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A Land of Opportunities Seeking brighter horizons? Malaysia provides a cost-effective, sustainable, and welcoming environment for your business to prosper. Start your investment journey in Malaysia today.
>Why Malaysia>A Land of Opportunities
Invest in Malaysia
Business Ready
Environment
Future Forward
Economy
Dynamic Skilled
Workforce
Great Place for
Work and Life

Welcome to Malaysia, Where Thriving Opportunities Abound

Malaysia lies just above the equator, right in the heart of South-East Asia. Strategically located between the Indian Ocean and the South China Sea, Malaysia is well serviced by all primary air and shipping lines. Malaysiaโ€™s strong and sustainable economic foundation, its business-ready environment, forward-looking focus, and dynamic workforce have made it an attractive, cost-competitive investment location in the region. It is quickly becoming a preferred centre for shared services and leading technology industries.

330,000 km2
(127,000 m2)
500 industrial estates

Population
33.4 million (2023e)

Ringgit Malaysia (RM) which
is divided into 100 sen.

Business English is widely used.
The multilingual population is
fluent in Malay, English, Mandarin,
Hindi and Tamil.

Parliamentary democracy
constitutional monarch

Tropical-warm and sunny throughout
the year. Daily temperatures range
from 33ยฐC (90F) during the day to 22ยฐC in the late evening

A country with 13 states and
3 federal territories

Freedom of religion guaranteed by
the Constitution. Islam, Buddhism,
Christianity and Hinduism widely
practised.

Solid Economic Foundation

Malaysia has a well-diversified economy and export structure, a supportive labour market, a track record of low and stable inflation, a robust and well-capitalized financial sector, and a positive net cash flow.

Malaysia Key Economic Indicators (2023):

USD259 billion

(RM1,162 billion)
Gross Domestic Product (GDP)
USD252 billion (2022)

3.9%

Real GDP Growth (%)
9.3% (2022)

USD11,819

(RM54,015)
GNI per capita at current prices
USD11,746 (2022)

2.5%

Inflation (%)
3.3% (2022)

3.86%

Unemployment rate
3.8~4.0% (2022)

USD113.5 billion

International Reserves
USD114.6 billion (2022)

Malaysiaโ€™s climb to 27th place in the IMD World Competitiveness Ranking 2023 reflects its economic recovery, investment growth, and stable employment market. While there are challenges to address, Malaysia offers thriving opportunities for investment with its focus on talent development, digital innovation, regulatory reforms, and sustainable development.

-Richard Record, Lead Economist, Macroeconomics, Trade and Investments Global Practice, World Bank (2023)

Ideally Situated

Malaysia is well-positioned in one of the fastest-growing economic regions in the world. The South-East Asia region has recorded average GDP growth of 5.3% per annum over the last 20 years.

Heart of South-East Asia


The average ASEAN GDP growth is expected to expand by 5.2% in 2022 and 5.3% in 2023

(Asian Development Outlook, 2022)


Centre of South-East Asia

Centre of South-East Asia โ€“ Market access of over 660 million people with combined GDP of US$3.3 trillion (ASEAN Stats, 2022)


Well-connected to major ports in Asia

Reaching Mumbai, India within 6 hours and reaching Beijing, China within 9 hours


Next to one of the worldโ€™s busiest shipping lanes

Straits of Malacca provides access to global supply chains via 2 key ports.

Gateway to ASEAN and Beyond

Malaysia is a market-oriented economy with 16 Free Trade Agreements

Creating potential market size of 4 billion people

Lower cost of doing business

Almost 99% of products in ASEAN have zero tariffs

Attract 31% of Global FDI 

Global market size is estimated to attract 31% of Global FDI

Worldโ€™s 3rd Largest Workforce

ASEAN has the worldโ€™s third largest labour force and a growing middle class โ€“ a powerful engine for long term growth

Largest FDI inflow of any emerging market region 

Continues to be an engine of growth for FDI in Asia and globally (UNCTADโ€™s 2021 Investment Trends Monitor)

Diversified Economy

Once reliant on agriculture and primary commodities, our economy has transformed into an export-driven and diversified economy, fuelled by high technology, innovation as well as knowledge-based and capital-intensive industries.

 

Our mature and integrated ecosystems have nurtured a strong local supply chain that supports the long-term growth of businesses.

Malaysiaโ€™s manufacturing sector plays an important role in the global supply chain while domestic activities are well represented by the services sector, which has gained greater prominence in the past two decades. We continue to be an attractive location for businesses across various industries. Malaysiaโ€™s diversified sectors offer abundant opportunities for investors expanding into alternative markets.

 

Source: Malaysia: Investment Performance Report, 2024

 

Visit link to learn more on Malaysiaโ€™s Investment Performance

Extensive Trade Links, Lower Cost of Doing Business

Malaysia has already signed and implemented various free trade agreements (FTA), which include bilateral FTAs with Japan, Pakistan, India, New Zealand, Chile, Australia and Turkey. On the ASEAN level, Malaysia has regional FTAs through the ASEAN Free Trade Agreement (AFTA) with China, Korea, Japan, Australia, New Zealand and India. 

This creates a potential market size of more than 4 billion people globally. Up to 99% of total products have 0% import duties under Malaysiaโ€™s FTAs with ASEAN.

Reduced trade barriers drive down business costs, granting companies preferential access to seize growth opportunities in one of the worldโ€™s largest trading blocs.

