– Strengthening RFID Technology Manufacturing in Southeast Asia –

Seremban, Malaysia, 19 December 2024 – Xindeco IoT Malaysia Sdn. Bhd., a subsidiary of Chinese tech giant, Xiamen Xindeco IoT Technology Co., Ltd., yesterday, inaugurated its cutting-edge RFID (radio frequency identification) manufacturing facility in Nilai, Negeri Sembilan. The 30,000-square-feet plant stands as one of Southeast Asia’s largest RFID production hub, capable of producing one billion RFID tags annually. This strategic investment positions Malaysia as a key player in the global RFID technology landscape.

The cutting-edge facility, located in the Arab Malaysian Industrial Park, represents a significant milestone in Malaysia’s journey toward becoming a regional technology powerhouse. The plant combines advanced automation systems with precision manufacturing capabilities to produce both standard and customised RFID solutions. These solutions will serve various sectors including retail, healthcare, logistics, and supply chain management across the Asia-Pacific region.

The grand opening ceremony was attended by distinguished guests, including YB Tuan Teo Kok Seong, Exco of the Industrial Action Committee and Non-Islamic Affairs, Dato’ Haji Najmuddin Sharif bin Sarimon, Chief Executive Officer of Invest NS and Mr. Azizul Hakim Abu Haniffa, Director of MIDA Negeri Sembilan. Their presence underscores the importance of this investment to the nation’s economic and industrial landscape.

“This investment by Xindeco IoT clearly demonstrates the confidence global companies have in Malaysia’s technological capabilities and our skilled workforce,” said Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA. “This new RFID manufacturing facility strengthens Malaysia’s position in the global supply chain and creates high-value jobs for Malaysians. The facility aligns perfectly with our New Industrial Master Plan (NIMP) 2030, supporting our goal to become a regional technology leader. At MIDA, we’re committed to supporting Xindeco IoT’s growth in Malaysia and driving the country’s economic development forward.”

Ms. Abby Wu, General Manager of Xindeco IoT Malaysia, remarked, “This factory is a testament to our dedication to advancing RFID technology and supporting the industrial development of Malaysia. We are grateful for the support of the Malaysian Government, our partners, and employees who have made this vision a reality. Together, we look forward to shaping a future driven by innovation, sustainability, and growth.”

As Xindeco IoT continues to expand its presence in the ASEAN region, this facility will serve as a cornerstone for innovation, local job creation, and strengthened collaboration with stakeholders. The inauguration reaffirms Xindeco IoT’s long-term commitment to Malaysia as a critical part of its global operations.

**END**

About MIDA

The Malaysian Investment Development Authority (MIDA) is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI). MIDA oversees and drives investments into Malaysia’s manufacturing and services sectors. Headquartered in Kuala Lumpur Sentral, MIDA operates through 12 regional and 21 overseas offices, serving as a strategic partner to businesses in leveraging opportunities from the ongoing technological revolution. For more information, please visit www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, TikTok, and YouTube.

About Xindeco IoT Malaysia Sdn. Bhd.

Xindeco IoT Malaysia Sdn. Bhd. is a subsidiary of Xiamen Xindeco IoT Technology Co., Ltd., a global leader in RFID and IoT solutions. Established in March 2024, the company is located in Nilai, Negeri Sembilan. The facility spans 30,000 Sqft and with an annual production capacity of up to 1 billion RFID tags. As the Southeast Asia production and sales hub for Xindeco IoT, the company offers comprehensive RFID solutions, from standard tags to customized designs. Xindeco IoT Malaysia is committed to driving innovation and contributing to the advancement of RFID technology in the region. For more information, visit https://www.xindecoiot.com/index_en.html.

For more information, please contact:

MIDA
Mr. Mohd Mazlan Mokhtar
Director, Electrical and Electronics Division, MIDA
Email: [email protected]
Tel: +603-2267 6655

Xindeco IoT Malaysia Sdn. Bhd.
Ms. Abby Wu
General Manager
Email: [email protected]
Tel: +6012-8633852

Xindeco IoT Inaugurates State-of-the-Art RFID Manufacturing Plant in Malaysia

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

MIDA’s Commitment to Investors – A Stronger, More Unified Investment Landscape

Kementerian Pelaburan, Perdagangan dan Industri (MITI) ingin memaklumkan bahawa pelanjutan penangguhan pematuhan syarat penggajian guna tenaga 80:20 bagi sektor pembuatan akan terus berkuat kuasa sehingga mekanisme levi pelbagai peringkat (MTLM) dilaksanakan sepenuhnya. Ini memberikan kelonggaran kepada industri untuk menyesuaikan keperluan tenaga kerja mereka dengan lebih fleksibel, tanpa menjejaskan objektif kerajaan untuk mengurangkan kebergantungan kepada pekerja asing.

