Kuala Lumpur, 16 January 2020 – The Malaysian Investment Development Authority (MIDA) kick-started the year 2020 with a networking event with the European (EU) chambers, associations and embassies on 14 January 2020. Forty representatives from the Austria, Belgium, Czech Republic, France, Italy, Ireland, Germany, Norway, United Kingdom, The Netherlands, Russia, Sweden, Switzerland and Spain offices in Malaysia attended the event. The event was graced by Dato’ Abdul Majid Ahmad Khan, Chairman of MIDA and participated by the organisation’s management team members.
Dato’ Azman Mahmud, Chief Executive Officer of MIDA, hailed the reception as a great success for his team. “This get-together is an excellent chance for both sides to catch up on many areas, businesses, strengths, stories and opportunities in a more personal setting. This is also a way for MIDA to show our appreciation to our friends from the EU chambers, association and embassies for their continuous support in our venture to increase investments into the country. Our next networking event, which will be organised soon, will be with the chambers and associations from the Americas, Oceania and Asia Pacific region.”
As of September 2019, MIDA has approved a total of 2,366 manufacturing projects with the participation from EU countries worth RM 131.4 billion. These investments created 271,712 employment opportunities for the country. For the first nine months of 2019 alone, a total of 34 manufacturing projects with EU’s participation worth RM3.1 billion were approved, and this is expected to create 2,782 job opportunities.
Major European companies that have operations in Malaysia include ST Microelectronics, Infineon, Acerinox, Saint Gobain, Dyson Manufacturing, Novartis, Osram Opto Semiconductors, Aker Solution, and B.Braun Medical.
For 2020, MIDA will be organising a series of trade and investment (T&I) missions and working visits to Spain, Switzerland, Germany, UK and France. Also, MIDA’s T&I missions for this year will cover other countries such as Japan, the Republic of Korea, China, India, New Zealand, Saudi Arabia, U.A.E and the USA.
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.