Expanding Horizons Through RCEP

Malaysia is one of the twelve (12) signatory nations of the Regional Comprehensive Economic Partnership (RCEP), the worldโ€™s largest free trade agreement โ€“ representing 30% of the global population and 30% of global GDP and is expected to rise up to 50% by 2030. This agreement is set to foster cooperation, drive economic recovery, and create a liberal and competitive investment environment. With RCEPโ€™s member countries among Malaysiaโ€™s top trading partners, it promises enhanced investment facilitation and investor aftercare, amplifying opportunities for growth.

 

RCEP seeks to create a mutually beneficial economic partnership as it aims to boost trade, investment, connectivity, and regional economic integration, driving the regionโ€™s recovery.

Broadening Market Access with CPTPP

In addition to RCEP, Malaysia is also one of the 11 signatory nations of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). In this holistic free trade agreement (FTA), Malaysia collaborates with countries representing 13.4% of the global GDP. The CPTPP will place Malaysia in a strategic position and elevate the countryโ€™s competitiveness in the global arena by broadening its access to new markets such as Canada, Mexico, and Peru, which are not covered by any existing FTA.

 

Under the CPTPP, almost 100% of Malaysian exports to all CPTPP countries would enjoy duty-free treatment by 2033.

Malaysia's Global Standing

Take a look at how Malaysia stacks up against global competition.

 

Malaysia is one of the fastest growing nation in the region. Ranked among the top emerging markets for investment and recognised for its protection of investors as well as its responsiveness to facilitating business needs, Malaysia is the offshore base from which your company can prosper.

2nd

Top country in emerging Southeast Asia for foreign investment

(Global Opportunity Index 2023, Milken Institute)

2nd

Most competitive country in ASEAN

(IMD World Competitiveness Yearbook 2023)

2nd

Most innovative upper middle income economy in the world

(Global Innovation Index 2023, WIPO)

4th

Most Competitive Emerging Market

(Agility Emerging Markets Logistics Index 2023)

8th

Global Talent Competitiveness Index in Eastern, Southeastern Asia and Oceania

(The Global Talent Competitiveness Index 2023)

9th

Top city in Asia Pacific Region, Kuala Lumpur

(Global Technology Industry Survey 2021, KPMG)

13th

On infection management, vaccine rollouts and social mobility

(Nikkei COVID-19 Recovery Index 2021)

15th

Top 20 Asia Fintech Hubs

(Asia Pacific Fintech Rankings Report 2022)

27th

Most competitive country in the world

(World Competitiveness Yearbook 2023, IMD)

Business Ready Environment

Starting and expanding your business in Malaysia is a straightforward process. Malaysiaโ€™s robust financial and banking sectors, pro-business policies, well-developed infrastructure, and government support makes it easy to do business here.

Perfectly positioned as a central hub for worldwide trade routes, Malaysia offers a top-tier air transport infrastructure. Complemented by our strategic coastal ports, which serve as an accessible maritime link vital for global commerce, Malaysia facilitates seamless business operations and enhances investment prospects across continents. Additionally, Malaysia provides a selection of secure trade corridors and industrial zones, enabling uninterrupted supply chains and business activities.

Malaysia maintains pro-business policies that are both sensible and practical, fostering a secure and conducive environment for your business to prosper. These policies encompass flexible incentives, strong intellectual property protection laws in line with global standards, and the freedom to have 100% equity ownership in manufacturing and select service sectors.

Malaysia's Global Standing

Take a look at how Malaysia stacks up against the global competition.

Our efforts in attracting investments and driving productivity and innovation through economic and regulatory reforms have received worldwide recognition by various international institutions.

 

2nd

Top country in emerging Southeast Asia for foreign investment

(Global Opportunity Index 2023, Milken Institute)
2nd

Most competitive country in ASEAN

(IMD World Competitiveness Yearbook 2023)
2nd

Most innovative upper middle income economy in the world

(Global Innovation Index 2023, WIPO)
4th

Most Competitive Emerging Market

(Agility Emerging Markets Logistics Index 2023)

Progressive Infrastructure, Excellent Connectivity

Developed
Industrial Parks
High-Tech
Telecommunication
Network of
Highways
Network of
Railways
Efficient
Seaports
International
Airports

Malaysia is committed to continuously developing and upgrading its infrastructure. This has resulted in over 500 dedicated industrial parks, specialised industrial parks and free industrial zones, expanding telecommunication technologies, growing network of highways, efficient seaports and well-recognised international airports.
 

500+

Malaysia has over 500
industrial parks

22

Malaysia has 22
Free Industrial Zones (FIZS)

 

 

Malaysiaโ€™s top-tier infrastructure and business-friendly environment make it an attractive destination for investors across various industries. The country boasts over 500 industrial parks catering to sectors such as small-scale industries, halal products, biotechnology, eco-parks, and high-tech industries. These parks are designed to offer essential amenities, including easy access to major towns, reliable electricity and water, high-speed broadband up to 1Gbps, gas pipelines, storage facilities, and robust security. Ready-built facilities and โ€˜plug and playโ€™ zones reduce start-up costs, making it easier for companies to quickly begin operations. Additionally, companies located in Free Industrial Zones (FIZs) benefit from duty-free imports of raw materials, components, parts, machinery, and equipment required for manufacturing. In areas without FIZs, companies can apply to establish Licensed Manufacturing Warehouses (LMWs) to enjoy similar advantages.

