KUALA LUMPUR, 10 October 2019 – 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 JTC is expected to strengthen the bilateral partnership between both countries and to open new horizons of co-operation to promote Malaysia – Qatar trade and investment. The Minister of Commerce and Industry Qatar and the Minister of International Trade and Industry Malaysia co-chaired the meeting.
“We are proud that many Malaysian companies such as Gamuda, UEM, Eversendai, Holiday Villa and Malaysia Airports have increasingly enlarged their footprint in Qatar. With the upcoming 2022 FIFA World Cup in Qatar, we trust that there will be more business opportunities that can be explored by Malaysian businessmen there.”
Dato’ Azman Mahmud, Chief Executive Officer (CEO) of MIDA
MIDA is the government’s principal promotion agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia.
Investment Promotion Agency Qatar (IPAQ) is Qatari government’s investment promotion arm responsible for promoting the State of Qatar as a preferred location for foreign direct investment, which is line with objectives set out in the Qatar National Vision 2030.