MIDA Attracts 111 Potential Green Projects worth RM4.1 Billion at IGEM 2018

The Malaysian Investment Development Authority (MIDA) today announced the outcome of their participation at the 9th International Greentech & Eco Products Exhibition and Conference Malaysia (IGEM 2018) that was held at the Kuala Lumpur Convention Centre, last month

28 November 2018, Kuala Lumpur – The Malaysian Investment Development Authority (MIDA) today announced the outcome of their participation at the 9th International Greentech & Eco Products Exhibition and Conference Malaysia (IGEM 2018) that was held at the Kuala Lumpur Convention Centre, last month.

According to the Chief Executive Officer of MIDA, Dato' Azman Mahmud, "MIDA recorded 111 potential business projects worth RM4.1 billion in the areas of green technology for the manufacturing and services sector. Of the total, RM3.7 billion will be in the services sector while the rest are investments in manufacturing projects. We are excited to share that from the total, MIDA has secured 18 projects with investments of RM557 million mainly in the areas of renewable energy from solar and biogas, energy efficiency (EE), green building and green services.”

This follows the encouraging trend of investment leads received throughout MIDA’s participation in IGEM since 2014.

Year Investment Leads

(RM Billion)

2014 1.53
2015 1.26
2016 1.23
2017 5.19
2018 4.10

As the strategic partner of IGEM 2018, MIDA was involved in various programmes including business consultations, four sessions of 'Pocket Talks', a forum on Green Financing, a Financial Industry dialogue and an Energy Efficiency townhall.

IGEM is the biggest flagship event organised annually by the Ministry of Energy, Science, Technology, Environment & Climate Change (MESTECC) to create a platform for solution providers and green energy businesses to tap into the fast expanding ASEAN market by showcasing the latest innovations to policy makers, government organisations, investors and the mass market.

“MIDA will continue to collaborate with MESTECC to engage and participate in IGEM as it is a good platform for MIDA to connect with our stakeholders towards encouraging more investments in green projects. This is in line with the green initiatives driven by MESTECC to meet Malaysia’s aspirations for sustainable growth,” said the CEO of MIDA.

***

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:

Ms Wan Hashimah Wan Salleh

Director

Green Technology Division, MIDA

Tel.: 03-2267 3540

Email: [email protected]

Posted on : 28 November 2018
//
Last Updated : Wednesday 13th November 2019