A.P. Moller-Maersk (Maersk) has signed a Memorandum of Understanding with the Malaysian Investment Development Authority, to drive high-quality investments into Malaysia making it one of the logistics hubs in ASEAN.
The aim is to create better synergies and value-added services for customers and contribute to the growth and development of the supply chain sector in the Malaysian economy.
“Logistics is a cornerstone of Malaysia’s economy. By connecting suppliers to manufacturers and consumers to businesses, we support the growth of various industries. The MOU with Maersk will bring in more targeted global investments into Malaysia through strategic and value-added engagement approaches to multinational companies. By leveraging Maersk’s capabilities in integrated logistics, we can transform Malaysia into a regional logistics hub in ASEAN, further boosting infrastructure development and free trade,” says Sivasuriyamoorthy Sundara Raja, DCEO, Investment Promotion and Facilitation of MIDA.
With the MOU, both parties will work together to attract high-tech and high-impact investments in sectors including automotive, electrical, and electronics (E&E), machinery and equipment, medical devices, aerospace, renewable energy, and consumer technology. Meanwhile, the two sides will build a mutually beneficial ecosystem in focus markets to maximize FDI opportunities in Malaysia.
“With the ambition to provide truly integrated logistics to our customers, this collaboration with MIDA allows us to leverage our strengths and combine with Malaysia’s geographical advantage to mount solutions in the region,” says Rupesh Jain, Managing Director of Maersk – Thailand, Malaysia and Singapore.
“The country’s geostrategic position has made it a natural hub. By further enhancing Maersk’s logistics strength, we will contribute towards the growth and development of Malaysian supply chain sector,” adds Goh Hean Chun, Managing Director, Maersk Malaysia.
Maersk Malaysia commenced its operations in 1975. Today, Maersk employs more than 300 staff with representations in 12 locations throughout Malaysia and warehouse facilities in seven locations with a capacity of up to 68,000 sq metre. More locations and capacity are expected to be added in the near future.
