MIDA lauds Sabah CM's strategy to facilitate investment

​The Malaysian Investment Development Authority (MIDA) lauds Sabah Chief Minister Datuk Seri Mohd Shafie Apdal’s strategy to promote the state as an investment destination

The Malaysian Investment Development Authority (MIDA) lauds Sabah Chief Minister Datuk Seri Mohd Shafie Apdal’s strategy to promote the state as an investment destination.

In this regard, MIDA chief executive officer Datuk Azman Mahmud cited Mohd Shafie’s ‘speedy approval’ policy.

“The policy presents a favourable image to investors as it shows Sabah’s preparedness in receiving investors to spur its economy, he said in a statement made available by the Chief Minister’s Department here.

Referring to the investment mission to Japan that the chief minister himself headed, Azman said it boosted potential investors’ confidence as they could pose their queries directly to the state leader.

“It is very smart and proactive of the chief minister to avail himself to the hundreds of companies and investors for information on Sabah that the latter needed.

“That is what investors go for. They want a decision as quickly as possible so they can go ahead and not waste time,” he said.

He said Mohd Shafie’s efforts was also in line with the Prime Minister’s call for investment approvals to be expedited.

Azman viewed the Sabah government’s Japan investment mission which was participated by the Ministry of International Trade and Industry and agencies under it, as a success, as it had created greater opportunities for stakeholders, particularly in Sabah to partake in the ventures.

He noted that representatives from the 500 companies who attended the investment seminar and business match making programme held in Kobe, Nagoya and Tokyo had shown interest in coming to Malaysia including Sabah.

Overall, he added, the mission accomplished the aim of MITI, MIDA, Malaysia External Trade Development Corporation (MATRADE) and Malaysian government in general to impart key information on Malaysia’s active investment climate and policy.

Source: Bernama

Posted on : 04 December 2019
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Last Updated : Thursday 21st May 2020