The 4th edition of the National Economic Forum (NEF), organised by the National Chamber of Commerce and Industry Malaysia (NCCIM), was held on May 9, 2024, at One World Hotel, PJ. With the theme “Strategic Innovation and Global Alliances: Propelling Malaysia to the Forefront of the Global Economy,” the event featured keynote and special addresses by the Ministry of Economy as well as the Ministry of Science, Technology, and Innovation. It featured three panel sessions delving into the impact of the Madani Economic Framework on Malaysia’s economic transformation, strategies to fortify the nation’s innovation pathway, and approaches to ensuring currency stability.

Mr. Sivasuriyamoorthy Sundara Raja, MIDA Deputy Chief Executive Officer (Investment Promotion and Facilitation) was invited as a panellist, sharing insights on the government’s efforts to attract foreign and domestic investments over the past six decades. He emphasised MIDA’s commitment to supporting the New Industrial Master Plan (NIMP) 2030 strategies in targeted high-value sectors including semiconductor (IC design and wafer fabrication), specialty chemicals, advanced materials, aerospace, pharmaceuticals, medical devices, as well as emerging sectors such as electric vehicles (EVs), renewable energy, advanced materials, and carbon capture, utilisation, and storage (CCUS).

Drawing nearly 600 participants, the forum facilitated valuable exchanges with industry players on achieving the national investment agenda and highlighted Malaysia’s vision for economic growth, particularly through the adoption of technology and innovation.