MIDA’s Commitment to Investors – A Stronger, More Unified Investment Landscape
Kuala Lumpur, 18 December 2024 – In an unprecedented display of economic unity, the Malaysian Investment Development Authority (MIDA) hosted a landmark gathering of the nation’s most influential investment ecosystem partners at The Majestic Hotel. The exclusive event, marking Chief Executive Officer (CEO) Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid’s first major convening since his April appointment, brought together an elite coalition of government agencies, state bodies, economic corridors, diplomatic missions, financial institutions, strategic partners and consulting powerhouses.
The event showcased MIDA’s evolution into a dynamic investment facilitator, positioning itself as a strategic ally for investors navigating Malaysia’s diverse economic landscape. Distinguished attendees engaged in discussions about transformative investment opportunities, sustainable development initiatives, and innovative approaches to economic growth.
“Malaysia’s success is a team effort,” said Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA. “It’s about partnerships, creating jobs, and building a legacy of growth that benefits everyone – Malaysians and investors. MIDA is committed to supporting investors every step of the way, acting as their biggest supporter, trouble-shooter, and sounding board.”
The evening revealed impressive figures that underscore Malaysia’s growing economic momentum. Investment approvals have soared to RM254.7 billion in the first nine months of 2024, marking a robust 10.7% year-on-year increase. This surge in investment is projected to create more than 159,000 high-value job opportunities across various sectors, significantly boosting the nation’s employment landscape.
“Our vision extends beyond traditional investment attraction,” emphasised Datuk Sikh Shamsul Ibrahim. “We’re cultivating an ecosystem where high-impact, future-ready investments can thrive. This requires the synchronised efforts of every partner present here tonight.”
Looking ahead, MIDA unveiled its strategic focus on attracting investments that align with Malaysia’s New Industrial Master Plan (NIMP) 2030 and sustainable development goals. Under this transformative blueprint, MIDA will prioritise investments in advanced technology sectors, digital transformation, and sustainable industries. The authority reaffirmed its commitment to facilitating high-impact investments that create substantial economic multiplier effects, drive innovation, high paying jobs for locals and advance technological capabilities across local supply chains.
The high-level networking dinner concluded with a clear message – Malaysia’s investment ecosystem is more unified and dynamic than ever.
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About MIDA
MIDA is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, TikTok and YouTube channels.
For media enquiries:
MIDA
Mr. Sukri Abu Bakar
Director, Domestic Investment Division
Email: [email protected]
Tel.: +603- 2267 3685
