Thursday 28 Mar 2024
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KUALA LUMPUR (Jan 16): The Malaysian Investment Development Authority (MIDA) has approved projects with the European Union (EU)'s participation worth RM3.1 billion between January and September 2019.

In a statement, the authority said it had approved a total of 34 manufacturing projects with EU participation, and that these projects are expected to create 2,782 job opportunities.

As of September 2019, MIDA has approved 2,366 manufacturing projects with EU country participation worth RM131.4 billion — with these projects creating 271,712 job opportunities.

"Major European companies that have operations in Malaysia include ST Microelectronics, Infineon, Acerinox, Saint Gobain, Dyson Manufacturing, Novartis, Osram Opto Semiconductors, Aker Solution, and B.Braun Medical," explained MIDA.

It also hosted a networking event with EU chambers, associations and embassies on Tuesday (Jan 14) with 40 representatives from Austria, Belgium, Czech Republic, France, Italy, Ireland, Germany, Norway, United Kingdom, The Netherlands, Russia, Sweden, Switzerland and Spain in attendance.

MIDA chief executive officer Datuk Azman Mahmud hailed the reception as a success, and said the next networking event will be organised soon with the chambers and associations from the Americas, Oceania and the Asia-Pacific region.

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