Enhancing Malaysia’s investments
The Malaysian Investment Development Authority (MIDA) has identified 240 high-profile foreign investment projects in the manufacturing and services sectors with a combined potential investment value of RM81.9bil.
MIDA said the government was drawing up a national investment strategy to attract high-quality investments that can meaningfully enhance Malaysia’s productive capacity, create high-skilled jobs, promote technology transfer and foster domestic linkages.
Malaysia was ranked fourth amongst 17 economies, according to a recent joint study by KPMG and the Manufacturing Institute in the United States entitled “Cost of Manufacturing Operations around the Globe”. “The study validates Malaysia’s aspirations to become a global supply chain hub in the region. Further, MNCs are using Malaysia as a hub for treasury management services as well as a myriad of activities of related services, ” MIDA said.
© 2023 KPMG PLT, a limited liability partnership established under Malaysian law and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.
KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.