Malaysia remains a preferred investment destination for Italian companies, envoy says | Malay Mail

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Malaysia remains a preferred investment destination for Italian companies, envoy says

01 July 2019

Italian Ambassador to Malaysia, Cristiano Maggipinto, said this is evident in the growing number of Italian companies making Malaysia their hub over the past five years, from a mere 50 to the current 108 companies, he added. He said good infrastructure and connectivity, a highly skilled workforce, low cost of living and the wide use of English language are also among the factors that attracted Italian companies to expand in Malaysia.

The company has also established the Leonardo Helicopter Training Academy Malaysia in Subang, Selangor, in 2012, providing training needs for customers across the region. Meanwhile, Malaysian exports to Italy in the same year amounted to over €1.1 billion, where a fourth of its export consists of agricultural products, particularly palm oil.

“For instance, our Deputy Minister of Foreign Affairs Manlio Di Stefano had visited Malaysia in December last year where he had met with his counterpart and also Deputy Minister of Defence,” he said.

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