Complementing this infrastructure are Malaysiaโ€™s five key economic regions, which play a vital role in driving regional growth and socio-economic progress. The Northern Corridor Economic Region (NCER), covering Perlis, Kedah, Pulau Pinang, and Perak, focuses on high-value-added projects to encourage private investment. The East Coast Economic Region (ECER), spanning Kelantan, Terengganu, Pahang, and parts of Johor, promotes human capital development and works to bridge the rural-urban divide. In the south, Iskandar Malaysia acts as a flagship initiative to attract investment and boost growth in Johor. The Sarawak Corridor of Renewable Energy (SCORE) promotes sustainable development in central Sarawak through renewable energy initiatives, while the Sabah Development Corridor (SDC) supports economic upliftment in Sabah. Together, these regions, supported by excellent infrastructure and strategic incentives, form a dynamic network that drives Malaysiaโ€™s overall growth and competitiveness.

Liberal Equity Policy

Malaysiaโ€™s liberal equity policy enables your businesses to establish a strong presence and gain a competitive edge. Since June 2003, foreign investors have been allowed 100% equity ownership in new, expansion, and diversification projects within the manufacturing sector and specific services sector. The liberalised services sub-sectors encompass health and social services, tourism services, transport services, business services, and computer-related services.

Intellectual Property (IP) Protection

Malaysiaโ€™s IP laws are in conformance with international standards

  • Member of the World Intellectual Property Protection
    Organisation (WIPO)
  • Signatory of the Paris Convention and Berne Convention
    which govern IP rights
  • Signatory of the Agreement on Trade-Related Aspects of IP
    Rights (TRIP 8) under the WTO

Malaysia has signed Investment Guarantee Agreements (IGAs) with more than 60 countries.

Malaysia's IP Protection Safeguards
Innovation

Our robust Intellectual Property (IP) protection attracts the worldโ€™s most innovative companies. Our secure IP laws safeguard not only ideas and concepts but also vital business assets crucial to long-term success.

To illustrate, Intel, through its Malaysian Global Service Centre, generates value for its customers and stakeholders. The centre conducts R&D for computing devices and offers diverse services including finance, human resources, information technology, procurement, manufacturing, logistics, warehousing, and sales marketing support.

With over RM14 billion invested over the span of 50 years and employing over 9,000 highly skilled Malaysians, Intelโ€™s first offshore assembly plant established in 1972 has now become the largest assembly and test site in its global network, located here in Penang.

Intellectual Property

Design

Patents

Invention

Authorship

Law

Copyright

Protection

Brand

The US Chamber of Commerceโ€™s Global Innovation Policy Centre (GIPC), in its 7th Annual International Intellectual Property (IP) index โ€“ 2022, ranks Malaysia second in South-East Asia.

 

Malaysia actively fosters a dynamic R&D environment with incentives for IP development, meeting the demand for global innovation amid evolving technologies and businesses.

 

 

 

The Conducive Business Environment in Malaysia

Malaysiaโ€™s conducive environment positions it as a leading global destination for manufacturing. With over 5,000 foreign companies from more than 50 countries establishing their presence, it reflects unwavering confidence in Malaysia as the preferred destination for your global growth investment.

Prominent Foreign Manufacturing
Companies

Convergence of Traditional Services Hubs

Malaysia attracts a hybrid suite of business models, which include Global/Regional Headquarters, Centres of Excellence (COEs), Procurement and Distribution Hubs, offering numerous advantages to multinational corporations (MNCs) looking for a strategic hub in the Asia-Pacific region to efficiently manage their service operations and regional or global supply chains.

Approved Regional and Global Operations (as of Q1 2023)

1,265

Projects

100

Countries

24,000

Employment

USD15.72 bil

Investments

National Investment Aspirations (NIA)

The NIA serves as a visionary growth framework to drive extensive reforms in Malaysiaโ€™s investment policies. It focuses on coherence and is reflected across all national policy papers and initiatives related to investment, including the New Industrial Master Plan and the 12th Malaysia Plan. This framework assumes an important role in revitalising Malaysiaโ€™s investment environment to attract high quality investments and create high-income employment opportunities.

 

Five Key Pillars of the NIA:

Increase the Economic Complexity

Enabling comprehensive reform in strengthening economic diversity and complexity of exports, enhanced local Research and Development (R&D), an improved capabilities, for a broader array of high-value products and services.

Create High-Value Jobs

Create high skill jobs to provide better income for the people.

Extend Domestic Linkages

Expanding and integrating domestic linkages into regional and global supply chains by improving resiliency.

Develop New and Existing Clusters

Accelerating the formation of new clusters in high-growth sectors while developing existing clusters to boost productivity, value creation, and economic effect.

Improve Inclusivity

Promoting inclusive growth focusing on socio-economic development.

The NIA aims to drive sustainable and high-quality investment in emerging and diverse sectors, fuelling Malaysiaโ€™s long-term growth. MIDA, with its established track record in promoting and facilitating investments, will assume a vital role in this initiative aligning with institutional reforms and the NIAโ€™s mandate for improved policy coherence.

Positioning A Sustainable Malaysia

Under the NIA, investment strategies will prioritise investments and innovation that strike a balance between economic and environmental sustainability anchored on global environmental, social and governance (ESG) benchmarks to support growth along the supply and value chains.

 

The green initiatives under Budget 2022 include reinforcing the need for Malaysian companies and the local supply chain to adopt ESG frameworks premised on higher value creation.

