the northern region. Once these projects are realised, we will be looking at 5,171 more job opportunities for this region.

Perak alone attracted a total of 16 approved manufacturing projects worth RM364.5 million in 1H2018. The recent MOUs that were signed between Invest Perak and 5 companies, once realised, will translate to RM1.9 billion worth of investments. In addition, MIDA already has a total of 15 manufacturing projects in the pipeline for Perak with proposed investments of RM755.7 million.

The Industrial Park Forum was jointly-organised by MIDA and FMM. It was well attended by over 200 participants from various fields, including business chambers, local authorities, park developers & managers, utility companies, manufacturers and potential investors. The Forum featured a panel discussion by a broad range of speakers from Perbadanan Kemajuan Negeri Perak (PKNP), Telekom Malaysia, Finisar Malaysia, Penang Development Corporation (PDC), Ditrolic Solar, Proton Holdings Berhad, Lembaga Air Perak and Kulim Hi-Tech Park.

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For more information, please contact:

Mr. Ahmad Tajudin Omar

Director, Domestic Investment and Supply Chain Coordination Division, MIDA

Tel.: 03-2267 3627 | Email: [email protected]

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Speech by YB Dr. Ong Kian Ming, Deputy Minister of International Trade & Industry_Industrial Park Forum Northern Region

Speech by Mr. Arham Abdul Rahman, DCEO II of MIDA_Industrial Park Forum Northern Region

Industry Park Developers to Employ New Strategies

Approved Investments in the Services, Manufacturing and Primary Sectors Rose by 17.7% in 1H2018

Kuala Lumpur, 29 October 2018 – Malaysia continues to attract new approved direct investments in the services, manufacturing and primary sectors in the first half of 2018 (1H 2018) with a total of RM80.2 billion, an increase of 17.7% from the same period last year (RM68.2 billion). The investments approved in January – June were from 2,346 projects. These are expected to generate 60,181 job opportunities for Malaysia.

Despite rising competition and a challenging external environment, Malaysia remains a competitive investment location for foreign investors. Foreign investments increased by 35.3% to RM26.5 billion in 1H 2018 from RM19.6 billion in the same period last year. The increases in foreign investments were mainly seen in the manufacturing and primary sectors. Meanwhile, domestic investments led with RM53.7 billion, contributing 67% to the total approved investments in all three sectors. The performance of the domestic investments also saw a rise of 10.5% from RM48.6 billion in the same period last year.

Services Sector

The services sector continued to account for the largest share of approved investments, contributing 63.5% or RM50.9 billion. A total of 2,025 projects were approved and will create more than 33,970 job opportunities, the largest potential employer in the economy. Around 89% of these jobs will be in the distributive trade, education, MSC status and healthcare sub sectors.

Domestic investments made up the largest portion, recording RM44.9 billion or 83.6% of the total approved investments for the services sector during this period. The rest or RM6.0 billion were from foreign sources.

For the period of January to June 2018, the total approved investments for the healthcare services sub-sector recorded a significant rise of 282.5% to RM1.1 billion from RM294.7 million in the first half last year. This is in line with the Government’s efforts to strengthen its healthcare delivery system by offering more private hospitals, ambulatory care services and private healthcare centres. From the seven approved projects, 93.3% were from domestic sources.

The increased investment performance for the services sector was also contributed by approved investments in the supporting services sub-sector, which recorded an increase of 248.1%. The bulk of the approved investments derived from green technology activities with investments of RM2.5 billion – of which 96.7% came from domestic sources. The green technology activities were led by energy generation projects with approved investments of RM2.3 billion followed by green services, energy conservation, green building and waste management projects (RM200.4 million). Other supporting services namely licensed warehouse, oil and gas services and integrated logistics were approved with five, three and 15 projects, recording investments of RM697 million, RM653 million and RM544.3 million respectively.

Meanwhile during this period, a total of 27 projects were approved to undertake research and development (R&D) activities as well as technology related activities. These contributed a total of RM52.3 million of approved investments, which were solely from domestic sources.

During this period, investments in global establishments rose by 157.1% to RM744.7 million from RM289.7 million in the same period last year. This was mainly due to a 430.4% increase in investments for Principal Hub projects, amounting to RM583.5 million; and a 211.1% rise in new representative offices (RE) to RM48.9 million. The bulk of these investments were once again by domestic investors, contributing 63% to the total.

