Swift and sure in its response to the global pandemic and downturn, the Malaysian government is just as swiftly rolling out a familiar welcome mat to global corporate investors.
In an April 2021 speech, Y.B. Dato’ Seri Mohamed Azmin Ali, Malaysia’s Senior Minister and Minister of International Trade and Industry, said the country’s investment promotion efforts have successfully kept Malaysia on investors’ radar, noting that the country “is currently undertaking concerted efforts to review our existing policies and restructure our investment strategy to ensure that implementation of high-impact projects can be expedited.”
Site Selection has tracked plenty of recent high-impact projects in Malaysia from companies such as GE Engine Services, SK Holdings, GKN Aerospace, Plexus Manufacturing, Longi Green Energy Technology, medical device company Smith & Nephew, Nestle, Dexcom, UCT, LEM, Music Tribe and Leuze Electronics, among others. But the country is always seeking that next level, based on National Investment Aspirations that will guide it toward status as a regional investment hub.
Helping the country get there will be Arham Abdul Rahman, who in April 2021 became the new CEO of the Malaysian Investment Development Authority (MIDA). He recently responded to questions from Site Selection as Malaysia and the rest of the world emerge from the pandemic into a new era of FDI and economic development.