HSBC, MIDA renew partnership to attract more global investments
HSBC Malaysia and the Malaysian Investment Development Authority (MIDA) today renewed its Memorandum of Understanding (MOU), reaffirming the strong partnership between both organisations to attract more global investments into Malaysia and to further facilitate the establishment and expansion of multinational corporations in the country.
The MOU focuses on revitalising and reforming Malaysia’s economy during and post-COVID-19 by maximising potential FDI opportunities into Malaysia, particularly in the manufacturing sector, namely the electrical and electronics, chemical, machinery and equipment, aerospace and medical devices industries. Despite the pandemic, these industries continue to play a critical role in propelling Malaysia towards strategic diversification to increase competitiveness, by focusing on complex, knowledge-intensive and high-end products and services.
