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Business : MIDA In Talks With Companies On Investments In Various Industries

GEORGE TOWN, Dec 4 (Bernama) — Malaysian Investment Development Authority (MIDA) is in talks with companies that are keen to invest in various industries, said its chief executive officer, Datuk Azman Mahmud.

He said the talks were on-going with local and foreign companies from the medical devices and equipment, machinery, oil and gas, sciences related activities and products as well as electrical and electronic industries. “This year’s investments were exciting for the manufacturing sector and we are currently talking to several companies on potential investments. “We should be able to secure current negotiations and I believe that the momentum from this year would spill over in 2015,” Azman told reporters after opening Exclusive Master (M) Sdn Bhd’s new automation manufacturing plant in George Town, Thursday.

He said the manufacturing sector has consistently been a main contributor to the country’s economic growth with approved investments amounting to RM53.2 billion for the first seven months of this year. “The manufacturing and engineering industry in Malaysia has evolved from just repairing and servicing of imported machineries in the resource and agro-based industries to front-end semiconductor processing, medical, aerospace as well as oil and gas industries.

–BERNAMA

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