• Malaysia’s Economic Corridors
• Investing in Circular Bioeconomy
• Digital Investment Office (DIO)
• Project Implementation and Facilitation Office (TRACK)
• Invest Malaysia Facilitation Centre (IMFC)
• Technology Adoption
• Talent Facilitation

Discover Unlimited Potential in Malaysia’s Economic Corridors! Partner with MIDA to unlock regional growth through strategic projects and cutting-edge infrastructure development. Enhance your business success in a thriving socio-economic landscape and seize endless investment opportunities across Malaysia’s vibrant economic corridors.

A circular bioeconomy aims to restore and sustainably manage biological systems to produce food, energy, ecosystem services, and bio-based solutions to decarbonise the economy while generating jobs and prosperity. Biodiversity is crucial for life to adapt and evolve in a changing environment – and a bioeconomy is an economy that ultimately relies on life and its diversity. The circular bioeconomy is an opportunity to holistically rethink our land, food, and energy systems while simultaneously transforming key industrial sectors and their value chains to become circular and carbon neutral.

In 2005, Malaysia launched the National Biotechnology Policy (NBP) being the first country in Southeast Asia and second in Asia with a national bioeconomy initiative. With its abundant availability of biomass and as more companies are adopting ESG in their ethos, Malaysia is the preferred location for bio-based ventures. MIDA’s Circular Bioeconomy Unit (CBE) aims to guide companies both local and international toward realising their investment opportunity in Malaysia for a sustainable economic global growth.

We are ever ready to engage and assist you in your business ventures in Malaysia.

The National Council of Digital Economy and Fourth Industrial Revolution (MED4IR) has endorsed the establishment of the Digital Investment Office (DIO) on 22 April 2021, entrusted to charge towards facilitating digital investments in Malaysia, in line with the Government’s aim to attract RM130 billion investments in digitalisation by 2025.

The DIO is a fully-digital collaborative platform between MIDA and the Malaysia Digital Economy Corporation (MDEC) to coordinate and facilitate all digital investments into Malaysia with optimised solutions to ease investors’ journey in setting up operations in Malaysia. This collaborative effort between MIDA and MDEC will cater to the rapidly growing digital industries’ needs to anchor global technology leaders, build local champions, and nurture future-ready talent in Malaysia.

TRACK streamline the entire process of approved projects by the National Committee of Investment (NCI), taking them from the initial green light to full implementation. By embracing a digitalised system, TRACK empowers companies with a seamless tracking experience, allowing them to stay updated on the status of their projects with ease.

Invest Malaysia Facilitation Centre (IMFC) establishment is an enhancement to the existing advisory service center at MIDA, with the primary objective of expediting the process of various approvals. Aligned with the MADANI’s economic aspirations, IMFC provides advisory services and guidance to the business community and investors, hence reducing bureaucracy in public service delivery. IMFC officially commenced its operation effectively 1^st December 2023.

IMFC assumes an important role in facilitating and expedite the affairs of the business community and investors’ journey in the manufacturing and selected services sectors, at both federal and state government levels.

IMFC is represented by key Ministries/Agencies as follows: –

• Ministry of Foreign Affairs
• Ministry of Transport
• Inland Revenue Board of Malaysia
• Immigration Department of Malaysia
• Royal Malaysian Customs Department
• Malaysian Communications and Multimedia Commission
• Department of Labour Peninsular Malaysia
• Tenaga Nasional Berhad
• Telekom Malaysia Berhad
• Social Security Organisation (PERKESO)

For enquiries, please contact IMFC representatives at the link https://www.mida.gov.my/contact-us/ or contact the Post-Investment Division, MIDA.

Post-Investment Division
Malaysian Investment Development Authority (MIDA)
Level 20, MIDA Sentral
No. 5, Jalan Stesen Sentral 5
Kuala Lumpur Sentral
50470 Kuala Lumpur
Tel: 03-2267 3473
Fax: 03-2273 3872
Email: [email protected] / [email protected]

In the era of the Fourth Industrial Revolution (4IR), the horizon is dominated by technological advancements; impacting our lives, workplace dynamics, and leisure.

The National Policy on Industry 4.0 (Industry4WRD) is Malaysia’s response to the Fourth Industrial Revolution, signifying the Government’s resolute dedication in embracing this era of technological convergence. This collaborative initiative between the Government, industry, and academia aims to bolster productivity, drive job creation, and cultivate high-skilled talents in the manufacturing sector.

The New Industrial Master Plan 2030 (NIMP 2030) was launched on 1 September 2023 is one of the main policies to drive and transform the national investment landscape. The mission-based master plan has outlined several strategies and key actions related to the technology adoption under Mission 1: Advance Economic Complexity and Mission 2: Tech Up for Vibrant Nation to encourage technology adoption among industry players. The NIMP aims to transform 3,000 smart factories through enhancement of Industry4WRD programme.

To ensure long-term resilience, innovation and R&D-driven growth models are of utmost priority. Alongside research, development, commercialisation, and innovation (R&D&C&I) efforts, there is a strong emphasis on the adoption of smart technologies to enhance operational efficiency to thrive in an ever-evolving landscape.

MIDA is your key strategic implementation partner to reach your business goals in the adoption of these technologies.

