The Malaysian Investment Development Authority (MIDA) has launched new funding facilitation to spur industrial growth and foster economic development the Domestic Investment Accelerator Fund (DIAF), the MADANI Smart Automation Grant (SAG MADANI), and the Foreign Investment Accelerator Fund.
DIAF and SAG MADANI have been strategically designed to offer a variety of tailored solutions that assist in the development of high-value economic activities for local manufacturers and service providers. They also encourage our local businesses to upgrade their capabilities and expand their scope of operations, aligning with Malaysia’s commitment to fostering innovation, automation, digitalisation, and the adoption of sustainable ESG practices.
FIAF is tailored for Multinational companies (MNC) operating in Malaysia to facilitate the seamless transfer of cutting-edge know-how within the high-technology sector through research and development (R&D) initiatives and comprehensive training activities. This strategic approach is poised to nurture a highly skilled and high-income local workforce while preserving Malaysia’s competitiveness in an evolving global industrial landscape.
Minister of Investment, Trade and Industry Senator Tengku Datuk Seri Utama Zafrul Aziz, emphasised, “The realisation of the New Industrial Master Plan 2030’s vision to transform Malaysia’s industry – characterised by innovation, technology, and economic complexity – requires strong enablers, one of which is funding. To that end, MIDA’s newly launched funds are among the first concrete steps to support our industries in upgrading their capacity for higher-value economic activities and facilitating knowledge transfer from foreign investors to domestic companies. By nurturing local talent, fostering partnerships, and promoting technological advancement, we are not just catalysing sustainable economic growth; we are also setting the stage for Malaysia to be at the forefront of the global industrial landscape by 2030 and beyond, as well as ensuring the prosperity of our companies and our people.”