 

The transforming strategic sectors that have been identified following ESG-based practices include:

 

  • Manufacturing
    Driving increased production of sustainable products, such as electric vehicles (EVs), and implementing ESG practices to have a positive social impact
  • Services
    Incorporating the latest ESG practices into services, including corporate governance standards and sustainable investing
  • High-tech Areas
    Integrating advanced technologies with the latest ESG trends, such as the development of green data centres
  • Energy and Power
    Facilitating the transition of the energy and utility industries toward renewable energy sources

12th Malaysia Plan, 2021-2025 (12MP)

The 12MP encompasses Economic Empowerment, Environmental Sustainability, and Social Reengineering, working in harmony for Malaysiaโ€™s vision of Shared Prosperity. These dimensions align with Malaysiaโ€™s commitment to the Sustainable Development Goals by 2030. For more details, visit the Official Portal of the Ministry of Economy.

 

 

Future Forward Economy

Malaysia is actively fostering a future-forward economy, leveraging on its advanced technological landscape among ASEAN nations. Our commitment in embracing modern technologies offers significant advantages to investors. Encapsulated in the Malaysia Digital Economy Blueprint โ€“ MyDIGITAL, Malaysia aims to become a digitally driven, high-income nation, and a regional leader in the digital economy. Other key initiatives such as the National Fourth Industrial Revolution (4IR) Policy, Industry4WRD, Digital Investment Office (DIO), and National Digital Network (JENDELA) also aim to accelerate digital transformation, industry transition, and supply chain optimisation. These digital initiatives work to magnify Malaysiaโ€™s global growth potential in the new age.

 

 

Malaysia's Global Standing

Take a look at how Malaysia stacks up against the global competition.

Our efforts in attracting investments and driving productivity and innovation through economic and regulatory reforms have received worldwide recognition by various international institutions.

2nd

World Digital Competitiveness in ASEAN
(IMD World Digital Competitiveness Ranking 2023)

2nd

Most innovative upper-middle income economies in the world
(Global Innovation Index 2023, WIPO)

3rd

Upper-Middle Income Countries
(The Network Readiness Index 2023, Portulans Institute)

8th

Most innovative economies in South East Asia, East Asia, and Oceania
(Global Innovation Index 2023, WIPO)

13th

World University Ranking
(The Global Talent Competitiveness Index 2022, INSEAD)

National Fourth Industrial Revolution (4IR) Policy

Moving Further Ahead with 4IR

Malaysiaโ€™s National 4IR Policy builds upon Industry4WRD framework, aiming to drive comprehensive transformation and ethical use of 4IRโ€™s technologies for the countryโ€™s socioeconomic development.

The National 4IR Policy is aligned with MyDIGITAL Blueprint and also the National Policy on Science, Technology and Innovation (DSTIN) 2021-2030 that aims to develop Malaysia as a high-tech nation by 2030.

Malaysia: Whole-of-Nation Approach to 4IR

The National 4IR policy promotes policy coherence for sustainable resource optimisation and implementation coordination, aligned with Malaysiaโ€™s Shared Prosperity Vision 2030 and commitment to Sustainable Development Goals.

To expedite technology adoption and foster local innovation, the National 4IR policy aims to create a favourable ecosystem in terms of talent, infrastructure, regulation, and technological capability.

 

Nurturing Future Industries

Transforming Malaysiaโ€™s Industrial Landscape Since 1960

Malaysiaโ€™s Industry4WRD policy drives the transformation of the manufacturing sector, integrating people, processes, and technology. It represents the countryโ€™s strategic shift towards embracing Industry 4.0, paving the way for smart manufacturing and the eventual development of smart cities, grids, and solutions.

Malaysia is actively embracing Industry 4.0, elevating its industrial capabilities up the value chain to establish itself as a premier global industrial hub. A key focus is placed on enhancing technical and vocational education and training (TVET) to bridge the skills gap and nurture a workforce ready for the demands of the industry.

In Malaysia, businesses and government agencies collaborate to bridge the talent gap. The Malaysia Education Blueprint anticipates a demand for 1.3 million more TVET employees. To tackle this, MIDA, in partnership with the Federation of Malaysian Manufacturers (FMM) and the Ministry of Education (MOE), has introduced an Apprenticeship Programme.

Framework Industry4WRD

The Vision

Malaysiaโ€™s vision for the manufacturing sector in the next 10 years

 

Strategic partner for smart manufacturing and related services in Asia Pacific

Primary destination for high-tech industry

Total solutions provider for advanced technology

The Framework Industry4WRD

The Vision

Malaysiaโ€™s vision for the
manufacturing sector in the next
10 years

 

Strategic partner for smart manufacturing & related services in Asia Pacific

 

Primary destination for high-tech industry

 

Total solutions provider for advanced technology

National Goals & Target

These goals and targets align with Malaysiaโ€™s national vision to transform the manufacturing industry โ€“ driving performance improvement, technological advancement, skill development, and workforce expertise โ€“ with the aim to increase the sectorโ€™s contribution to the economy at large.

Gearing Towards Industry 4.0

Industry4WRD serves as the framework for manufacturing and manufacturing-related services on their Industry 4.0 journey. It lays out 13 methods for Malaysia to shift upwards over the next decade. This journey is anchored on three factors: People, Processes and Technology.

People

Given its importance, the Policy places a strong emphasis on the development, enhancement, and retention of the necessary talent and skills.

Process

Enhancing both manufacturing and business processes is pivotal for Malaysiaโ€™s transformation, and this Policy strives to cultivate a conducive business environment while facilitating catalytic public-private partnerships.

