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MIDA confident of achieving investment target

MIDA confident of achieving investment target

Its
Deputy Chief Executive Officer, Datuk Phang Ah Tong said the figure would come
from the manufacturing and services sectors.

He said
that in the first-half of the year, Malaysia received about RM49bil and RM62bil
in investments in the manufacturing and the services sectors respectively.

He said
this at a press conference after opening Bosch sales office in Wisma SP Setia
in Bukit Indah here.

Also
present at the event were Bosch South-East Asia president Martin Hayes and
Bosch Malaysia managing director Simon Song.

Phang
said the services sector would become the key factor to attract new investments
into the country.

“However,
manufacturing activities will continue to drive our economy and we are focusing
on attracting more high-technology investments,” he said.

Phang
said among the high-technology investments were in the electronics and
electrical, medical devices, aeronautical, machinery and equipment sectors.

He said
MIDA would focus on the supply chain management sector to develop the country
as the distribution hub for global companies.

Source : StarBiz 

14 October 2015
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