Kerajaan secara berterusan menggalakkan sektor pembuatan beralih kepada automasi dan teknologi selaras dengan aspirasi Malaysia MADANI dan Pelan Induk Perindustrian Baharu (NIMP 2030).

Semasa pembentangan Belanjawan 2025, YAB Perdana Menteri telah memaklumkan bahawa Kerajaan akan melaksanakan MTLM pada awal tahun 2025 untuk menggalakkan automasi dan mengurangkan kebergantungan kepada pekerja asing secara berperingkat. Bagi sektor pembuatan, MTLM bakal mengambil alih dasar 80:20 yang termaktub dalam syarat Lesen Pengilang. Kerajaan juga mengumumkan bahawa levi yang dikutip akan disalurkan semula kepada pihak industri untuk meningkatkan penggunaan teknologi serta automasi, meningkatkan produktiviti, mengurangkan kebergantungan pekerja asing yang sekali gus bakal menyumbang kepada peningkatan daya saing Malaysia di peringkat global.

Walau bagaimanapun, mengambil kira pelbagai faktor dan maklumbalas dari sektor-sektor industri, penangguhan pematuhan dasar 80:20 akan terus dilanjutkan sehingga MTLM dilaksanakan sepenuhnya.

Sementara itu, MITI akan terus memberi fokus kepada peningkatan kemahiran pekerja tempatan sebagai salah satu langkah utama untuk memastikan tenaga kerja tempatan dapat bersaing dalam ekonomi global yang semakin berteknologi tinggi. Peningkatan kemahiran ini bertujuan untuk menyediakan pekerja yang lebih berkemampuan dan dapat menyumbang kepada pendapatan bermaruah serta memacu pertumbuhan ekonomi yang mampan.

MITI juga akan terus berusaha untuk bekerjasama dengan pihak industri bagi memastikan sektor pembuatan dapat terus berkembang dengan lebih mampan dan menyumbang kepada pertumbuhan ekonomi negara.

KEMENTERIAN PELABURAN, PERDAGANGAN DAN INDUSTRI
16 DISEMBER 2024

Tentang MITI:
MITI adalah pemacu utama dalam menjadikan Malaysia sebagai destinasi pilihan bagi pelaburan berkualiti dan meningkatkan status negara ini sebagai sebuah negara perdagangan yang kompetitif di peringkat global. Objektif dan peranannya adalah berorientasikan ke arah memastikan pembangunan ekonomi yang pesat di Malaysia dan membantu mencapai matlamat yang dinyatakan di negara ini untuk menjadi sebuah negara maju.

Pelanjutan Penangguhan Pematuhan Syarat Penggajian Guna Tenaga 80:20 Bagi Sektor Pembuatan Dalam Lesen Pengilang

New manufacturing facility in Kedah to create 2,000 local jobs and serve global markets

KEDAH, 16 December 2024 – EVE Energy Malaysia Sdn. Bhd. (EVE), a global leader in lithium battery manufacturing, inaugurated its new manufacturing facility in Padang Meha, Kedah. The state-of-the-art facility will serve customers in the power tool and electric two-wheeler sectors across Southeast Asia, Europe, and North America. When fully operational, the facility will employ 2,000 Malaysians with majority in technical field background.

The launching ceremony brought together key government and business leaders, including Deputy Mayor of Huizhou Municipal Government, Ms. Li Junling, MIDA Chief Executive Officer (CEO), Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Kedah State Executive Council Member, YB Prof Dr. Haim Hilman Abdullah, and EVE Energy Co-founder and CEO, Mr. Liu Jianhua.

