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 held at Impiana Hotel, Kuala Lumpur. Forty representatives from Austria, Belgium, Czech Republic, France, Italy, Ireland, Germany, Norway, United Kingdom, The Netherlands, Russia, Sweden, Switzerland and Spain representative offices in Malaysia attended the event. Dato’ Abdul Majid Ahmad Khan, Chairman of MIDA graced the event and was participated by MIDA Management team members.
Dato’ Azman Mahmud, Chief Executive Officer of MIDA, hailed the reception as a great success for MIDA 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 appreciation to the friends from the EU chambers, association and embassies for their continuous support in venturing to increase investments into the country. The 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 RM131.4 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.
For 2020, MIDA will be organising a series of trade and investment missions (TIMs) and working visits to Spain, Switzerland, Germany, UK and France. Also, MIDA’s TIMs 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.