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Introduction
Last Updated : 17/3/2017 8:33 AM
  • Malaysia is a country on the move, from a country dependent on agriculture and primary commodities, Malaysia has today become an export-driven economy spurred on by high technology, knowledge-based and capital-intensive industries.

Condusive Business Environment

  • Malaysia, strategically located in the heart of South East Asia, offers a cost-competitive location for investors intending to set up offshore operations for the manufacture of advanced technological products for regional and international markets.
  • Supported by a market-oriented economy and pro-business Government policies, Malaysia offers investors a dynamic and vibrant business environment with the ideal prerequisites for growth and profits. Malaysia's key strengths include well-developed infrastructure and productive workforce. A politically stable country with a well-developed legal system, Malaysia also provides attractive incentives for investors.

Advancing with Technology

  • Technological advancement has become an integral part of Malaysia's growth as an industrialised nation. With the help of technology, Malaysia is steadfast in providing for the modern day requirements of investor companies based in the country. Malaysia is one of the most technologically developed countries amongst industrialising nations in the ASEAN region. The nation's persistent drive to engage modern technologies proves to be a great advantage to manufacturers in Malaysia.

Well-developed Infrastructure

  • Infrastructure in Malaysia is designed to serve the business community; it is one of the best in Asia. Telecommunications network served by digital and fibre optic technology, five international airports (all with air-cargo facilities), well-maintained highways and seven international seaports make Malaysia an ideal springboard to the Asia-Pacific market.
  • Industries in Malaysia are predominantly located in over 500 industrial estates and Free Zones developed throughout the country. These zones are categorised as export processing zones, which cater to the requirements of export-oriented industries. There are also specialised parks that have been developed to cater to the needs of specific industries.

Educated Workforce

  • One of Malaysia's greatest assets is her human resources. The workforce here is young, educated and productive, proving to be one of the best in the region. The Government's emphasis on human resource development ensures the continuous supply of manpower to meet the needs of the expanding manufacturing and services sectors.

Towards the Economy of Tomorrow

  • As a result of perceptive foresight, strategic planning and abundant resources, Malaysia offers investors a wide spectrum of investment opportunities. The technologically-inclined economy of Malaysia is proven through the country's involvement in advanced electronics manufacturing, biotechnology,  optics and photonics, renewable energy, petrochemicals, pharmaceuticals, medical devices, ICT, aerospace, machinery and equipment, design, innovation and a highly automated manufacturing sector, to name a few.
  • The Government is intensifying effort in identifying and attracting investments, which are high technology, capital-intensive, high value-added, knowledge-based, skills-intensive, exported oriented and which provides high income jobs. The objective is also to make Malaysia a hub for other value chain activities, such as R&D, design and development (D&D), procurement, logistics, distribution and marketing, business support services and shared services.

A Heaven for Companies

  • The conducive business environment in Malaysia has made the country one of the world's top investment destinations for offshore manufacturing operations. Malaysia has to date attracted more than 5,000 foreign companies from more than 40 countries to establish their operations in the country. Many of them have also expanded and diversified their operations in the country, reflecting their confidence in Malaysia as a site for their business ventures.

Malaysian Investment Development Authority (MIDA)

  • The Malaysian Investment Development Authority (MIDA) is the Government's principal agency for the promotion of the manufacturing and services sectors in Malaysia.
  • Incorporated as a statutory body under the Malaysian Industrial Development Authority (MIDA) Act, MIDA assists companies which intend to invest in the manufacturing and services sectors, as well as facilitates the implementation of their projects.  The wide range of services provided by MIDA include providing information on the opportunities for investments, as well as facilitating companies which are looking for joint venture partners.
  • Headquartered in Malaysia's capital city of Kuala Lumpur, MIDA has established a global network of 24 overseas offices covering Asia, Africa, Europe, US, and Australia to assist investors interested in establishing manufacturing projects and services.
  • For more information visit www.mida.gov.my

MyCorridors – Gateway to prosperity

  • In promoting free trade and business incentives, the government has established five (5) economic growth corridors to further develop Malaysia’s strategic investments regions. Malaysia’s  five corridors had their very own clear and concise visions, focus and own authority to oversee the developments in their specified region.
  • The five economic regions are:
    • Iskandar Malaysia in Southern Johor (IRDA);
    • Northern Corridor Economic Region (NCER);
    •  East Coast Economic Region (ECER);
    • Sabah Development Corridor (SDC); and
    • Sarawak Corridor of Renewable Energy (SCORE).

Corridors

Iskandar Malaysia

NCER

ECER

SDC

SCORE

Authority

Iskandar Region Development Authority (IRDA)

Northern Corridor Implementation Authority (NCIA)

East Coast Economic Region Development Council (ECERDC)

Sabah Economic Development and Investment Authority (Sedia)

Regional Corridor Development Authority (RECODA)

Location/Areas of coverage

State of Johor, Southern Peninsular Malaysia

States of Perlis, Kedah, Penang and Northern Perak

States of Kelantan, Terengganu and Pahang, as well as the district of Mersing in Johor.

Sabah
(East Malaysia)

Sarawak
(East Malaysia)

Focused Sector/
Industry

Education

Financial

Healthcare

ICT & Creative Industries

Logistics
Tourism

Agriculture

Human Capital Development

Infrastucture

Manufacturing

Tourism

Agriculture

Education Manufacturing

Oil & Gas

Petrochemical

Tourism

Agriculture

Green Technology

Human Capital

Infrastructure

Manufacturing

Tourism

Aluminium

Glass

Marine

Engineering

Metal-based

Oil & Gas

Timber-based
Tourism

Aquaculture

Livestock

Palm oil

Tourism

 

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