Technology

  • The rapid advancement of technology is driving global manufacturing competitiveness, and this Policy actively promotes the seamless and swift adoption of industry 4.0 technologies, with a particular focus on empowering SMEs.

Gearing Towards Industry 4.0

Industry4WRD serves as the framework for manufacturing and manufacturing-related services on their Industry 4.0 journey. It lays out 13 methods for Malaysia to shift upwards over the next decade. This journey is anchored on three factors: People, Processes and Technology.

People

Given its criticality, developing, upgrading and retaining the required talent and skills are at the centre of this Policy.

Process

Improving both manufacturing and business processes is important for Malaysiaโ€™s transformation and this Policy aims to create a favourable business environment and facilitate public-private partnerships.

Technology

Technology advancement is increasingly propelling global manufacturing competitiveness and this Policy fosters a seamless and accelerated adoption of Industry 4.0 technologies, especially for SMEs.

MIDA Paves the Way For EV-Charged Future

MIDA welcomes Tesla โ€“ a leading American multinational electric automotive manufacturer โ€“ with its strategic expansion into the Malaysian market. This expansion is a direct response to the Battery Electric Vehicle (BEV) Global Leaders initiative introduced by the Ministry of Investment, Trade and Industry (MITI). Teslaโ€™s operation in Malaysia will involve Vehicle Importation, Supercharger Network, Head Office & Service Centre, and Experience Centre.

MIDA has approved 58 projects totalling RM26.2 billion in the EV and its related ecosystems from 2018 to March 2023. The approved investments span various areas, including EV assembly, manufacturing of EV parts and components as well as its charging components. As the demand for sustainable transportation continues to rise, MIDAโ€™s support and facilitation of these projects contribute to the advancement of the EV sector in Malaysia, fostering economic development, job creation, and a greener future.

With its steadfast commitment to innovation, sustainability, and customer satisfaction, Tesla is primed to revolutionise the Malaysian automotive market and contribute significantly to the nationโ€™s environmental goal to become carbon neutral by 2050, in alignment with Malaysiaโ€™s pledge to reduce carbon emissions under the United Nations Framework Convention on Climate Change (UNFCCC).

We are pleased that Tesla has chosen Malaysia as one of its destinations for their expansion in Southeast Asia. Their commitment to sustainable mobility is closely aligned with Malaysiaโ€™s vision for a greener future, and our New Industrial Master Plan 2030โ€™s push for net zero. MITI is focused on transforming our industrial and investment landscape to not only attract companies like Tesla to help enhance our domestic suppliersโ€™ position in global value chains but also open up new โ€˜greenerโ€™ economic opportunities and create higher-paying jobs for Malaysians. Teslaโ€™s presence here will also help raise Malaysiaโ€™s pro-business and pro-investment credentials on the global stage, and we look forward to welcoming more multinational investors that share our vision of developing a more sustainable, balanced, and inclusive economic growth for our nation. 

โ€“ YB Tengku Datuk Seri Utama Zafrul Aziz, Minister of Investment, Trade and Industry, MITI (2023)


Malaysiaโ€™s Digital Free Trade Zone (DFTZ)

The increased efficiency in the sector and enhanced development capacities are transforming Malaysia into a leading provider of advanced technology services.

The Digital Free Trade Zone (DFTZ) combines physical and digital zones to support SMEs in capitalising on the exponential growth of the web economy and cross-border e-commerce. It expands Malaysiaโ€™s e-commerce roadmap, aiming to increase e-commerce growth and its GDP contribution to RM211 billion (US$48 billion) per year.

Under the National e-Commerce Strategic Roadmap, MIDA has been entrusted as the lead agency responsible for facilitating Malaysiaโ€™s transformation into a renowned regional e-fulfilment hub.

DFTZ aims to:

  • Help SMEs export their products globally with ease.
  • Enable global marketplaces to source from Malaysian manufacturers/sellers.
  • Make Malaysia the regional e-fulfilment hub for global brands to reach ASEAN buyers.
  • Nurture an ecosystem to drive innovation in e-commerce and internet economy

National Digital Infrastructure Plan (Jendela)

Launched in 2020, Jendela is a RM21 billion national digital infrastructure plan designed to steer Malaysia towards greater digital connectivity by boosting the efficiency of the national infrastructure and optimising spectrum usage. The plan aims to provide the foundation for comprehensive and quality broadband coverage, and prepare the country to adopt the 5G technology.

Accelerating Business Growth with 5G

Explore how 5G in Malaysia can unlock innovation and new opportunities. As part of MyDIGITAL initiative, a total of RM15 billion will be invested over a period of 10 years to facilitate the nationwide rollout of 5G.

The Government is encouraging the development of a reliable 5G ecosystem and promoting its adoption in industries and the public sector, including automotive, manufacturing, education, agriculture, tourism, and media.

Shaping Malaysiaโ€™s Digital Investment Landscape

MyDigital Blueprint (2021-2030) spearheads digital economy growth through its initiatives, key strategies, and ambitious targets. Key objectives entail a RM70 billion investment in digitalisation, increased number of start-ups to 5,000, driving a 30% productivity surge across sectors, and propelling the digital economy to contribute 22.6% to Malaysiaโ€™s GDP.

The National Council of Digital Economy and Fourth Industrial Revolution (MED4IR) chaired by the Prime Minister endorsed the establishment of the Digital Investment Office (DIO) which is entrusted to charge towards facilitating digital investments in Malaysia. The role of DIO is consistent with MyDIGITAL and the National Investment Aspirations, guided by the essence of the Shared Prosperity Vision (SPV) 2030.

