PACU@MIDA to Facilitate Speedy Implementation of Investment Projects in Malaysia
Kuala Lumpur, 2 October 2020 – The Project Acceleration and Coordination Unit (PACU) at the Malaysian Investment Development Authority (MIDA) organised an e-Biz Clinic on ‘Starting Your Project with PACU@MIDA’ via a virtual webinar and physical event at the MIDA Headquarters (HQ) on 29 September 2020.
The initiative provided a platform for investors to engage and network with relevant authorities and stakeholders. Investors were also briefed on relevant information to enable efficient and timely realisation of projects that have been approved by the National Committee of Investment (NCI) within the stipulated 12-month time frame.
In his opening message, Dato’ Azman Mahmud, the Chief Executive Officer (CEO) of MIDA, highlighted on the adjustments in the global economy under the new normal. He emphasised that, “MIDA will continue its efforts to attract quality investments in the country and restore investor’s confidence in seeing Malaysia as their preferred investment destination. It is fundamental to revitalise the economy by adopting bold initiatives to ensure impactful accomplishments.”
“As part of Malaysia’s journey towards economic recovery, the Government introduced the National Short-Term Economic Recovery Plan called PENJANA on 5 June 2020. This includes the dedicated team established at MIDA, aptly named PACU to facilitate the speedy implementation of investment projects in the country”, added Dato’ Azman.
The e-Biz Clinic was broadcasted online and has garnered over 1,000 views, represented by manufacturers, service providers’, industrial associations, consultants and potential investors. The seminar featured presentations by a diverse mix of speakers, including Ms. Noor Aieda Ahmad, Director of Post Investment and Infrastructure Support Division of MIDA; TPr. Zamirzan Puji, Senior Principal Assistant Director, Development Control Consultation Division, Ministry of Housing and Local Government; Mr. Ir. Mohd Fairuz Abdul Kadir, Manager (Government and Mega Project-Supply) Customer Care and Business Development, Retail Division, Tenaga Nasional Berhad (TNB); Mr. Mohamad Rejab Sulaiman, Head of Internet, DC and Cloud, TM ONE Telekom Malaysia (TM); and Ms Gayathri Vadivel, Head of Employment Services Department Employment Insurance System from SOCSO.
Participants were guided on application submission, regulations and relevant requirements to kick-start their investment projects in Malaysia. In addition, this event provided information on utilities offered by service providers, as well as facilitation and assistance provided by the Government.
For the period of January to March 2020, a total of 214 manufacturing projects were approved. Of these, 127 projects (59.3%) are currently being implemented. Simultaneously, out of the 988 manufacturing projects approved in 2019, a total of 698 projects, which is equivalent to 71 per cent, have been implemented.
MIDA, through PACU@MIDA will strive to provide professional support and assistance through various facilitations, programmes and initiatives for businesses to grow. MIDA continues to closely collaborate with federal and state agencies to facilitate investors in ensuring the timely implementation of their projects.
For more information or enquiries on PACU@MIDA, investors can contact the team at +603-2263 2462 / +603-22673473 or email [email protected].
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 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, LinkedIn and YouTube channel.
For more information, please contact:
Ms. Noor Aieda Ahmad
Director of Post Investment and Infrastructure Support Division, MIDA
Tel.: 03-2267 6688 Email: [email protected]
Project Acceleration & Coordination Unit (PACU)
(603)-2263 2462 / (603)-22673473