Malaysia attracts over RM2 bil German investments

Malaysia continues to attract foreign investment interests with German companies expecting to invest some RM2.35 billion in the country following the recent trade and investment mission led by the Minister of International Trade and Industry, Dato’ Sri Mustapa Mohamed to Germany.

The Minister led the Malaysian delegation comprising corporate leaders and top government officials including from the Malaysian Investment Development Authority (MIDA) for the visit. The mission from 11th to 22nd October also covers Italy and Spain.

The investments are mainly in renewable energy and the semiconductor industries while some investments are in oil and gas, chemicals and advanced machinery.

In Dusseldorf, Dato’ Sri Mustapa chaired a one-day seminar attended by some 220 participants including from the machinery, palm oil, green technology, electrical and electronics (E&E), medical devices and consumer electronics sectors.

He also held talks with existing German investors with businesses in Malaysia on operational matters as well as the companies’ plans for expansion, particularly for those in the midst of a major technology transfer to countries in Asia.

Meanwhile, MIDA Chairman, Tan Sri Amirsham A. Aziz held a trade and investment seminar in Munich

The two seminars had also generated keen interests from German companies to expand their operations in Malaysia, including setting up research and development facilities and upgrading supply chain management.

Source: NST Business Times 20 Oct 2014

Posted on : 20 October 2014
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Last Updated : Tuesday 7th April 2020