Manufacturing Sector

Malaysia’s manufacturing sector remains resilient and recorded approved investments of RM20.2 billion from 287 manufacturing projects for the first half of 2018 as compared to RM16.7 billion from 299 manufacturing projects in the same period last year. The increase of 21.2% in terms of the value of investments is an indication that capital-intensive projects are dominating Malaysia’s manufacturing landscape.

The approved manufacturing projects will create 25,165 job opportunities. The jobs created include 530 electrical and electronics engineers, 607 mechanical engineers and 85 chemical engineers. In addition, the approved manufacturing projects will also require about 1,742 skilled craftsmen such as plant maintenance supervisors, tools and die makers, machinists, IT personnel, quality controllers, electricians and welders.

For 1H 2018, foreign investments in approved manufacturing projects rose by 63.1% to RM15.2 billion from RM9.3 billion in the corresponding period last year. The increase reflects the country’s competitiveness as a location of choice for investments. China accounted for RM6.5 billion or 43% of the total foreign investments, followed by Korea (16%), Japan (10%), Singapore (5%) and France (4%).

Notable investments include a new manufacturing project from China for the basic metals industry that involves utilising ‘blast furnace’ technology that not only produces quality end-products at a cheaper cost but can also contribute to a greener steel-making process. This project, which offers 98% of its total job opportunities to Malaysians, is expected to reduce imports of intermediate goods and will strengthen the metal and steel industry.

Another example is an expansion project by a French industry leader in thiochemicals technologies to produce high value added sulfur derivatives. The project, which will create an additional 33 job opportunities, is set to support the strong growth of the animal feed, petrochemical and refining markets in the region.

Others include a tier 1 aerospace company from UK that will be establishing its new aero engine component repair facility in Johor by 2019. The company intends to add research capability to the facility and will work with local knowledge institutes to adopt new technologies and grow its product offerings for the new generation of aero engines.

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.

The targeted catalytic and high potential growth subsectors namely electrical & electronics, chemical & chemical products, machinery & equipment, medical devices and aerospace that continues to be emphasised under the 11th Malaysia Plan Mid-Term Review, contributed 26.7% (RM5.4 billion) to the total approved investments in the manufacturing sector. Once implemented, these projects will further energise the development and growth of the overall manufacturing sector.

Industries which recorded increased investments include the basic metal, rubber, transport equipment, plastic, fabricated metal, and textiles & textile products. These six industries constituted 62.4% (RM12.6 billion) of the total investments approved in the first half of 2018.

The capital intensity, measured by capital investment per employee (CIPE) ratio of projects approved within the sector increased to RM805,173 in January to June 2018 from RM767,611 in the same period last year. There were 4 projects approved with investments of at least RM1 billion, totalling RM8.6 billion (42.6%) of total investments approved in the manufacturing sector. As for investments of at least RM100 million, 29 projects were approved with total investments of RM15.2 billion (75.2%) of all investments approved in this sector. This shows that Malaysia continues to attract more capital intensive projects.

Primary Sector

The primary sector contributed RM9.1 billion or 11.3% to the total approved projects in the first half of 2018. The mining subsector continued to lead with approved investments of RM8.8 billion, followed by plantation and commodities with RM311.8 million and agriculture with RM38.7 million. These investments are expected to create 1,039 job opportunities. The mining subsector was dominated by oil and gas exploration activities. This solid performance by this subsector reflects Malaysia’s potential to be a leading hub for the oil and gas industry in the region.

Conclusion

Malaysia continues to welcome quality investments into the country that will contribute to enhancing the country’s technological capabilities, develop the local supply chain and increase the country’s export revenue. Malaysia is truly a land of opportunities, not just for investors from a few selected countries but for all those who have the spirit of entrepreneurship and are willing to contribute to the economic advancement of the country. The new Government is committed for Malaysia to remain pro-business with prudent and pragmatic policies to ensure a conducive environment for businesses to thrive.

Minister of International Trade and Industry, Datuk Darell Leiking, expressed his optimism on the performance of the Malaysian economy moving forward. “The foreign and local investments have risen by 35.3% and 10.5% respectively, which shows people’s confidence in the country. With the change of government that promotes transparency and our effort in restoring the confidence of investors, I am certain that the figure will increase even further for the second half of the year,” says Darell.

