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Investing in Circular Bioeconomy

The Circular Economy covers a broad spectrum of activities, explicitly addressing the circularity aspects of renewable biological resources and converting these resources and waste streams into sustainable higher value-added products such as food, feed, bioenergy, biofuels, biochemical and bio-based end products. Existing industries, particularly those with heavy reliance on fossil feedstock, are being pressured to transition towards rethinking their existing processes, adopting a more circular model and switching to renewable resources to reduce their carbon footprint and emissions towards meeting global climate change goals.

 

As more companies are looking for sustainable businesses as a new revenue source, Malaysia is well-positioned as a preferred location for bio-based ventures. Malaysia’s competitive advantages include the availability of sustainable and renewable biological resources such as biomass and other sources of waste streams. MIDA has added a new Circular Bioeconomy Unit (CBE) which aims to accelerate Malaysia’s transition from a linear ‘take-up’ model to a circular ‘make-use-return’ paradigm. This is expected to be a new catalyst of growth for Malaysia, enabling a large-scale transition to Circular Bioeconomy for sustainable and inclusive development that will create a string of new industries and high-value jobs. CBE will help guide companies both local and international toward realising their investments for this new opportunity in Malaysia, the gateway to ASEAN.

 

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Digital Investment Office (DIO)
A Single Window for Digital Investments

The National Council of Digital Economy and Fourth Industrial Revolution (MED4IR) chaired by Prime Minister YAB Tan Sri Dato’ Haji Mahiaddin bin Haji Md Yasin endorsed the establishment of the Digital Investment Office (DIO), entrusted to charge towards facilitating digital investments in Malaysia. The role of DIO is consistent with the MyDIGITAL Blueprint and the National Investment Aspirations, guided by the essence of the Shared Prosperity Vision (SPV) 2030.

 

The DIO is a fully-digital collaborative platform between the Malaysian Investment Development Authority (MIDA) and Malaysia Digital Economy Corporation (MDEC) to coordinate and facilitate all digital investments. The objective of this endeavour is not only to create awareness on digital investments in the country but to also strengthen the coordination among all Investment Promotion Agencies (IPAs) in promoting and attracting new investments in this fast-evolution segment.

 

To know more about DIO please visit MHODA webpage

Project Acceleration and Coordination Unit (PACU)

PACU provides end-to-end facilitation to all projects approved by the National  Committee of  Investment (NCI). PACU ensures acceleration from the approvals of projects right up to its implementation. The adoption of a digitalised system provides real-time tracking for companies to easily follow up on the status of their projects.

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Malaysia’s Lighthouse Project Programme : The Beacon of Malaysia’s Future Industries Economy

The manufacturing sector in Malaysia has long played a key role in transforming the country into a major player in the global value chain apart from rapidly reshaping the country into an industrialised nation. Combined with the services sector, which accounts for a significant contribution to Malaysia’s Gross Domestic Product (GDP), both sectors remain as key drivers of growth for the Malaysian economy.

 

The country’s National Policy on Industry 4.0: Industry4WRD has set specific goals and targets to support the national vision for the transformation of the manufacturing sector and manufacturing related services (MRS) sector. With the Malaysia National 4IR Policy, technology and knowledge will be the most important drivers for development, progress and prosperity, for now and in the foreseeable future. Both policies will be the springboards to lift Malaysia into a new collective, shared prosperity, equitable and inclusive nation by 2030. Businesses will become more productive, competitive and innovative in their offerings, business operations and value delivery to the consumers.

