Last Thursday, the Malaysian Investment Development Authority (MIDA) and MUFG Bank (Malaysia) Berhad, a branch of a global bank, announced a new partnership to boost high-value investments in Malaysia.
The memorandum of understanding (MoU) agreement focuses on attracting global investment in semiconductors, specialty chemicals, aerospace, pharmaceuticals, medical devices, electric vehicles, digital sectors, and green technology, the duo said in a statement on last Friday.
This partnership is an important step in Malaysia’s goal to become a top innovation hub in Southeast Asia.
It comes at a key time, as Malaysia works on its economic transformation following the release of the 13th Malaysia Plan last week.
MIDA’s CEO, Sikh Shamsul Ibrahim Sikh Abdul Majid, highlighted that the collaboration will also help strengthen economic ties between Malaysia and Japan.
“We are pleased to formalize our partnership with MUFG Bank (Malaysia) through this MOU, which aims to strengthen and deepen Malaysia-Japan economic collaboration,” he said.
According to him, this strategic alliance will actively promote investment opportunities in high-value and competitive sectors by facilitating bilateral investments.
He said that by using their wide business networks and ecosystems, they aim to encourage joint ventures and strategic partnerships between companies in Malaysia and Japan.
“We will also work together to position Malaysia as a welcoming destination for Japanese investors, including through events and outreach activities that support mutual engagement,
“This MOU is a milestone in enhancing the economic ties between Malaysia and Japan, reinforcing our commitment to sustainable industrial growth and bilateral prosperity,” he further added,” he added.
Motohide Okuda, CEO and Country Head of MUFG Malaysia, said MUFG is honored to mark this significant milestone with MIDA.
According to him, this MoU reflects a shared vision to support Malaysia’s economic growth by leveraging on their global network to promote high quality inbound investments from our global and Japanese corporates and further contribute to the sustainable development and long-term success of Malaysia.
“We are especially grateful to MIDA for its continuous support and proactive engagement through other MUFG platforms such as MUFG N0W (Net Zero World), which was held in Sarawak on March 20, 2025, and MUFG’s Semiconductor Seminar in Penang,
“Its insights have been instrumental in helping businesses understand Malaysia’s evolving investment landscape and exemplify how public-private collaboration can drive inclusive growth and build a resilient, future-ready economy aligned to national priorities,” he added.
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