We encouraged businesses to conduct internal R&D initiatives, collaborate with approved R&D firms or form strategic partnerships with public and private research institutes in Malaysia. We also encourage businesses to adopt automation and digitalisation through various incentives and facilitation provided by the Government.

MIDA continues to be a networking conduit in linking companies with global and local technology solution providers to facilitate and support industry players on their digitalisation path. We play a pivotal role in steering Malaysia towards its next transformative phase.

Prospective investors are encouraged to take advantage of MIDA’s facilities, grants and incentives and upscale your business today.

Talent is a key enabler for company to drive the industry as they are valuable asset for the country. With a rapid evolution of industrial landscape caused by various factors, the demand for skilled and knowledgeable talent has become a priority for business competitiveness and survival.

The Malaysian Investment Development Authority (MIDA), as the government’s principal investment promotion agency under the Ministry of Investment, Trade, and Industry (MITI), recognizes the importance of developing a future ready talent pool to meet the needs of the industries.

Triple Helix Program

The Triple Helix Programme has been adopted to focus on creating a collaborative ecosystem where academia, industry, and government work hand in hand to develop the skills and knowledge required for the country’s economic growth and competitiveness.

MIDA has implemented talent development program aimed at reducing the skills gap and addressing unemployment among Malaysians, including unemployed graduates and retrenched workers.

To connect industries with academia and develop essential skills, MIDA actively engages with various stakeholders through various initiatives such as Academia and Industry collaboration to address talent issues, Internship Facilitation to provide practical placements for university students, Career Fairs and Career Talks to facilitate direct human capital supply for industries, and the Global Talent Outreach program to reach Malaysian students abroad to meet domestic industry needs.

Leveraging on the MoU signed between MIDA and MOHE, MIDA also initiated talent development among the relevant stakeholders focuses on identifying the specific needs of different industries .The goal is to ensure a continuous supply of highly skilled professionals for the country. Eg. collaborative initiative with the involvement of relevant ministries, agencies and universities such as MOHE, MIDA, MPC (EEPN), MIMOS and industry players has develop a long-term talent solution program in the field of embedded software to ensure that the talent produced is equipped with the current and latest skills and knowledge required by companies.

 
Special Task Force- Talent facilitation
 

To strengthen MIDA’s efforts in facilitating industries, MIDA has taken a strategic and structured approach by forming a Special Task Force – Talent Facilitation (STF-TF). The taskforce comprised of 17 ministries and agencies including universities / training institutions related to talent supply. This task force aimed to fulfill industry needs and also providing opportunities for industry-academia collaboration in the talent related development. Among the stakeholders are Ministry of Higher Education (MARA), Ministry of Education (MOE), Perkeso, Majlis Amanah Rakyat (MARA).

MIDA will always support and cooperate with other ministries, related agencies, educational institutions, and industry players in implementing initiatives that drive the skills needed by local talent. Continuous efforts such as dialogues between relevant ministries, agencies, and industry players, as well as one-on-one facilitation with companies, are also undertaken to ensure the development of the right skills among local talents.

MIDA has been spearheading initiatives to connect local companies and SMEs with multinational companies (MNCs) and large local corporations (LLCs) through many platforms including Supply Chain conferences and other networking events.

Acknowledging the potential of domestic businesses in propelling national economic growth, MIDA actively promotes the expansion of local companies’ market reach and the adoption of best practices as integral contributors to the global supply chain. MIDA facilitates companies interested in the following activities:

1. Local sourcing activities
   • Leveraging the existence of MNCs/ LLCs in strengthening the supply chain and creating greater spillover benefits.
   • Creating opportunities for domestic companies and mitigate gaps in the supply chain.
   • Developing and upgrading existing local vendors through Vendor Development Programmes in collaboration with MNCs/ LLCs as an anchor company.
2. Local engineering support
   • Leveraging on Malaysia’s strong engineering support industry (ESI). Our ESI encompasses companies carrying out a wide range of activities including mould and die, machining, metal stamping, metal casts, surface engineering, heat treatment and forging. It is a vital industry to be developed due to its linkages to various economic sectors.

MIDA supports local companies, particularly the small and medium enterprise (SMEs) in accessing additional sources of funds, particularly by bridging potential financial and technology gaps. MIDA works closely with local regulators, technology providers, financial institutions as well as equity and corporate advisory firms to facilitate the financial needs of local companies.

Funding options that are available include the economic stimulus packages announced under Budget 2021 including PENJANA, PRIHATIN, PRIHATIN SME PLUS and KITA PRIHATIN. Under PENJANA, the Smart Automation Grant (SAG) was introduced to assist and facilitate SMEs and Mid-Tier Companies (MTCs) to digitalise operations trade channels as well as to enhance their competitiveness at an international level.

The Cross Border Investment (CBI) Division facilitates Malaysian companies in seeking technology and investment opportunities abroad by expanding or setting up their operations overseas and tapping into new investment opportunities. Whether it’s expanding current operations or planting roots in new grounds, the Division is all about opening doors to fresh investment landscapes.

What’s more, MIDA, through the CBI Division teams up with Singapore to steer the Malaysia – Singapore Third Country Business Development Fund (MSBDF). This collaboration involves engaging in Joint Trade Missions, conducting Joint Feasibility Studies, and launching Joint Pilots.