Malaysia’s Lighthouse Programme is an initiative undertaken by MIDA to identify and showcase those manufacturers and services industry players at the forefront of implementing technologies enabling the Fourth Industrial Revolution (4IR) /Industry 4.0 (I4.0) /Smart Manufacturing. Malaysia’s Lighthouse Programme consists of industry players that have taken 4IR/ I4.0 /Smart Manufacturing technology from pilot to integration at scale, thus achieving significant financial and operational benefits. The term ‘lighthouse’ denotes that these projects can act as beacons to guide the many thousands of others around the country that are still looking to apply technologies like artificial intelligence, autonomous robots and other Industry 4.0 technology pillars as well as overcome challenges in upgrading existing production systems. By embracing the Lighthouse Model adoption, industries can jumpstart the current productivity stagnation and reset their benchmarks for operational and financial key performance indicators (KPIs). In tandem with this, the technology can create a better, cleaner world through new levels of efficiency in the manufacturing sector and its related ecosystem.

The objectives of the Lighthouse initiative by MIDA are:

1)    To reposition Malaysia as among the top Global Economies with the latest technology adoption and innovation

2)    To continue the momentum of MIDA’s continuous effort in driving Industry 4WRD and 4IR Blueprint initiatives towards reality

3)    To assist existing industry sectors to become a Malaysia Lighthouse

 

The Malaysia Lighthouse programme by MIDA also integrates economic multiplier effects showcase in the DNA of companies in addition to 4IR/Ind4.0/Smart Manufacturing technology adoption in the production/operation such as Innovations/R&D, Ecosystems Collaborations, Socio Economic Development & Human Capital Development. A strong manufacturing and services sector would pave the way to enhanced productivity, job creation, innovation capacity, high-skilled talent pool and ultimately economic prosperity and societal well-being. This would position Malaysia as a primary destination for smart manufacturing and smart services projects globally and attract more high-tech investments.

Download article on 'A Roadmap to Lighthouse'
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Technology Adoption

The future is about technology and of how people’s lives, workplace and leisure are being transformed by the Fourth Industrial Revolution (4IR) driven by digitalisation and the Internet of Things.

 

The National Policy on Industry 4.0 (Industry4WRD) is Malaysia’s response to the Fourth Industrial Revolution, which underlines the Government’s commitment towards this new era of technological convergence. It is a collaborative effort between the Government, industry, and academia, aiming for enhanced productivity, greater job creation, and the creation of a high-skilled talent pool in the manufacturing sector.

 

The manufacturing sector together with its manufacturing related services and ecosystem partners is anticipated to transition towards more high value, diverse and complex products and services. Driven by three catalytic subsectors, namely electrical and electronics (E&E), machinery & equipment (M&E) and chemicals, as well as industries with high potential growth such as medical devices and aerospace, the transition could be further enhanced by undertaking supporting R&D activities.

 

Industry players will need to prioritise innovation or R&D led-growth models to be resilient in the long term. In addition to focusing on research, development, commercialisation and innovation (R&D&C&I), industry players are also encouraged to enhance their operation efficiency through smart technology adoption.

 

MIDA is your key strategic implementation partner to reach your business goals in the adoption of these technologies.

 

We encourage businesses to undertake in-house R&D activities, work together with approved R&D Companies or form strategic collaborations with public and private research institutes in Malaysia. We are also ramping up efforts to keep the momentum going in the manufacturing sector in line with the Industry4WRD objectives.

 

MIDA continues to be a networking conduit to connect companies and technology solution providers, both international and local, in efforts to assist and facilitate industry players in their digitalisation journey. We are also a crucial component of Malaysia 4IR and Digital Economy Blueprints to chart Malaysia to the next phase of transformation.

 

Prospective investors are encouraged to take advantage of MIDA’s facilities, grants and incentives and upscale your business today.

 

We are ever ready to engage and assist you in your business ventures in Malaysia.
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Triple Helix Programme

Realising the importance of knowledge and technology transfer to industry and commercialisation of knowledge, MIDA has collaborated with local research institutions/universities and industries to initiate the Triple Helix Programme.

 

The programme is set to foster more linkages, interactions, smart partnerships and collaborations between universities and industries through scientific research, innovation and commercialisation of university products and technologies.