He has just concluded a trade mission to Japan and Korea last week and secured RM2.84 billion of potential investments, which he cited as an evidence of foreign investors’ faith in the new government and its investor-friendly policies led by Prime Minister Tun Dr Mahathir Mohamad. Despite the American-China trade war, says Darell, Malaysian economy continues to be resilient and with investments in segments that are moving up the value chain, we can look forward for the country being transformed into a knowledge-based, and skill-based advance economy.

Malaysia Continues to Attract More Business Interest

Industry Players Urged to Forge Ahead with New Strategies & Technologies

24 October 2018, Kuala Lumpur – In conjunction with the Malaysia Medical Device Expo 2018 (MyMEDEX 2018) the Malaysian Investment Development Authority (MIDA) organised a panel session on the ‘Next Wave of Medical Devices Manufacturing: Shaping the Industry of the Future’ at the Malaysian International Trade and Exhibition Centre (MITEC), Kuala Lumpur today.

“The medical devices industry continues to be one of the high potential growth sectors under the 11^th Malaysia Plan’s Mid Term Review. Industry players, especially local companies, are urged to adopt new strategies and embrace emerging technologies. To stay competitive, companies need to prioritise productivity, accelerate automation and innovation, undertake more R&D and implement best industry practices. Through engagements such as this, MIDA hopes that more local compnies will be able to familiarise themselves with emerging trends that have a direct impact on the dynamics of the medical device industry,” said Datuk N. Rajendran, who moderated the panel session.

The session featured panellist from Vigilenz Medical Devices, Cochlear Malaysia, Siemens Malaysia and the Medical Device Authority (MDA).

“The need for agility, speed, quality, and compliance is becoming more important than ever in the medical device industry. With over 200 manufacturers in this industry alone in Malaysia, the time is now for these companies to embrace digitalisation so that they can effectively develop innovative medical devices and achieve faster time-to-market for the competitive edge against global manufacturers, especially If we are to maintain our leading position of exporting over 90% of our locally-manufactured medical devices, and boost foreign investors’ confidence towards our industry from their RM1.6bil (72.7%) worth of investment contribution,” said Siemens Malaysia President & CEO Mr Indranil Lahiri.

At the session, Mr. S.Choudhury, the CEO of Vigilenz Medical Devices Malaysia, a wholly owned Malaysian company that supplies medical and surgical products said, “For the country to embrace Industrial Revolution 4.0, we should pay much more attention to enhancing the skill sets of our university graduates in this realm of digitisation.”

Mr Samuel Pooranakaran, Director of Cochlear Malaysia Operations, a global leader in implantable hearing solutions, highlighted on the untapped human resources and manufacturing infrastructure for medical device manufacturing in Malaysia.

MYMEDEX 2018, held from 23 to 25 October, is the first initiative by the Medical Device Authority (MDA) supported by MIDA, to highlight the latest innovative technologies and advances of global medical devices. Recognising that medical device is one of the biggest industries in global healthcare, the expo offers a unique opportunity for all stakeholders to be immersed in an insightful one-stop centre for medical devices solutions.

MDA, an entity under the Ministry of Health to ensure that medical devices in Malaysia are of high quality, effective and safe, was represented by Mdm Ir. Sasikala, Director, Policy, Code & Standard Division during the panel session. “In maintaining the competitiveness of the industry, MDA will assist the local manufacturers to comply with the medical devices regulatory requirements,” assurred the MDA Director.

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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. 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, @OfficialMIDA.

For more information, please contact:

Puan Balkish Mohd Yasin

Director, Life Sciences & Medical Technology Division, MIDA

Tel.: 03-2267 3458 | Email: [email protected]

Catching the Next Wave of Medical Devices Manufacturing

The Malaysian Investment Development Authority (MIDA) launched its i-Services Portal during the National Investment Seminar 2018 today. It is a business linkage platform to connect service providers and their potential clients, which consists both local and foreign companies.

30 October 2018, Kuala Lumpur – The Malaysian Investment Development Authority (MIDA) launched its i-Services Portal during the National Investment Seminar 2018 today. It is a business linkage platform to connect service providers and their potential clients, which consists both local and foreign companies.

