Mida exploring new investments post-Covid-19, says senior minister | Malay Mail

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ISKANDAR PUTERI, July 5 — The Malaysian Investment Development Authority (Mida) is looking into attracting investments in new and high technology areas post-Covid-19. Senior Minister cum International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali said that this can be achieved with...

Datuk Seri Azmin Ali Datuk Seri Mohamed Azmin Ali said Mida is looking into attracting investments in new and high technology areas post-Covid-19. — Picture by Shafwan Zaidon

Senior Minister cum International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali said that this can be achieved with Malaysia’s strong value propositions, including political stability under Prime Minister Tan Sri Muhyiddin Yassin’s administration, well-developed infrastructure and numerous incentives for potential investors.

Mohamed Azmin said that although the competition is currently rather intense as many countries are vying for investments post-Covid-19, he is optimistic that Mida will be able to explore numerous investment potentials, including the ones resulting from the United States-China trade war. On his working trip to Johor, he said the ministry has received feedback from industry players, urging the Federal and state government to streamline the standard operating procedures to be able to address any crisis in the future.

 

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