The DIO is a fully digital collaborative platform between MIDA, and the Malaysia Digital Economy Corporation (MDEC) designed to coordinate and facilitate digital investments. This initiative aims to enhance awareness of digital investment in the country and improve coordination among Investment Promotion Agencies (IPAs) to attract and promote new investments in this fast-evolving segment.

For further enquiries, please click here.

 

IDI2023, which measured 10 indicators, reported that Malaysia has, among others achieved near-universal coverage of 4G or LTE mobile networks, high mobile-broadband subscriptions and affordable prices for mobile and fixed-broadband services.

โ€” The ICT Development Index (IDI) 2023

Dynamic Skilled Workforce

Malaysiaโ€™s diverse, well-educated, multilingual, and trainable workforce serves as the foundation of its economic growth. Malaysia boasts 20 public and over 80 private universities, along with more than 1,400 technical and vocational education and training colleges (TVET) established by various ministries to bolster Malaysiaโ€™s talent pool.

Backed by the ongoing commitment of the Government to enhance human resource development across all sectors, Malaysia possesses one of the most highly skilled labour forces in the region. The typical Malaysian is proficient in speaking at least two or three languages, with high levels of proficiency in English. Moreover, those entering the workforce after completing their education typically have a minimum of 11 years of formal schooling.

The Malaysian Education Blueprint 2015-2025 promotes collaborations between universities and industries. It allows the industrial sectors to lead curriculum design as well as partner with programmes such as apprenticeships, hands-on training, real-life simulations and specialised employer training programmes.

Malaysia is gearing the next generation with essential skill sets for future employment. The Education Blueprint 2013-2025 focuses on enhancing STEM education, exposing students to programming and subjects related to robotics, AI, and computer science.

Malaysia Significantly Invests in Education

53

Private Universities

20

Public Universities

More than

1,400

TVET Colleges

The enhancement of the education standard remains a priority for Malaysia. This includes improving technical and vocational education and training (TVET), strengthening lifelong learning (LLL), and increasing the efficiency of the labour market to meet industry demands, particularly crucial in light of the Fourth Industrial Revolution (4IR) that significantly impacted education and training.

Recognising this situation, the Twelfth Malaysia Plan (12MP) prioritises the recalibration of the labour market to foster inclusive and sustainable growth and nurture future-ready talent.

High Priority on Education

As an upper-middle-income nation, Malaysia boasts a robust education system that receives significant emphasis under Malaysiaโ€™s five-year development plans. Our quality workforce is considered one of the regionโ€™s best, while public institutions of higher education are projected to enrol over 500,000 students with a growing emphasis on science and technical disciplines.

Enrolment at Public University by Field of Study

Total of

55,104

Enrolment in Arts and Humanities

Total of

199,948

Enrolment in Social Sciences, Business and Law

Total of

126,926

Enrolment in Engineering, Manufacturing and Construction

Total of

90,862

Enrolment in Science, Mathematics and Computer

(Source: Quick Facts 2022, Ministry of Education)

Robust Private Sector Support in Education

The private sector has also set up educational institutions to supplement the governmentโ€™s efforts to generate a larger pool of professionals and semi-professionals.

Various private colleges in Malaysia offer degree programmes on a twinning basis with overseas institutions of higher learning, while foreign universities such as Heriot-Watt University, University of Southampton Malaysia, Monash University Malaysia, Nottingham Malaysia, Newcastle University Medicine Malaysia, Curtin University in Sarawak, University of Reading Malaysia and Xiamen University Malaysia have set up branch campuses in the country. Educational institutions in Malaysia generate a large pool of professionals with degrees and post-graduate qualifications.

Internationally Ranked Universities

Source: Times Higher Educationโ€™s (THE) Asia University Rankings 2023

The Times Higher Education (THE) Asia University Rankings 2023 featured 16 of Malaysiaโ€™s public institutions. Universiti Teknologi Petronas secured the 63rd spot for 2023, while Universiti Utara Malaysia made significant improvements from the previous year.

Development of Industrial Training

The Human Resource Growth Fund (HRDF) was established to promote training in the private sector, providing grants to companies in the manufacturing and service industries. Contributing companies can utilise HRDF to cover the cost of training their workforce. Under the Ministry of Human Resources, the National Vocational Training Council oversees the planning and development of vocational and industrial training programs for training providers. Additionally, it continuously updates the National Occupational Skills Standards (NOSS), which currently include over 2,000 qualifications spanning from certificates to advanced diplomas.

The Penang Skills Development Centre (PSDC) is a renowned TVET institution that addresses knowledge gaps, reduces equipment costs, and ensures a consistent talent supply. Its Precision Machining and Industry 4.0 Centre serves as a platform for learning, training, and development, preparing industries for emerging technologies. Through collaboration with the German-Malaysia Institute (GMI), PSDC offers German Dual Vocational Training (GDVT), emphasising practical training at host companies to cultivate a highly skilled and industry-ready workforce.

Meanwhile, Universiti Malaysia Pahang (UMP) is making significant contributions to the TVET initiative as a leading higher learning institute. With its impressive 5-Star total score from the QS World University Rankings (WUR) 2023, UMP aims to produce future-proof talents.