The National Investment Seminar 2018 was graced by YB Datuk Darell Leiking, Minister of International Trade and Industry (MITI). During YB Minister’s speech, he emphasised on the need for Malaysia to have world class enterprises. “I believe our local companies that continue to develop from strength to strength over the years, has the potential to drive Malaysia towards this next phase of economic growth. The world is moving its focus to Asia, and Malaysia is well-positioned to seize these opportunities. We have all the advantages to compete globally. The trade war that is going on has provided us an opportunity for Malaysia to rise up and reclaim our rightful place as an ‘Asian Tiger’ once again,” said YB Datuk Darell.

The mid-term review of the 11th Malaysia Plan, which was recently announced by YAB Prime Minister, has highlighted the importance of ‘shared prosperity’, ensuring that the fruits of development are enjoyed by every state and every Malaysian.

“Our companies need to move fast to upscale their operations to be on the same level playing field with global players. Prioritise on productivity, accelerate automation and innovation, undertake more R&D and implement best industry practices. We need to focus on these areas if we are to expand market outreach and increase readiness in meeting international requirements,” added YB MITI Minister.

Dato’ Azman Mahmud, Chief Executive Officer of MIDA in his opening speech, “In addition to the i-Services Portal, MIDA has set up a dedicated team under our Domestic Investment & Supply Chain (DISC) Division to link up companies with potential funders, technology providers, research institutions and business partners. The team has identified and collaborated with various institutions. As to date we have engaged with 140 companies and 40 partners providing financial support including private equity firms. We would like to encourage interested parties to register your interest with MIDA by reaching out to any of our MIDA officials for further details on this exciting initiative.”

The National Investment Seminar 2018 was well attended by over 500 participants from various fields, including local and foreign business chambers, government agencies, manufacturers, service providers and potential investors. The seminar featured two panel sessions by a broad range of speakers from the Royal Malaysian Customs Department, Energy Commission, Malaysian Global Innovation & Creativity Centre (MaGIC) and Federation of Malaysian Manufacturers (FMM) as well as government agencies such as Malaysia External Trade Development Corporation (MATRADE), Malaysian Industrial Development Finance Berhad (MIDF) and Export-Import Bank of Malaysia Berhad (EXIM Bank). There were also business clinics and consultation services provided by MITI, MIDA and other related agencies.

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About MIDA i-Services Portal

Launched on 29 October 2018, the i-Service Portal is a business linkage platform to connect service providers and their potential clients, which consists both local and foreign companies. Local service providers are encouraged to register their businesses in the portal as this will be an effective, cost-efficient medium for them to showcase their capabilities in their areas of expertise. This gateway will also help them expand their markets and further boost business activities. Services that are available in portal include Accounting, Distribution and Logistics, Engineering, Education, Environmental Protection, ICT and other Professional & Technical Services. Please log on to http://iservices.mida.gov.myfind out more.

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:

Mr. Ahmad Tajudin Omar

Director, Domestic Investment and Supply Chain Coordination Division, MIDA

Tel.: 03-2267 3627 | Email: [email protected]

SPEECH By YBHG DATO’ AZMAN MAHMUD CHIEF EXECUTIVE OFFICER OF MIDA

INPUTS ON i-SERVICES PORTAL

Session I – Sales Tax

Session I – Services Tax

Session I-MaGIC

Session I-Energy Commission

Session II 01-MIDA

Session II 02-MATRADE

Session II 03-MIDF

Session II 04-EXIM Bank

MIDA i-Services Portal Launched at National Investment Seminar 2018

Accessibility of information at fingertips is vital to assist investors in making well-informed investment decisions. As the Malaysian Investment Development Authority (MIDA) pushes for transparency enhancement and awareness drive on federal government incentives, a single portal to simplify the interactions among the relevant incentives provider towards better management of information was launched last year and is ever ready to benefit more firms

MIDA i-incentives Portal Features 126 Federal Government Incentives

The Malaysian Investment Development Authority (MIDA) signed a Memorandum of Understanding (MoU) with the Investment Promotion Agency Qatar (IPAQ) today to enhance mutual cooperation in generating investment crossflows between the two countries. The signing ceremony was held in conjunction with the 2nd Malaysia-Qatar Joint Trade Committee Meeting (JTC) in Malaysia this week. The partnership includes information exchanges on economic and industrial development as well as the organisation of joint promotional activities such as conferences and seminars that target investors

10 October 2019, Kuala Lumpur – The Malaysian Investment Development Authority (MIDA) signed a Memorandum of Understanding (MoU) with the Investment Promotion Agency Qatar (IPAQ) today to enhance mutual cooperation in generating investment crossflows between the two countries. The signing ceremony was held in conjunction with the 2^nd Malaysia-Qatar Joint Trade Committee Meeting (JTC) in Malaysia this week. The partnership includes information exchanges on economic and industrial development as well as the organisation of joint promotional activities such as conferences and seminars that target investors.

