KUALA LUMPUR, 30 September 2022 – Malaysian Investment Development Authority (MIDA) said its newest office in Istanbul is set to provide Malaysia and Türkiye with new economic opportunities and drive the steady growth of Malaysia-Turkiye’s bilateral trade relations.
“MIDA Istanbul will serve as a gateway for aspiring Turkish investors who wish to expand their businesses in Malaysia and vice-versa. Investors will be able to gain access to the latest information on investment policies and opportunities, joint venture partnerships or technological collaborations”, it said in a statement today.
Senior Minister and Minister of International Trade and Industry Datuk Seri Mohamed Azmin Ali who officiated the launch of the MIDA Istanbul Office said the opening of MIDA’s office in Istanbul is most timely in order to fully exploit the potential upside for enhanced Turkish investments in manufacturing and services, particularly in the areas of advanced manufacturing, machinery and equipment, aerospace, digital investment, ICT and food manufacturing including the Halal segment.
MIDA CEO, Datuk Wira Arham Abdul Rahman in his welcoming speech said: “Apart from helping MIDA to attract new investment opportunities into Malaysia, the country is looking for new collaborations to grow together and the launch of MIDA’s office in Istanbul will help us extend our outreach programmes with trading partners of Türkiye, which includes countries like Russia, Greece, Cyprus, Azerbaijan, Georgia and the 7 “Stan” countries in Central Asia.”
MIDA said many business opportunities await Turkish investors, particularly in the fields of machinery and equipment, aerospace, ICT, digital investment, and food manufacturing including the Halal segment.
For the first half of 2022, Malaysia attracted a total of RM123.3 billion (USD28.0 billion) worth of approved investments in the manufacturing, services and primary sectors involving 1,714 projects for the period of January to June 2022 and is expected to create 57,771 job opportunities in the country.
Foreign direct investments remained the major contributor, at 70.9 per cent or RM87.4 billion (USD19.9 billion), while investments from domestic sources contributed 29.1 per cent amounting to RM35.9 billion (USD8.2 billion).
— Akses Malaysia
Akses Malaysia merupakan satu saluran pengetahuan dan informasi yang disediakan bagi membolehkan pembaca mendapatkankan info-info terkini dalam dan luar negara.
- Akses Malaysia
- Akses Malaysia
- Akses Malaysia
- Akses Malaysia
