Mida, MUFG Bank join forces to boost high-value investments in Malaysia
The partnership focuses on attracting global investment in semiconductors, specialty chemicals, aerospace, pharmaceuticals, medical devices, electric vehicles, digital sectors and green technology.
In a statement, Mida said the collaboration comes at a crucial time for Malaysia's economic transformation in light of the recent 13th Malaysia Plan announced last week.
Mida chief executive officer Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said the partnership's strengthen Malaysia-Japan economic ties.
"This strategic alliance will actively promote investment opportunities in high-value and competitive sectors by facilitating bilateral investments.
"By leveraging our extensive business networks and ecosystems, we seek to foster joint ventures and strategic partnerships between Malaysian and Japanese companies.
"We will also work together to position Malaysia as a welcoming destination for Japanese investors, including through events and outreach activities that support mutual engagement," he added.
Meanwhile, MUFG Malaysia country head and CEO Motohide Okuda said the partnership reflects a shared vision to support Malaysia's economic growth by leveraging on the bank's global network.
"This will promote high quality inbound investments from global and Japanese corporates and further contribute to the sustainable development and long-term success of Malaysia," he said.
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