Mastery of the German language is among the most important criteria besides academic achievements. It consists of Level B1 and B2, both of which are the third and fourth levels on the scale established by the Common European Framework of Reference for Languages (CEFR). In Malaysia, there are only two recognized examination centres by the collaborating partners in Germany, namely the Goethe Institute (GI) and telc-German-Malaysia Institute (telc-GMI).

โ€“ UMP Centre for Strategic Academic Collaboration (PKSA) Senior Executive Muhammad Hafiz Aswad Ahmad Kamal (2022)

True Contentment Extends Beyond Business

MIDA recognises that true contentment extends beyond business. Malaysia, with its multicultural diversity, offers a warm and hospitable environment for work and living. A fulfilling lifestyle goes beyond careers and encompasses family, friendships, education, health, and leisure, creating a holistic experience that ensures well-rounded happiness.

In the Expat Insider 2022 survey, expats ranked Malaysia 5th in the Personal Finance Index due to its relatively low general cost of living, high household disposable income, and overall satisfaction with their financial situation. Additionally, in HSBCโ€™s Expat Explorer survey, the worldโ€™s largest and longest running study of expat life, Malaysia was ranked 3rd among all ASEAN countries to live in.

Malaysiaโ€™s remarkable diversity, rooted in its rich blend of ancient civilisations, sets it apart. This multicultural mosaic fosters multilingualism, with Malaysians speaking two or even three languages, including Malay (the national language), English, Mandarin, Tamil, and other Asian languages. Embodying a cosmopolitan atmosphere, Malaysians are known for their warm and friendly nature, as well as their easy acceptance of foreigners. Beyond abundant business prospects, Malaysia offers vibrant and distinctive encounters that lead to lasting connections, creating a truly memorable experience.

World-Class Healthcare Services in Malaysia

Malaysia boasts world-class healthcare services, fully equipped with a comprehensive range of medical specialties, state-of-the-art equipment, highly skilled healthcare professionals, and patient-centred care. Coupled with a relatively lower cost of living and a temperate climate, Malaysia remains among the top retirement destinations in the world.

 

Malaysia is making significant progress in personalised healthcare, as evidenced by its 8th position in the Personalized Healthcare Index for the Asia Pacific region. The index, conducted by FutureProofing Healthcare and Roche, measures the readiness and resilience of health systems in the region. Malaysia stands out for its strong funding availability, ranking third in financial support for scaling up personalised healthcare initiatives.

 

Malaysia is known for its highly skilled doctors and healthcare professionals who provide excellent care to both locals and tourists. The countryโ€™s talent is acknowledged by the prestigious Joint Commission International (JCI), a global leader in accreditation. In a historic achievement, Datuk Dr. Jacob Thomas became the first Malaysian appointed as the Chairman of JCI in 2021, further affirming Malaysiaโ€™s reputation for exceptional healthcare.

 

 

I think there is nothing more important than making sure the patients that come to our hospitals are safe. One way to ensure that is to look at patient safety, quality of care, and looking at outcomes. All this happens when you are accredited by one of many international accrediting bodies.

โ€“ Datuk Dr. Jacob Thomas, Chairman of the Joint Commission International (JCI), 2021

Malaysia Healthcare - Quality, Accessible & Affordable Medical Care

World-Class

State-of-the-art technology, combined with medical expertise and international accreditation, is provided here.

Quality Standards

Stringent quality and safety standards set by the Ministry of Health.

Skilled Talent

Expertly trained healthcare professionals from reputable institutions in Malaysia, UK, Australia and USA.

Global Recognition

National and international accreditations, eg. MSQH, JCI, ACHS.

Ease of Communication

The plethora of languages spoken here makes you feel that you are not too far from home. 

Easy Accessibility

Minimal wait hours with access to specialists and various treatments.

Competitive Affordability

Treatment costs are monitored by the Ministry of Health.

Global Halal Hub

Providing consumers with a wide range of options to meet their religious needs.

 
 
 

 

 

Malaysia has built a strong reputation as a safe and trusted global destination for healthcare over the past 10 years, with visitors from across the world coming for a range of treatments.

โ€“ Mohd Daud Mohd Arif, CEO of Malaysia Healthcare Travel Council (MHTC), 2023

Quality Education System

The Malaysian education system caters to a wide range of communities, offering a multitude of public and private schools with a comprehensive curriculum regulated by the Ministry of Education. Moreover, parents have the flexibility to enrol their children in prestigious international schools that align with the teaching methodologies and curriculum of their country of origin.

Comfortable and Affordable Housing

There is a wide selection of comfortable housing in Malaysia. According to a survey on expatriate living costs by the Malaysian International Chamber of Commerce & Industry, monthly rentals for accommodation can range from as low as RM2,500 โ€“ 3,800 (USD590 โ€“ USD960) for a furnished 3-bedroom condominium in the suburbs of Kuala Lumpur to approximately RM15,000 (USD3,500) for a luxury bungalow in a posh neighbourhood nearer to the city.

The Ministry of Housing and Local Government (KPKT) has also launched the Malaysia Smart City Framework to accommodate the future emerging technology trend as well as the Malaysia SDG Cities Roadmap, a framework to support cities and regions in the country towards becoming a sustainable urban nation.

