Mida: Strong interest in Malaysia

02 Aug 2016

Despite the global economic uncertainties, Malaysia has continued to attract strong interest with RM71.8bil investments recorded in the first seven months of this year.

Malaysian Investment Development Authority (MIDA) chief executive officer Datuk Azman Mahmud said the figure was from 262 projects in the pipeline involving new investments and expansions of existing ones in the manufacturing and services sectors.

“The investments are expected to be realised within the next one to two years,” Azman told reporters at the ground breaking ceremony of the RM30.6mil new plant for the Germany-based SEW Eurodrive at Frontier industrial park in Ulu Tiram near here.

The company is leader and pioneer in drive-based technology automation.

Source : The Star Online