Datuk Sikh Shamsul Ibrahim bin Sikh Abdul Majid, Chief Executive Officer of Malaysian Investment Development Authority (MIDA) congratulated the company on its impressive milestone, stating, “We extend our congratulations on the significant breakthrough achieved in the construction of the Malaysian factory. In the face of the increasingly severe challenges posed by climate change, energy transition and low-carbon development will be at the core of future industries. The Malaysian government places great importance on this issue and is moving forward in partnership with EVE Energy Co., Ltd. Together, we are committed to promoting local economic growth and technological innovation while driving Malaysia’s energy transition and sustainable development.”

Vincent Wong, Senior Vice President of EVE Energy, introduced that the Malaysia plant had been completed in just 16 months since the groundbreaking in August 2023, marking significant progress in bringing equipment into the field. It is anticipated to commence operations in Q1 2025 and will serve as the first overseas factory to achieve mass production and delivery of EVE Energy.

Liu Jianhua, EVE Energy Co-founder and CEO, delivered a speech on behalf of the company, expressing sincere gratitude to government leaders and guest clients who have traveled a great distance to join the event. He stated, “China and Malaysia have been good neighbors and friends for thousands of years and are comprehensive strategic partners. The construction of EVE Energy’s Malaysian factory will further promote cooperation and exchange between China and Malaysia in the field of new energy.”

Liu Jianhua introduced that the Malaysian factory already possesses mature technical reserves and production capabilities. Once completed and operational, EVE Energy’s ability to “manufacture globally, deliver globally, and cooperate globally” will be significantly enhanced, better meeting the delivery and service demands of clients worldwide.

At the ceremony, EVE Energy Co., Ltd. signed strategic cooperation agreements with several companies such as Greenworks, Chervon, and JTI, marking a significant step forward in their partnership. These agreements aim to strengthen the collaborative ties and jointly work together with a a new chapter in their business alliance.

*** END ***

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 channel.

About EVE
Founded in 2001, EVE was first listed on Shenzhen GEM in 2009. After over 20 years of rapid development, EVE has become a globally competitive, full-scenario lithium battery platform company. (Stock Code: 300014)

We are dedicated to “Powering boundless potential through integrated battery solutions,” building a comprehensive research and development platform spanning from materials, cells, BMS to system integration, and forming five major business segments: consumer batteries, power batteries, energy storage batteries, industrial chain strategic collaboration and the CLS Global Cooperation Business Model. The products are widely applied in the fields of Smart Life, Green Transportation, Energy Transformation, and so on.

Facing a digitally driven sustainable future, we envision “Empower the world with EVE Energy” and rely on our capabilities in “Global Manufacturing, Global Cooperation, Global Service” to join hands with value chain partners to provide reliable support for ubiquitous energy demands.

Media Contacts

MIDA
Ms. Noor Suziyanti Saad
Director, Transportation Technology Division
T: +603-2267 3575
E: [email protected]

EVE Energy Malaysia
Mr. He Yingshen
General Manager of EVE Energy Malaysia Sdn Bhd
E: [email protected]

EVE Energy Malaysia Sdn. Bhd. Launches Advanced Battery Manufacturing Facility in Malaysia

New MYSite Selection Portal and Industrial Park Directory transform investment decision-making in Malaysia

Kuala Lumpur, 11 December 2024 – The Malaysian Investment Development Authority (MIDA) and the Federation of Malaysian Manufacturers (FMM) today unveiled the MYSite Selection Portal, a ground-breaking digital platform set to revolutionise industrial site selection in Malaysia. This launch represents a significant leap forward in Malaysia’s digital transformation journey. The MYSite Selection Portal combines advanced geospatial analytics with comprehensive industrial data, offering investors an unprecedented tool for location decision-making. Users can access real-time information about industrial parks across all Malaysian states, complete with infrastructure details, connectivity options, and sustainability metrics. In addition to the digital platform, MIDA and FMM also launched the Malaysia Industrial Park Directory, a comprehensive directory providing detailed information about industrial parks across Malaysia.

Speaking at the launch event, YB Liew Chin Tong, Deputy Minister of Investment, Trade and Industry (MITI), stated “Malaysia’s ambition is to build a resilient supply chain for various industries, including strategic sectors like semiconductors. The MYSite Selection Portal and Malaysia Industrial Park Directory will facilitate this journey by allowing investors to swiftly identify areas with the best suitability for their operations and tap into our robust and mature manufacturing ecosystem.”

