Malaysia Presents A Strong Proposition to Investors at World Economic Forum (WEF) 2023, Davos
Kuala Lumpur, 20 January 2023 – Led by the Minister of International Trade and Industry (MITI), YB. Tengku Datuk Seri Utama Zafrul Bin Tengku Abdul Aziz, Malaysia presented a strong proposition to investors at the World Economic Forum (WEF) Annual Meeting 2023 in Davos, Switzerland, from 16-20 January 2023.
The annual meeting, themed “Cooperation in a Fragmented World,” brought together 2,700 leaders from 130 countries, including 52 heads of state and government, as well as representatives from the private sector and civil society to address the state of the world and top priorities for the year ahead to improve global economic conditions.
At this high-profile gathering, the MITI Minister continuously emphasised Malaysia’s commitment to improve the ease of doing business, maintain a pro-business policy and attract more high-value investments, while also positioning Malaysia as a gateway into Southeast Asia.
YB. Tengku Datuk Seri Utama Zafrul was a panelist at a few official WEF sessions including “Living with Risk” and the “Governors Policy Meeting on Supply Chain & Transport”. Tengku Zafrul was also part of a CNBC Panel Session entitled “Global Trade: Navigating the Post-Pandemic Supply Chain Challenge”, which also included His Hon. Ville Skinnari, Finland’s Minister for Development Cooperation and Foreign Trade, as a panelist.
WEF served as an expeditious platform for the MITI Minister to meet his counterparts, including His Hon. Ahn Duk-geun, Minister for Trade Korea; His Hon. Damien O’Connor, Minister for Trade and Export Growth, New Zealand; His Hon. Thani Ahmed Al Zeyoudi, Minister of State for Foreign Trade, United Arab Emirates; Liesje Schreinemacher, Minister for Foreign Trade and Development Cooperation, Netherlands; as well as His Hon. Luhut Binsar Pandjaitan, Coordinating Minister of Maritime and Investment Affairs and His Hon. Bahlil Lahadalia, Minister of Investment, Indonesia; to discuss trade issues including strengthening economic partnership between Malaysia and their countries.
The MITI Minister also met with several key representatives from multinational companies such as Intel Corporation, Microsoft Corporation, P&G, Honeywell, Amazon Web Services, Ericsson, Port of Antwerp, AstraZeneca and Estee Lauder where they exchanged views and insights on ways to strengthen existing business and investment relations as well as exploring further opportunities in Malaysia.
The Malaysian delegation, led by Tengku Zafrul, promoted the government’s initiatives to attract quality and sustainable investments, as well as exchanged views and perspectives with the leaders of other countries and participants.
MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 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, Facebook, LinkedIn, TikTok and YouTube channel.
For more information, please contact:
Mr. Faizal Jalaludin
Director, Foreign Investment Division
E: [email protected] I T: +60322676650