The Malaysian Investment Development Authority (MIDA) and global banking subsidiary MUFG Bank (Malaysia) Berhad yesterday announced a ground-breaking partnership to accelerate high-value investments in Malaysia.
The MoU agreement focuses on attracting global investment in semiconductors, specialty chemicals, aerospace, pharmaceuticals, medical devices, electric vehicles, digital sectors, and green technology. This partnership marks a significant milestone in Malaysia’s journey towards becoming a leading innovation hub in Southeast Asia.
The collaboration comes at a crucial time for Malaysia’s economic transformation in light of the recent 13th Malaysia Plan announced last week.
The Chief Executive Officer of MIDA, Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, emphasised the partnership’s role in strengthening Malaysia-Japan economic ties.
“This strategic alliance will actively promote investment opportunities in high-value and competitive sectors by facilitating bilateral investments. By leveraging our extensive business networks and ecosystems, we seek to foster joint ventures and strategic partnerships between Malaysian and Japanese companies,” he said.
Meanwhile Motohide Okuda, CEO and Country Head of MUFG Malaysia said, “MUFG is honoured to mark this significant milestone with MIDA. This MoU reflects a shared vision to support Malaysia’s economic growth by leveraging on our global network to promote high quality inbound investments from our global and Japanese corporates and further contribute to the sustainable development and long-term success of Malaysia.”
-NIAGATIMES
