KUALA LUMPUR, 16 January 2020 – The Malaysian Investment Development Authority (MIDA) has approved a total of 34 manufacturing projects with EU’s participation worth RM3.1 billion in the first nine months of 2019. The projects are expected to create 2,782 job opportunities.
In a statement issued on 16 January 2020, MIDA has approved a total of 2,366 manufacturing projects with the participation from EU countries worth RM131.4 billion in September 2019. These investments created 271,712 employment opportunities for the country.
Major European companies that have operations in Malaysia include ST Microelectronics, Infineon, Acerinox, Saint Gobain, Dyson Manufacturing, Novartis, Osram Opto Semiconductors, Aker Solution, and B.Braun Medical.
For 2020, MIDA will be organising a series of trade and investment (T&I) missions and working visits to Spain, Switzerland, Germany, UK and France.
Also, MIDA’s T&I missions for this year will cover other countries such as Japan, the Republic of Korea, China, India, New Zealand, Saudi Arabia, U.A.E and the USA.