The portal’s standout features include:

• Intelligent filtering systems for precise location matching
• Real-time analytics and data visualisation
• Comprehensive geospatial mapping
• User-friendly interface for seamless navigation

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA emphasised, “The MYSite Selection Portal and Malaysia Industrial Park Directory are not just tools—they are catalysts for smarter, faster and more efficient decision-making in our industrial sector. The digital platform features geospatial analysis and smart monitoring systems allowing businesses to make informed decisions on land use, infrastructure and investment—all with just a few clicks. This portal is a dynamic and adaptive one-stop platform designed to evolve with the needs of its users. From small businesses to multinational corporations, the portal ensures inclusivity and accessibility, unleashing the full potential of geospatial data to drive sustainable growth and strengthen Malaysia’s position as an investment hub.”

FMM President, Tan Sri Dato’ Soh Thian Lai, added, “The publication of the Malaysia Industrial Park Directory in collaboration with MIDA; now into its second edition will provide manufacturers a comprehensive guide for identifying optimal locations that align with their strategic needs, while also supporting the establishment of smart factories and other high-value investments. Additionally, it serves as a valuable tool for authorities to evaluate the quality of facilities and infrastructure in their regions. FMM remains dedicated to working alongside stakeholders to foster an environment where industrial parks can thrive, thereby strengthening Malaysia’s manufacturing ecosystem to attract more high value-added investments and driving Malaysia’s growth as a leading player in the global industrial sector.”

In the near future, the digital platform will include a pioneering Star Rating System for industrial parks, establishing quality benchmarks based on infrastructure, connectivity, and sustainability metrics and helping investors make informed decisions.

The MYSite Selection Portal is now live and accessible at https://mysite.mida.gov.my/

*** END ***

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.

About FMM

The Federation of Malaysian Manufacturers (FMM) has been the voice of the Malaysian manufacturing sector since 1968. Representing over 12,100-member companies (3,700 direct and 8,400 indirect) from the manufacturing supply chain, FMM is actively engaged with government and its key agencies at Federal, State and local levels. FMM is also well-linked with international organisations, Malaysian businesses and civil society. Apart from benefitting from FMM’s advocacy, FMM members enjoy value-add services, including training, business networking and trade opportunities as well as regular information updates.

For media enquiries:

MIDA
Sukri Abu Bakar
Director of Domestic Investment Division
Email: [email protected] | Tel: +603-2267 3685

FMM
Han Mong Ying
Senior Manager, Corporate Affairs
Email: [email protected] | Tel: +603-62867200

MIDA Drives Digital Transformation with Launch of Mysite Selection Portal

• Malaysia secured RM254.7 billion of approved investments across services (RM160.7 billion), manufacturing (RM88.8 billion), and primary sectors (RM5.2 billion) – a 10.7% rise from RM230.2 billionin the same period last year.
• An estimated 159,347 new jobs will be generated from 4,753 approved projects, reflectingyear-on-year growth of 75.9% in job creation and 20.7%, in project approvals.
• Domestic Investments (DI) accounted for 58.1% (RM148.0 billion) of total approvals, while Foreign Investments (FI) contributed 41.9% (RM106.7 billion).
• The services sector led with RM160.7 billion, comprising 63.1% of total approved investments, an increase of 31.4% from the same period last year.
• The manufacturing sector accounted for 34.9% (RM88.8 billion) of total approved investments.
• Selangor (RM66.8 billion), W.P. Kuala Lumpur (RM63.9 billion), Kedah (RM34.0 billion), Pulau Pinang (RM22.6 billion) and Johor (RM18.1 billion) were the top five (5) states by investment value.
• The National Investment Aspirations (NIA) sector contributed RM119.9 billion, representing 47.1% of total approved investments across various economic sectors.
• Notably, the top five (5) foreign investments came from Germany (RM30.9 billion), The People’s Republic of China (RM10.8 billion), The United States of America (RM8.4 billion), The Netherlands (RM4.9 billion) and Singapore (RM4.4 billion).*
• As at 18 November 2024, 84.3% of manufacturing projects approved since 2021 have been implemented.

