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Mida eyes US$400 mil investments from S. Korea firms

Mida eyes US$400 mil investments from S. Korea firms

Chief
executive officer Datuk Azman Mahmud said the firms showed strong interest in
food products, the halal industry, electrical and electronics (E and E),
chemicals, information and communications technology (ICT) and fabricated
metals.

The
confidence level is there among foreign investors as Malaysia has its own
strengths and attractions with a conducive environment for business to flourish
and positive economic growth, he said in an interview with Malaysian media on
the sidelines of the seminar.

The
business seminar was in conjunction with the Mida-led trade and investment
mission to South Korea and Japan which began on Nov 23 and ends on Nov 27.

Individual
business sessions have been arranged between South Korean and Japanese
companies with the Malaysian delegation comprising private and public sector
representatives. Malaysian participants include Invest Penang, Johor State
Investment Centre, Johor Petroleum Development Authority, Johor Biotechnoloy
and Biodiversity Corp, Multimedia Development Corp, Halal Industry Development
Corp and Kulim Technology Park Corp.

Representatives from Accendas Services Malaysia
Sdn Bhd and its unit Nusajaya Tech Park Sdn Bhd, Tentu Teguh Sdn Bhd, Johor
Corp (Tanjung Langsat), Iskandar Regional Development Authority, UEM Sunrise
Bhd, CIMB, WB Land Sdn Bhd, East Coast Economic Region Development Council, POIC
Sabah Sdn Bhd and Miresco Integrated are also in the trade and investment
mission.

Source : Bernama

25 November 2015
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