“The partnership between MIDA and IPAQ will strengthen the existing business relations between Malaysia and Qatar. Being a diversified economy with its competitive and comparative advantages, Malaysia provides many business opportunities for the Qatari investors to access the wider market in the ASEAN region. We aim to create new opportunities and catalyse business collaborations through a seamless facilitation channel that will contribute positively to the economic growth of the two countries. We look forward to leveraging on IPAQ’s network and resources to provide more rewarding connections for both our business communities. We want to attract more investments from Qatar. The strength of Qatar in service-based activities is very much in line with our current focus on attracting investments in the services sector and making Malaysia a regional hub for foreign investors,” said Dato’ Azman Mahmud, Chief Executive Officer (CEO) of MIDA.

“We are proud that many Malaysian companies such as Gamuda, UEM, Eversendai, Holiday Villa and Malaysia Airports have increasingly enlarged their footprint in Qatar. With the upcoming 2022 FIFA World Cup in Qatar, we trust that there will be more business opportunities that can be explored by Malaysian businessmen there,” added the CEO of MIDA.

According to IPAQ CEO, Shiekh Ali Alwaleed Al-Thani, “The newly formed Investment Promotion Agency of Qatar looks forward to building on this agreement and enhancing cooperation and sharing of best practices. We believe that our strong relationship will enhance and support the expansion of both Malaysian and Qatari investments in our respective countries.”

The JTC is expected to strengthen the bilateral partnership between both countries and to open new horizons of co-operation to promote Malaysia – Qatar trade and investment. The Minister of Commerce and Industry Qatar and the Minister of International Trade and Industry Malaysia co-chaired the meeting.

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For further information, please contact:

Mr. Nelson Samuel

Director, Foreign Investment Promotion, MIDA

Tel: 03-2267 3787 | Email: [email protected]

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. 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.

ABOUT IPAQ

Investment Promotion Agency Qatar (IPAQ) is Qatari government’s investment promotion arm responsible for promoting the State of Qatar as a preferred location for foreign direct investment, which is line with objectives set out in the Qatar National Vision 2030.

MIDA Signs MoU with IPAQ To Promote Investments

The Government has announced enhancements to the Principal Hub (PH) incentive, which was previously introduced in 2015. Companies with existing operations in Malaysia can now further leverage Malaysia as a base for conducting their regional or global businesses. The key functions of principal hub companies include management of risks, decision making, strategic business activities, trading, finance, management and human resource

Principal Hub Incentive 2.0: Malaysia’s Headquarters Hub Incentive Enhanced

In conjunction with the Malaysia Medical Device Expo 2019 (MyMEDEX 2019) the Malaysian Investment Development Authority (MIDA) organised a panel session titled ‘Revolutionising Medical Technology’ at the Malaysian International Trade and Exhibition Centre (MITEC), Kuala Lumpur today

Sustaining MedTech Revolution through Innovation and a Strong Local Supply Chain

YB Datuk Darell Leiking, Minister of International Trade and Industry, launched the establishment of the Federation of Malaysian Fashion, Textiles & Apparels (FMFTA), at an event themed ‘Fashion and Technology Shaping the Future’ at the Malaysian Investment Development Authority (MIDA) headquarters today. Dato’ Sri Tan Thian Poh has been elected as the Chairman of FMFTA Pro-tem Committee. The launching was attended by over 200 participants, including industry experts, professionals, designers as well as representatives of associations to commemorate this commendable milestone in the industry. The event also included a talk on ‘Fashion-Tech Shaping the Future’, followed by a Fashion-Tech Showcase

Minister of MITI Launches the Federation of Malaysian Fashion, Textiles & Apparels (FMFTA) at MIDA Headquarters