Kuala Lumpur, 11 December 2024 – Malaysia approved RM254.7 billion of investments for the first nine months of 2024 (9M2024), marking a steady 10.7% increase from the previous year. The strong performance reflects Malaysia’s sustained economic momentum, propelled by the services, manufacturing, and primary sectors.

These numbers tell an encouraging story of progress. A total of 4,753 new projects have been approved during this period, set to create 159,347 new jobs for Malaysians. This strong performance underscores Malaysia’s enduring appeal to investors, despite the threat of global uncertainties.

*Note: The approved investments by MIDA encompass both the manufacturing and services sectors. Specifically, the services sector, which falls under MIDA’s purview, includes Global Establishments, Support Services, Hotel and Tourism Health Services and, Information and Communications.

Domestic Investments Lead Malaysia’s Growth with RM148.0 Billion

Domestic investments (DI) led the way in 9M2024, accounting for a significant 58.1% of the total approved investments, valued at RM148.0 billion. Domestic businesses have clearly stepped up, reflecting confidence in the Government’s clear policies, and these businesses’ commendable resilience, even in challenging times.

Foreign investors contributed RM106.7 billion, or 41.9% of total approved investments. This healthy ratio between robust domestic participation and strong foreign interest forms a solid foundation for Malaysia’s future economic growth and resilience.

Selangor (RM66.8 billion), W.P. Kuala Lumpur (RM63.9 billion), Kedah (RM34.0 billion), Pulau Pinang (RM22.6 billion), and Johor (RM18.1 billion), stood out as the top-performing states for approved investments.

The top five (5) foreign investments came from Germany (RM30.9 billion), The People’s Republic of China (RM10.8 billion), The United States of America (RM8.4 billion), The Netherlands (RM4.9 billion) and Singapore (RM4.4 billion).*

National Investment Aspirations Drive Transformative Growth

The National Investment Aspirations (NIA) sectors have become key catalysts for Malaysia’s economic transformation, securing RM119.9 billion across 882 high-impact projects. These strategic investments are expected to create 55,892 skilled jobs for Malaysians, reflecting a seamless alignment of investment strategies and national development priorities.

Of the total approved investments, RM97.8 billion or 38.4% falls under MITI and MIDA’s purview, encompassing 1,516 projects and 60,132 new job opportunities.

YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade and Industry (MITI), highlighted the significance of these achievements. “Malaysia’s commendable performance of securing RM254.7 billion in approved investments during the first nine months of 2024 is a testament to the unwavering confidence investors have in our economic policies and direction. This 10.7% year-on-year growth and the creation of over 159,000 jobs speak volumes of Malaysia’s strategic frameworks and our concerted efforts to attract high-impact investments for sustainable growth.”

“Clearly, Malaysia’s policy consistency and adaptability have encouraged investors to implement longer-term commitments, while equipping us with the capacity to navigate evolving global challenges effectively.  As we progress towards our goal of becoming one of the top 30 global economies by 2033, the MADANI Government is steadfast in its commitment to fostering an environment where both domestic and international investors can thrive. Our focus extends beyond achieving investment targets; we are laying the foundation for a sustainable and inclusive economy that will empower all Malaysians,” continued Tengku Zafrul.

*Note: The approved investments by MIDA encompass both the manufacturing and services sectors. Specifically, the services sector, which falls under MIDA’s purview, includes Global Establishments, Support Services, Hotel and Tourism Health Services and, Information and Communications.

Digital Economy Boost: ICT Investments Hit RM71.1 Billion in Malaysia

The services sector continues to drive Malaysia’s economic growth, showcasing resilience and attracting significant investments. From January to September 2024, the sector led approved investments, accounting for RM160.7 billion or 63.1% of the total approvals – a strong indication of its sustained appeal to investors. These investments are expected to create 100,914 new jobs.

Domestic investments (DI) were instrumental in this growth, contributing RM121.5 billion, or 75.6% of total approvals in the services sector. This underscores the strength and confidence of local businesses in the country’s economic landscape. Foreign investments (FI) contributed RM39.2 billion, representing 24.4% of the total, reflecting sustained international interest in the sector’s potential.

