KUALA LUMPUR, Oct 10 (Bernama) -- The Malaysian Investment Development Authority (MIDA) signed a Memorandum of Understanding (MoU) with the Investment Promotion Agency Qatar (IPAQ) today to enhance mutual cooperation in generating investment crossflows between the two countries. The signing ceremony was held in conjunction with the 2nd Malaysia-Qatar Joint Trade Committee Meeting (JTC) in Malaysia this week. The partnership includes information exchanges on economic and industrial development as well as the organisation of joint promotional activities such as conferences and seminars that target investors.
“The partnership between MIDA and IPAQ will strengthen the existing business relations between Malaysia and Qatar. Being a diversified economy with its competitive and comparative advantages, Malaysia provides many business opportunities for the Qatari investors to access the wider market in the ASEAN region. We aim to create new opportunities and catalyse business collaborations through a seamless facilitation channel that will contribute positively to the economic growth of the two countries. We look forward to leveraging on IPAQ’s network and resources to provide more rewarding connections for both our business communities. We want to attract more investments from Qatar. The strength of Qatar in service-based activities is very much in line with our current focus on attracting investments in the services sector and making Malaysia a regional hub for foreign investors,” said Dato’ Azman Mahmud, Chief Executive Officer (CEO) of MIDA.