MIDA, DHL Join Hands To Make Malaysia Investment Hub For MNC Companies

The Malaysian Investment Development Authority (MIDA) and DHL Express exchanged Memorandum Of Understanding (MoU) witnessed by YB Dr Ong Kian Ming, Deputy International Trade and Industy Minister at the “Investment Opportunities in the E-Commerce Fulfillment Industry Seminar 2019” held at the Ministry of International Trade and Industry in Kuala Lumpur today.

The collaboration is an initiative to attract DHL’s potential MNC clients to look at Malaysia as an investment destination either for relocation or centralise their operational function (regional operations) as well as business operations.

Julian Neo, Managing Director, DHL Express Malaysia and Brunei said: “As the world’s leading express logistics service provider with a global network comprising more than 220 countries and territories. DHL Express has been a leading advocate of international trade and a champion of globalisation for the growth and prosperity it brings. Naturally, DHL Express Malaysia’s commitment to support MIDA is very much aligned to this ethos.

“With a stable and growing economy, and a robust infrastructure, there is a lot that Malaysia can offer foreign companies as the country progresses toward the fourth industrial revolution (Industry 4.0).”

YB Ong who launched the seminar, said: “In light of the projected double-digit growth of e-Commerce in the region, Malaysia is ready to take part in transforming the existing digital landscape into a bright digital future. The government through MIDA has expanded the logistics incentive scheme by introducing the second round Integrated Logistics Services (ILS) incentive to encourage logistics companies to adopt technology in their operations and to position themselves as regional e-Fulfillment hub providers in Malaysia.From 2017 until March 2019, MIDA has approved eight e-Fulfillment projects in which seven of these projects are locally owned.”

He also urged local logistics players to gear up and take advantage of the huge opportunities available. “Companies need to invest and adopt cutting-edge technologies and explore potentially disruptive technologies to create new ways of business, as well as to lower cost while enhancing overall efficiency.”

The seminar, which was an initiative of the National e-Commerce Council (NeCC), was organised by MIDA in collaboration with MITI and the Malaysian Digital Economy Corporation (MDeC). It aims to position Malaysia as an “E-Fulfillment Hub”, focusing on leveraging greater integration across the industry to support its rapid growth in the country.

 

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