The Malaysian Investment Development Authority (MIDA) has identified 240 high-profile foreign investment projects in the manufacturing and services sectors with a combined potential investment value of RM81.9bil.
MIDA said the government was drawing up a national investment strategy to attract high-quality investments that can meaningfully enhance Malaysia’s productive capacity, create high-skilled jobs, promote technology transfer and foster domestic linkages.
Malaysia was ranked fourth amongst 17 economies, according to a recent joint study by KPMG and the Manufacturing Institute in the United States entitled “Cost of Manufacturing Operations around the Globe”. “The study validates Malaysia’s aspirations to become a global supply chain hub in the region. Further, MNCs are using Malaysia as a hub for treasury management services as well as a myriad of activities of related services, ” MIDA said.
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