The top-performing sub-sector under the services sector are:

• Information and Communications (ICT) – RM71.1 billion
• Real Estate – RM48.8 billion
• Support Services – RM10.3 billion
• Distributive Trade – RM8.0 billion
• Utilities – RM6.8 billion

Notable Ventures in the Services Sector

The following two (2) significant projects highlight the sector’s diversity and commitment to sustainable growth:

• NUR Renewables Sdn. Bhd.: Based in Kulim, Kedah, the company invests RM250.0 million to build, own, and operate a large-scale solar farm, supplying renewable energy to the distribution licensee. This initiative supports Malaysia’s green energy goals and demonstrates the integration of advanced technologies in line with Industry 4.0 principles.

As part of NUR Power, Malaysia’s first Independent Power Utility (IPU), NUR Renewables contributes to meet the rising energy demand at the Kulim Hi-Tech Park (KHTP)—a hub for capital-intensive manufacturing and advanced technology. NUR Renewables continues to invest in its sustainable energy infrastructure, to align with the nation’s push for sustainability, high-value-added industrial growth, and innovation in energy-efficient solutions.

• Econas Resource To Energy Sdn. Bhd.: The Malaysian company is investing RM285.0 million in integrated scheduled waste management in Pengerang, Johor, proximate to Petronas RAPID. The resource recovery and disposal complex (RRDC) Phase 1 is completed, including oil recovery and a secure landfill, and by the third quarter of 2025, the Resource to Energy-Scheduled Waste (R2E-SW) Thermal treatment plant of 100 ton per day producing 3MWh of energy will commence construction. Upon completion, the facility will treat in excess of 100,000 tons of scheduled waste per year.

The facilities include a high back end ERP system for governance, compliance and an AI-driven data collection and monitoring system meeting the highest ESG and green standards.

These investments demonstrate Malaysia’s proactive approach to integrating green technology with economic development. By fostering such projects, the Government reinforces the services sector as an appealing destination for both local and international investors, paving the way for a sustainable and inclusive future.

Malaysia’s Manufacturing Sector Attracts RM88.8 Billion in Investments Over Nine Months

The manufacturing sector remains the cornerstone of Malaysia’s industrial growth, attracting RM88.8 billion in approved investments in the first nine months of 2024. Foreign Investments (FI) led the way, contributing RM66.9 billion (75.4%), while Domestic Investments (DI) accounted for RM21.9 billion or 24.6%.  This underscores the sector’s dual ability to attract substantial foreign capital while nurturing domestic entrepreneurship.

The approved investments span 800 projects, poised to generate about 58,017 job opportunities, with 81.2% (47,112 jobs) reserved for Malaysians.  Notably, 40.6% of these positions fall within management, professional, technical, supervisory, and skilled labour roles, indicating a focus on upskilling and reskilling the local workforce for high-value fields.

In alignment with the National Investment Aspirations (NIA), particularly the pillar focused on enhancing underserved areas, six states – Kedah, Kelantan, Perlis, Terengganu, Sabah, and Sarawak — attracted 81 manufacturing projects worth RM41.9 billion, marking a 39.6% year-over-year increase.  These projects are set to generate 8,933 new jobs, contributing to equitable regional growth.

The electrical and electronics (E&E) industry continues to dominate, securing RM47.0 billion in approved investment. The semiconductor subsector accounts for over 90% of E&E investments, aligning with the National Semiconductor Strategy‘s target of RM500 billion.

Other key industries contributing to the performance of the manufacturing sector include:

• Chemicals and Chemical Products: RM7.0 billion
• Transport Equipment: RM7.0 billion
• Machinery and Equipment: RM6.3 billion
• Non-Metallic Mineral Products: RM4.2 billion

Notable Projects in the Manufacturing Sector

Five (5) notable projects exemplify Malaysia’s appeal as a competitive hub for manufacturing investments:

• Siliconware Precision Malaysia Sdn. Bhd.: This Taiwan-based company is investing RM6.0 billion in the assembly and testing of integrated circuits, wafer bumping, and wafer sorting. To optimise production, SPIL will use Industry 4.0 technologies like automation and big data analytics. The company also plans to adopt a circular economy model aimed at eliminating waste and pollution and circulating products and materials at their highest value. In addition, SPIL will invest in wastewater treatment systems and air pollution control equipment to ensure the effective treatment of hazardous wastewater and waste gases.

