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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.
We are ever ready to engage and assist you in your business ventures in Malaysia.
The National Council of Digital Economy and Fourth Industrial Revolution (MED4IR) chaired by the Malaysia’s Prime Minister 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.
TRACK provides end-to-end facilitation to all projects approved by the National Committee of Investment (NCI). TRACK 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.
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.
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.
Malaysia needs more skilled talent for the economy to move up the value chain. Concurrently, there is also a need to create opportunities for the country’s youth and reduce dependency on foreign employment while ensuring the future needs and relevant skills of Industry 4.0.
In view of this, MIDA has been instrumental in generating high value employment opportunities for quality investment projects in the country through continuous collaborations with the academia and related government ministries and agencies. Among the collaboration programmes initiated by MIDA is an internship programmed called the Manufacturing Internship Programme (Manufactship) and Apprenticeship. MIDA initiatives aim to ensure a continuous supply of skilled local talent to the industry by linking private companies with talents through a structured internship framework programme.
Additionally, matchmaking and information sharing sessions have also been continuously carried out through organising the monthly Industry Career Talk & Open Interview series. Recognising the multiplier effects generated by investment created by both foreign and local private companies, MIDA has been engaging with the industries in this programme with the aim of providing:
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.
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:
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.
NO. |
MoU PARTNER |
COUNTRY/ |
AREAS OF COLLABORATION
|
1. |
Northern Corridor Implementation Authority (NCIA) |
Malaysia |
To engage and cooperate with each other to facilitate common activities for the purpose of exploring and evaluating possibilities for joint collaboration on strategic projects and initiatives in relation to Kedah Rubber City. |
2. |
AT&S Austria Technologie & Systemtechnik (Malaysia) Sdn Bhd |
Malaysia |
To collaborate on long-term research and development partnerships and upskilling programmes with Malaysian universities, training and research institutions, to create highly skilled and high-value-added employment opportunities. The MOU will see both parties collaborate to uplift Malaysia’s talent competence, especially in high end printed circuit boards (PCB) and IC substrates. |
3. |
MEDEF International |
France |
Formalises the continuous partnership between both organisations to further encourage, promote and facilitate potential investments and business cooperation for mutually beneficial outcomes. |
4. |
Citibank Berhad |
Malaysia |
Extend a financial platform and a seamless provision of end-to-end banking services by Citi Malaysia to new and existing foreign investors in Malaysia. |
5. |
SIRIM Tech Venture Sdn Bhd |
Malaysia |
Work closely with MIDA’s Domestic Investment Coordination Platform (DICP) in identifying and matching companies to adopt new production solutions. Promote Malaysia’s technical expertise and to ensure easy access for the domestic companies to technology providers in their desire for higher efficiency and new business models. |
6. |
HSBC Bank Malaysia Berhad
|
Malaysia |
With the combined capabilities of both HSBC and MIDA, investors can expect to see virtual roadshows, joint seminars, conferences and round-table discussions. Companies approaching MIDA can also leverage on HSBC’s expertise in terms of banking and finance including FDI Advisory services. |
7. |
Ambank (M) Berhad
|
Malaysia |
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. |
8. |
Cyberview Sdn Bhd
|
Malaysia |
Strategic collaboration in attracting global companies and identifying domestic companies for sustainable investments in high-value services activities, including:
|
9. |
Standard Chartered
|
Malaysia |
To attract targeted global investments into Malaysia. The sectors include high-value, high-technology and high-impact investments, including:
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. |
10. |
United Overseas Bank (UOB)
|
Malaysia |
To attract higher foreign direct investments (FDI) into high value-added sectors. The key priority sectors are:
This MoU will also facilitate the transfer of technology and knowledge for local companies and create opportunities to develop a highly-skilled domestic workforce. |
11. |
Investment Promotion Agency Qatar (IPAQ)
|
Qatar |
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. |
12. |
DHL Express
|
Germany |
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. |
13. |
China Communication Construction Company Ltd
|
China |
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:
|
14. |
Korea Trade-Investment Promotion Agency (KOTRA)
|
Republic of Korea |
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. |
15. |
CIDB
|
Malaysia |
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. |
16. |
Industrial and Commercial Bank of China (Malaysia) Berhad (ICBC)
|
China |
ICBC will support MIDA in investment promotional activities and financial facilitation for investors of both countries. |
17. |
Mizuho Bank (Malaysia) Berhad
|
Malaysia |
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. |
18. |
Japan Bank for International Cooperation (JBIC)
|
Japan |
To cooperate in the promotion and development of industrial segments in Malaysia, as well as overseas investment and trade between Malaysia and Japan.
|
19. |
The Tokai Bank Limited |
Japan |
To cooperate in the promotion and financial support in investment and trade between Malaysia and Japan. |
20. |
The Mitsui Bank Ltd (Sumitomo Mitsui Banking Corporation) [SMBC] ![]() |
Japan |
To assist in the promotion and development of industrial and trade cooperation between Malaysia and Japan. |
21. |
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. |