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MIDA: Malaysia ranks 27th in Milken Institute’s Global Opportunity Index

MIDA: Malaysia ranks 27th in Milken Institute’s Global Opportunity Index

15 Mar 2024

Malaysian Investment Development Authority (Mida) said Malaysia has been ranked 27th place in the recent Global Opportunity Index (GOI) 2024 report by the Milken Institute.

The institute distinguished Malaysia as the leading nation among Asia’s emerging and developing countries in terms of overall investment conditions.

“Malaysia’s commendable global rank of 27, surpassing regional competitors like Thailand and China, marks a significant milestone in the nation’s economic development journey,” said Mida in a statement.

Surpassing its counterparts in all five five categories of the Global Opportunity Index, Malaysia offers a comparatively lower-risk investment landscape, setting it apart from other developing Asian markets, read the statement.

“Notably, the recent strategic working visit to Germany, led by the Prime Minister Datuk Seri Anwar Ibrahim, together with the Minister of Investment, Trade, and Industry Tengku Datuk Seri Zafrul Abdul Aziz, marked a significant milestone with prospective investments amounting to RM45.4 billion,” added Mida.

This venture, it said, coupled with a separate mission to Australia, resulted in commitments from Australian companies to invest RM24.5 billion.

Source: The Edge Malaysia