• Plexus Manufacturing Sdn. Bhd.: Plexus is investing RM1.0 billion to build its sixth manufacturing facility in Penang. The facility will support the company’s Semiconductor Capital Equipment and Healthcare & Life Sciences operations aligning with the country’s New Industrial Master Plan 2030 to create 1,800 high-skilled jobs. Plexus also prioritises sustainability by supporting local communities through charitable initiatives, STEM education sponsorships, and collaborations. The company focuses on developing local talents and building a competitive local supply chain that meets international quality standards.

• Dominant Opto Technologies Sdn. Bhd.: With an investment of RM1.0 billion, the company is one of the leading automotive Surface Mount (SMT) Light Emitting Diodes (LED) manufacturers in the world.

• Deer Tiles Sdn. Bhd.: The company is investing RM171.0 million to manufacture high-quality ceramic wall and floor tiles.

• MKS Instruments Malaysia Sdn. Bhd.: A subsidiary of MKS Instruments Inc., is building a super centre factory in Penang to support global wafer fabrication equipment production, driven by a commitment to sustainability, advanced automation, and innovative technology solutions that enhance semiconductor manufacturing, industrial applications and, environmental impact reduction.

Primary Sector Reflects Positive Opportunities

The primary sector adds depth to Malaysia’s investment landscape, recording RM5.2 billion or 2.0% of the total approved investments, spanning across 44 projects. This sector focuses on mining (RM4.5 billion), agriculture (RM675.7 million) and, plantation and commodities (RM19.1 million). These approved projects will create 416 new jobs.

MIDA Pursues RM62.0 Billion in New High-Value Investment Projects

The drive to attract quality and sustainable investments into Malaysia continues to span across borders. To date, MITI and MIDA have conducted 15 high-level overseas missions, complemented by strategic working visits led by the Prime Minister, YAB Dato’ Seri Anwar Ibrahim.  These initiatives have created pathways for new investment opportunities worldwide.

The outlook remains promising. As of 7 November 2024, MIDA is actively pursuing 1,477 proposed projects worth RM62.0 billion, comprising 1,413 projects in the services sector (RM48.8 billion) and 64 projects in the manufacturing sector (RM13.2 billion). Additionally, MIDA is in discussions with prospective investors for high-potential leads valued at RM70.6 billion.

“For the first nine months of 2024, we have seen a remarkable value of approved investments, reflecting our strategic commitment to building a thriving, innovation-driven economy,” said Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA. “The continued growth in domestic investments highlights the strong confidence of local businesses in Malaysia’s robust investment ecosystem.”

The approved investments for 9M2024 align with Malaysia’s impressive Q3 GDP growth of 5.3%, driven by robust investment activities. MIDA emphasises that successful project implementation will enhance the country’s macroeconomic performance and create positive ripple effects for communities nationwide.

“As we approach the end of the year, MITI and MIDA’s priority remains focused on enhancing Malaysia’s competitiveness in an ever-evolving global market,” added Datuk Sikh Shamsul Ibrahim. “We are committed to ensuring these investments translate into tangible economic benefits, quality job opportunities, and long-term prosperity for all Malaysians.”

Malaysia Achieves 84.3% Success Rate in Manufacturing Project Implementation

Malaysia’s manufacturing sector continues to demonstrate remarkable efficiency in project execution. Since 2021, the National Committee on Investment (NCI) has approved 3,186 manufacturing projects of which an impressive 2,687 projects are now operational or under construction, reflecting an implementation success rate of 84.3%.

The sector’s implementation pipeline remains strong. An additional 13.4% of projects are in active planning stages, including site selection, developer consultations, and preparation for construction. Only 2.3% of projects are in the preliminary stages, highlighting Malaysia’s proactive approach to expediting project timelines.

Two (2) key initiatives have driven this success: Invest Malaysia Facilitation Centre (IMFC) and TRACK by MIDA. These initiatives have streamlined project implementation, as evidenced by over 90% of projects approved in 2021 and 2022 now being fully implemented.

Recent approvals also show impressive momentum. Of the projects approved in 2023, 86.5% are already operational, while 63.3% of projects approved in 9M2024 have begun implementation. This pace significantly outperforms industry norms, where manufacturing projects typically take 18 to 24 months to reach completion.