 

The right investments for innovation and technology will develop and spur growth in the whole technology sector. Hence, the proposed private-public partnership will not only provide Malaysia with vast opportunities for technology enhancement and innovation but also a vote of confidence in the country’s economy.

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Investment Incentives Portal (i-Incentives)

i-Incentives is a portal that provides the information on investment incentives offered by the Federal Government of Malaysia. Incentives Coordination and Collaboration Office (ICCO) established under the Malaysian Investment Development Authority (MIDA) has been tasked as a central coordinator for all investments incentives to meet the national investment agenda. ICCO will be a one-stop centre to advise and coordinate businesses on incentive offerings and provide cross-agency visibility. The incentives coverage will be a dynamic one, whereby the list of incentives offered by all Ministries and agencies will be updated from time to time.

Visit the i-Incentives Portal for more information.
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Global Supply Chain Coordination

MIDA has been spearheading initiatives to connect local companies and SMEs with multinational companies (MNCs) and large local corporations (LLCs) through many platforms including Supply Chain conferences and other networking events.

 

Recognising the prospects of domestic businesses in driving the economic growth of the country, MIDA continues to encourage local companies to better expand their market outreach and adopt best practices by becoming critical parts of the global supply chain. MIDA facilitates companies that are interested in the following activities:

 

  1. Local sourcing activities
    • Leveraging the existence of MNCs/ LLCs in strengthening the supply chain and creating greater spillover benefits.
    • Creating opportunities for domestic companies and mitigate gaps in the supply chain.
    • Developing and upgrading existing local vendors through Vendor Development Programmes in collaboration with MNCs/ LLCs as an anchor company.
  2. Local engineering support
    • Leveraging on Malaysia’s strong engineering support industry (ESI). Our ESI encompasses companies carrying out a wide range of activities including mould and die, machining, metal stamping, metal casts, surface engineering, heat treatment and forging. It is a vital industry to be developed due to its linkages to various economic sectors.

 

We are ever ready to engage and assist you in your business ventures in Malaysia.
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Funding Needs

MIDA supports local companies, particularly the small and medium enterprise (SMEs) in accessing additional sources of funds, particularly by bridging potential financial and technology gaps. MIDA works closely with local regulators, technology providers, financial institutions as well as equity and corporate advisory firms to facilitate the financial needs of local companies.

Funding options that are available include the economic stimulus packages announced under Budget 2021 including PENJANA, PRIHATIN, PRIHATIN SME PLUS and KITA PRIHATIN. Under PENJANA, the Smart Automation Grant (SAG) was introduced to assist and facilitate SMEs and Mid-Tier Companies (MTCs) to digitalise operations trade channels as well as to enhance their competitiveness at an international level.

More general information on PENJANA Incentives and Grants, please click here
We are ever ready to engage and assist you in your business ventures in Malaysia.
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Cross-Border Investment

MIDA assists and facilitates cross-border investments/ direct investments abroad. Malaysian companies are encouraged to venture overseas to expand their markets, tap into new investment opportunities and acquire new technologies.

 

We are ever ready to engage and assist you in your business ventures in Malaysia.
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MIDA MOU PARTNERS

 

NO.

MOU PARTNER

COUNTRY/
YEAR

AREAS OF COLLABORATION

 

1.

Ambank (M) Berhad

Malaysia
(2021)

The collaboration with AmBank (M) Berhad is a dedicated Acceleration Programme under Smart Automation Grant. Companies/Clients will go through a series of sessions to refine their knowledge on automation and digitalisation through simulation training and evaluations.

2.

Cyberview Sdn Bhd

Malaysia
(2020)

Strategic collaboration in attracting global companies and identifying domestic companies for sustainable investments in high-value services activities, including:

  • principal hub and global distribution centers; and
  • innovative and technology based-services in tech clusters such as smart mobility, smart healthcare and digital creative

3.

