Japanese firms’ RM23 bln investment plans reflect confidence in Malaysia’s biz ecosystem

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“As we focus on high technology, innovation, and sustainable industries, including the electric vehicle ecosystem, we aim to create vast opportunities for growth.' theSun theSundaily investment Japanese LocalNews

: The RM23.07 billion worth of potential Japanese investments clinched during the recent trade and investment mission reflect the confidence that global companies have in Malaysia’s business ecosystem, according to the Malaysian Investment Development Authority .

“We are committed to fostering strong partnerships and driving sustainable growth, propelling Malaysia’s position as a preferred investment destination,” he said in a statement. Mida said NHK Spring, a key player in integrated metal substrates, will expand production in Negeri Sembilan to meet the soaring demand for these substrates, which are essential for the electrification of automobiles.

The expansion further solidifies NHK Spring’s role in metal-based printed wiring board manufacturing and enhances Malaysia’s position in the global supply chain, Mida said. Meanwhile, Japan Petroleum Exploration Company Ltd is collaborating with Petroliam Nasional Bhd on carbon capture and storage opportunities, including the exploration of suitable carbon dioxide storage solutions in Malaysia.

“Mida will continue to actively promote investment opportunities and provide comprehensive support,” said Arham.

 

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