These achievements are even more notable considering the complexities involved in manufacturing projects, including extended construction timelines and the installation of specialised equipment.  Malaysia’s strategic support systems have enabled investors to navigate these challenges effectively, setting new benchmarks for implementation success.

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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 channel.

For media enquiries please contact:

Ms. Fatmah Ahmad
Director of Corporate Communications Division
Malaysian Investment Development Authority (MIDA)
Email: [email protected] | DL: +603-2267 2428

Steady Growth Momentum As Approved Investments Reach RM254.7 Billion, Up 10.7% Year-On-Year, Generating Over 159,000 New Jobs In 9M2024

40 Malaysian vendors gain exclusive access to global automotive giant’s technology and expertise

Kuala Lumpur; Wuhu, China – 9 December 2024 – The Malaysian Investment Development Authority (MIDA) and Chery Corporate Malaysia Sdn. Bhd., have successfully organised a premier supply chain programme in Wuhu, China supported by the Ministry of Investment, Trade and Industry (MITI) and the Malaysia Automotive Robotics & IoT Institute (MARii) from 2-5 December 2024. The four-day initiative connects Malaysian automotive vendors directly with Chery’s global technology hub. This landmark programme marks Malaysia’s biggest step yet towards becoming a major player in the global automotive supply chain.

The programme brought together more than 100 industry leaders, including 40 Malaysian vendors as well as official representatives from MITI and MARii were also in participation. Participants received access to Chery’s advanced manufacturing facilities and technical expertise.

MIDA CEO Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid emphasised the programme’s significance. “Malaysia’s automotive industry stands at a transformative moment. The programme establishes a structured pathway for our vendors to access advanced technology and global markets, particularly in the crucial areas of next-generation vehicles and sustainable manufacturing. This represents a transformative opportunity for Malaysia’s automotive ecosystem.”

He added, “The collaboration demonstrates MIDA’s commitment to fostering high-value partnerships that advance our national economic agenda. We are focused on positioning Malaysia as a key hub in the global automotive supply chain, and this partnership with Chery exemplifies the calibre of investment relationships we aim to cultivate.”

Echoing these sentiments, Leo Chen, Executive Vice President of Chery Corporate Malaysia highlighted, “Our collaboration with MIDA highlights Chery’s dedication to building a strong and inclusive supply chain. We are eager to partner with Malaysian vendors to drive innovation and sustainability in the automotive industry, while also contributing to Malaysia’s economic growth.”

“At Chery, we are committed to investing in people and partnerships. By inviting Malaysian vendors to Wuhu, we provide them with the opportunity to understand and adopt our global standards, enabling them to become integral contributors to Chery’s international success. This is more than just a collaboration, it is a shared journey of growth, innovation, and mutual achievement,” he said.

The four-day event featured:
• Exclusive tours of Chery’s state-of-the-art manufacturing facilities
• One-on-one business matching sessions with Chery executives
• Technical workshops on next-generation vehicle technology
• Networking opportunities with global industry leaders

This inaugural event themed Chery Premier Supply Chain Programme aligns with the objectives outlined in Malaysia’s National Automotive Policy (NAP) by promoting local vendor development, supporting next-generation vehicles (NxGV), and incorporating Industry 4.0 practices. It also reflects Malaysia’s commitment to addressing the rising demand for electrification and smart mobility solutions.

***The End***

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 channel.

About Chery Malaysia

Chery Malaysia is part of Chery Automobile Co., Ltd., a subsidiary of Chery Group, a leading Chinese automobile manufacturer headquartered in Wuhu, China. Established in 1997, Chery has been a key player in the automotive industry, renowned for its diverse lineup of passenger cars, SUVs, and electric vehicles. Chery has earned a prominent position in both domestic and international markets, exporting vehicles to over 80 countries worldwide, including Malaysia. For 21 consecutive years, Chery has been the No.1 brand in China for vehicle exports. For more information, visit www.chery.my

For more information, please contact:

MIDA
Ms. Noor Suziyanti Saad
Director, Transportation Technology Division, MIDA
Email: [email protected]
DL: +603-2267 3575

CHERY MALAYSIA
Ms. Christina Low
PR & Communications, CHERY
Email: [email protected]

MIDA and Chery Automotive Supply Chain Programme Driving Benefits for Malaysian Vendors in China