Europe-linked projects worth RM3.1 bil approved in Jan-Sept 2019
By Bernama |   |  Featured, Mainstream

KUALA LUMPUR: The Malaysian Investment Development Authority (Mida) approved 34 manufacturing projects worth a total of RM3.1 bil involving companies from Europe in the first nine months of 2019.

The investments were expected to create 2,782 jobs, Mida said in a statement today.

On Jan 14, the investment authority held a networking event involving European Union chambers, associations and embassies.

Forty representatives from Austria, Belgium, Czech Republic, France, Italy, Ireland, Germany, Norway, the UK, The Netherlands, Russia, Sweden, Switzerland and Spain offices in Malaysia attended the event.

“Our next networking event, which will be organised soon, will be with the chambers and associations from the Americas, Oceania and the Asia Pacific,” said Mida CEO Datuk Azman Mahmud.

It would also organise a series of trade and investment (T&I) missions as well as working visits to Spain, Switzerland, Germany, UK and France this year.

The T&I missions would also include countries such as Japan, South Korea, China, India, New Zealand, Saudi Arabia, United Arab Emirates and the US.

As of September 2019, MIDA had approved 2,366 manufacturing projects worth RM131.4 bil with participation from EU countries, which created 271,712 jobs.

European companies that have operations in Malaysia include ST Microelectronics, Infineon Technologies, Acerinox, Dyson Manufacturing, Novartis, Osram Opto Semiconductors, Aker Solution, and B.Braun Medical. - Jan 16, 2020 Bernama

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