The government has rolled out seven strategic initiatives to attract more global technology and industrial companies to invest in Malaysia, reinforcing the country’s position as a regional hub for high-tech investments.
Investment, Trade and Industry Minister Datuk Seri Johari Abdul Ghani said the initiatives, led by the Ministry of Investment, Trade and Industry (MITI) and the Malaysian Investment Development Authority (MIDA), focus on attracting high-quality, high-technology and innovation-driven investments.
He said the key measures include implementing national policies such as the New Industrial Master Plan 2030 (NIMP 2030) and the National Energy Transition Roadmap (NETR), alongside sector-specific strategies including the National Semiconductor Strategy (NSS), Green Investment Strategy (GIS), Chemical Industry Roadmap 2030 (CIR) and Steel Industry Roadmap 2035 (SIR2035).
Johari said the government is also intensifying targeted trade and investment missions led by Prime Minister Datuk Seri Anwar Ibrahim, himself and ministry representatives to strategic markets to promote Malaysia and attract multinational companies.
He added that initiatives such as the Ecosystem-Based Mission (EBM) and Strike Force have been introduced to identify, facilitate and accelerate high-potential investment opportunities.
To drive higher-value investments, Johari said the government has introduced the New Incentive Framework (NIF), which encourages projects involving technology transfer, research, development and innovation (R&D&I), as well as Industry 4.0 adoption.
He said efforts are also underway to strengthen Malaysia’s industrial ecosystem and domestic supply chain by developing local vendors, enhancing enterprise capabilities and integrating Malaysian companies into global supply chains.
“An integrated and competitive industrial ecosystem enables global technology companies to source components, services and skilled talent locally,” he said in a written parliamentary reply.
Johari added that MITI and MIDA are ramping up strategic media campaigns and international promotion through MIDA’s overseas offices to strengthen Malaysia’s branding as a competitive, stable and investor-friendly destination.
He said investor facilitation has also been enhanced through the digitalisation of manufacturing licence, tax incentive and grant applications via the InvestMalaysia Portal, while the Malaysia Investment Facilitation Centre (IMFC) at MIDA brings together multiple ministries and agencies under one roof to expedite investment projects.
In addition, the Project Implementation and Facilitation Office (TRACK) coordinates project execution with federal, state and local authorities while monitoring progress in real time through the On-TRACK system.
