MIDA Inked Five MoUs With Organisations From Four Countries In 2023-2025 -- MITI

KUALA LUMPUR, June 29 (Bernama) -- The Malaysian Investment Development Authority (MIDA) signed five foreign investment-related memoranda of understanding (MoUs) with organisations from China, Saudi Arabia, Japan, and Türkiye between 2023 and 2025.

The Investment, Trade and Industry Ministry (MITI) said the MoUs cover strategic sectors such as semiconductors, artificial intelligence, renewable energy, the aerospace supply chain, as well as maintenance, repair and overhaul (MRO).

According to the ministry, the MoUs serve as a platform for strategic collaboration to explore new investment opportunities, strengthen networks with potential investors, and promote cooperation in high-potential sectors.

“The signing of these MoUs represented an initial step to facilitate further discussions, information exchange, and the assessment of potential investment opportunities that could be realised in Malaysia.

“However, they do not necessarily translate into realised investments, as any investment decision will be based on commercial, technical, and strategic evaluations before investment commitments are finalised,” it said in a written reply published on the Dewan Rakyat website today.

The ministry was responding to a question from Wan Razali Wan Nor (PN–Kuantan) regarding the number of foreign investment-related MoUs inked by the government between 2023 and 2025, and how many of them have resulted in approved investment projects that are currently operating in Malaysia.

MITI also noted that 39 official visits overseas were made during this period.

“These visits and (trade and investment) missions generated potential investments totalling RM424.7 billion,” it said.

MITI said investments worth RM151.7 billion have been approved, while potential investments valued at RM76.7 billion are still under evaluation and expected to be finalised this year.

“Typically, these investments are implemented within 18 to 24 months after approval before becoming operational,” it added.

-- BERNAMA