Monthly Rentals

RM2,500 โ€“ 3,800/ USD590 โ€“ USD960

for a furnished 3-bedroom condominium in the suburbs of Kuala Lumpur

Monthly Rentals

RM15,000/ USD3,500

for a luxury bungalow in a posh neighbourhood nearer to the city

Exceptional Lifestyle

Malaysiaโ€™s year-round warm climate presents an inviting lifestyle, catering to both especially for those seeking adventure. Families can explore breathtaking national parks with majestic rivers and towering mountains, engage in snorkelling and scuba diving in idyllic islands, tee off at picturesque hill resorts, indulge in extravagant shopping at luxurious complexes and factory outlets, or immerse themselves in the excitement of Malaysiaโ€™s numerous amusement parks.

Food Paradise

Malaysian cuisine, reflecting the countryโ€™s cultural richness and diversity, encompasses a delightful fusion of Malay, Chinese, and Indian influences. Whether you savour street food under oversized umbrellas or five-star dining at an exclusive spot, Malaysia caters to every appetite.

Back to Nature

Malaysia is one of the leading dive destinations in the world, with one of the richest marine environments in the Indo-Pacific Basin. The incredible biodiversity of marine life, coupled with warm, clear waters, beautiful islands and breathtaking beaches keep divers coming back to Malaysia.

Diving sites in Malaysia include Tioman Island and Aur Island in Johor, Kapas Island and Perhentian Island in Terengganu and Mantanani, Mataking, Mabul and Sipadan in Sabah. Imagine sandy beaches and turquoise tropical waters rich in rainbow-coloured sea life. Malaysia is a true gift to lovers of the sea.

There are also plenty nature reserves and hiking trails across Malaysia to be explored. Escape from the hustle and bustle of the daily grind by hiking through Malaysiaโ€™s mesmerizing flora and fauna, and reward yourself with breathtaking peak views. These include Taman Negara (National Park Malaysia), Bako National Park, KL Forest Eco Park, Broga Hill, Penang Hill, and Mount Kinabalu.

Shopperโ€™s Paradise

Malaysia stands as a premier shopping destination, boasting an array of retail experiences. From expansive malls adorned with fashionable designer boutiques and premium outlets to the bustling night market stalls and intriguing pop-up collectorsโ€™ markets, the nation is a haven for shoppers. The TRX Exchange Mall in Kuala Lumpur stands out as a world-class hub for high-end shopping, while One Utama, one of the largest malls globally, a one-stop retail haven that meets all your latest fashion, dining and entertainment needs. Mid Valley Megamall and The Gardens Mall provide a mix of luxury and affordable brands, making them a favorite among locals and tourists. The iconic Sunway Pyramid, with its Egyptian-inspired design, offers a wide range of shops and entertainment, including an indoor ice-skating rink. Beyond the capital, IOI City Mall, Malaysiaโ€™s largest shopping center, offers over 2.5 million square feet of retail space. Malaysia hosts numerous duty-free outlets at airports and tourist hotspots such as the tropical island paradises of Langkawi and Labuan. Whether you venture north to Penang, south to Johor, or across the seas to East Malaysia, the country offers a plethora of choices to satisfy your shopping desires.

Vibrant Culture and Arts

Malaysiaโ€™s rich cultural diversity is showcased through its blend of indigenous tribes, Malays, Chinese, and Indian influences, establishing it as a melting pot of Asia. Festivals like Lunar New Year feature vibrant lion dance costumes, while Malaysian Batik and Wayang Kulit highlight traditional textile art and shadow puppetry. With over 130 museums, including the National Museum and Islamic Art Museum, Malaysia offers a wealth of historical and cultural heritage for visitors to explore and immerse themselves in.

Experience Tropical Nightlife

Kuala Lumpur, Malaysiaโ€™s capital, offers a vibrant nightlife scene with a variety of options to suit different preferences. From exclusive restaurants and hip bars to trendy nightclubs and karaoke spots, there is something for everyone. Taste, Relish, Experience and Celebrate (TREC) located along Jalan Tun Razak is Kuala Lumpurโ€™s largest entertainment and food & beverage hotspot, a popular destination known for its hipster speakeasies, comedy clubs, and piano bars. For those seeking breathtaking views of the KL skyline, upscale venues like The Roof at 1 First Avenue, Mantra Bangsar, and the Wet Deck at the W Kuala Lumpur Hotel offer a vibrant atmosphere and stunning perspectives of the iconic Petronas Twin Towersโ€”perfect for a memorable night out in the city.

Thrilling Sporting Events

Malaysia features world-class sporting facilities and hosts a variety of exciting international events.

The annual Le Tour de Langkawi, sanctioned by the International Cycling Union (UCI), showcases thrilling cycling races. The Penang International Dragon Boat Festivals offer exhilarating competitions as teams compete for glory. Tennis enthusiasts can enjoy the ATP Malaysian Open, a dazzling event filled with entertainment.

For golf enthusiasts, Malaysia offers over 200 golf courses, including those designed by legends such as Jack Nicklaus, Arnold Palmer, and Ernie Els. Many premier golf courses feature glare-free floodlights, allowing golfers to play at night and beat the heat.

Whether youโ€™re seeking to improve your game or explore business opportunities, Malaysia provides the perfect combination of sports and networking.

Why Malaysia: Your Profit Centre in Asia

Download our Why Malaysia booklet to explore the numerous advantages the Malaysian business environment offers to global investors.

Discover More Investment Opportunities

Over the past decades, the manufacturing sector has undergone momentous changes. Production efficiency and cost control are vital factors that enable the sector to deliver real results to your business. Our services industry also combines a multi-disciplinary approach with in-depth, practical industry knowledge to meet foreseen challenges and seize opportunities. Explore the various competitive and comparative advantages in Malaysiaโ€™s manufacturing and services sectors.

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