On 19 September 2024, MIDA and the Malaysian Institute of Economic Research (MIER) solidified a strategic partnership aimed at strengthening Malaysia’s economic and investment environment. The partnership, formalised through a Memorandum of Agreement (MOA), was signed by Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, and Dr. Anthony Dass, Executive Director of MIER.

This landmark collaboration merges MIDA’s expertise in investment facilitation with MIER’s economic research to enhance Malaysia’s global competitiveness. The partnership aligns with Malaysia’s New Industrial Master Plan (NIMP) 2030, aiming to attract and retain both domestic and foreign investments through data-driven insights.

A key initiative under this agreement is the launch of the MIDA-MIER Monthly Business Conditions Survey Report, which provides timely insights into the manufacturing sector. Together with MIER’s Monthly Economic Review, these reports will guide strategic investment decisions and foster sustainable economic growth.

This partnership is set to play a critical role in positioning Malaysia as a premier investment destination amid global economic challenges.