MIDA Invest Series Showcases Selangor’s Business Potential

25 Jul 2024

The Malaysian Investment Development Authority (MIDA) and Invest Selangor Bhd (ISB) have co-hosted the MIDA Invest Series – Selangor: “Unfolding Its Business Potential” to showcase Selangor’s investment landscape and opportunities.

MIDA chief executive officer Sikh Shamsul Ibrahim Sikh Abdul Majid said the event, which attracted 200 participants, reflected MIDA’s commitment to engage with local investors and explore the vast opportunities available within Selangor.

“This effort underscores MIDA’s pivotal role as a facilitator, connecting investors with promising opportunities and fostering a robust investment environment in Malaysia.

“Following the success of the first Invest Selangor series in August 2019, we are excited to witness the growth and expansion of this initiative in 2024,” he said at the event here today.

Sikh Shamsul Ibrahim said the collaboration with ISB is instrumental in broadening outreach and strengthening Selangor’s position as an investment magnet.

“This expansion signifies our unwavering commitment to elevating Selangor’s status and creating an even more attractive proposition for investors,” he added.

The event’s key highlight was the dynamic panel session, “The Future of Industrial Parks: Adapting to Emerging Trends and Challenges”.

This discussion dived into the transformative forces shaping the industrial development landscape, including sustainability and green technologies; digitalisation and smart manufacturing; and supply chain resilience.

Sikh Shamsul Ibrahim noted that MIDA, under the guidance of the Ministry of Investment, Trade and Industry (MITI), remains committed to creating wealth that benefits all Malaysians.

“Our efforts, combined with strategic partnerships with the Selangor state government, are aimed at positioning Malaysia and Selangor as a beacon of progress and prosperity on the global stage,” he said.

Source: Bernama