Standard Chartered

Malaysia
(2020)

To attract targeted global investments into Malaysia. The sectors include high-value, high-technology and high-impact investments, including:

  • electrical and electronics,
  • machinery and equipment,
  • medical devices,
  • aerospace,
  • renewable energy; and
  • consumer technology.

Standard Chartered Malaysia’s local expertise and global reach enables potential foreign investors to gain access to banking services and foreign direct investment (FDI) advisory.

4.

United Overseas Bank (UOB)

Malaysia
(2020)

To attract higher foreign direct investments (FDI) into high value-added sectors. The key priority sectors are:

  • electrical and electronics,
  • machinery and equipment,
  • medical devices,
  • aerospace,
  • renewable energy; and
  • consumer technology.

This MoU will also facilitate the transfer of technology and knowledge for local companies and create opportunities to develop a highly-skilled domestic workforce.

5.

Investment Promotion Agency Qatar (IPAQ)

Qatar
(2019)

The MoU, signed during the 2nd Malaysia-Qatar Joint Trade Committee Meeting (JTC) in Malaysia, looks at  partnership on economic and industrial development as well as joint promotional activities to target investors between both countries.

6.

DHL Express

Germany
(2019)

To attract DHL’s potential MNC clients to look into Malaysia as an investment destination, either for relocation or to centralise their regional operational functions (regional operations) as well as business expansions.

7.

China Communication Construction Company Ltd

China
(2019)

To enhance cooperation in the development of industrial parks, infrastructure, logistics hub and  transit-oriented developments pursuant to east coast railway project (ECRL).
The Economic Accelerator Projects may include:

  • An industrial park in the East Coast of Peninsular Malaysia to attract trade and investments along the ECRL corridor
  • An industrial park in the West Coast of Peninsular Malaysia to attract trade and investments along the ECRL corridor for hi-technology industries and energy sector or any other areas.
  • Logistics hubs at transport interchanges to promote connectivity and transportation of goods.
  • Transit-oriented developments (TOD) in seven (7) ECRL Project stations to promote new development and to support the growth of industrial parks

8.

Korea Trade-Investment Promotion Agency (KOTRA)

Republic of Korea
(2019)

The MoU, signed in conjunction with the visit of His Excellency Moon Jae-In, President of the Republic of Korea to Malaysia; inks the partnership on information exchanges relating to investment environment and opportunities, as well as promotion activities and best practices.

9.

CIDB

Malaysia
(2016)

To promote synergetic partnership in the collaborative efforts to enhance the adoption of Industrialised Building Systems (IBS) and relating practises for the construction industry’s environmental sustainability and construction materials standards in Malaysia. This include promoting awareness, training and education.

10.

Industrial and Commercial Bank of China (Malaysia) Berhad (ICBC)

China
(2016)

ICBC will support MIDA in investment promotional activities and financial facilitation for investors of both countries.

11.

Mizuho Bank (Malaysia) Berhad

Malaysia
(2006)

MIDA and Mizuho to cooperate in order to contribute to further expand the Malaysian economy through supporting investment activities of Japanese companies in Malaysia and exchange of information, based on the current amicable relationship existing between both parties.

12.

Japan Bank for International Cooperation (JBIC)

Japan
(2004)

To cooperate in the promotion and development of industrial segments in Malaysia, as well as overseas investment and trade between Malaysia and Japan.

 

13.

The Tokai Bank Limited

Japan
(1990)

To cooperate in the promotion and financial support in investment and trade between Malaysia and Japan.

14.

The Mitsui Bank Ltd
(Sumitomo Mitsui Banking Corporation) [SMBC]

Japan
(1989)

To assist in the promotion and development of industrial and trade cooperation between Malaysia and Japan.

15.

Bank of Tokyo-Mitsubishi UFJ, Ltd
(The Bank of Tokyo Ltd)

Japan (1987)

To continue the cooperation and facilitation of global trade and Investments in Malaysia.

 

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