KUALA LUMPUR, Oct 16 (Bernama) -- The Malaysian Investment Development Authority (MIDA), the nation’s principal investment promotion agency, and Maybank, Malaysia’s largest bank, have formalised a strategic partnership through a Memorandum of Understanding (MOU) to jointly promote Malaysia as a premier global investment destination. Under this collaboration, MIDA will harness its investment facilitation expertise and policy coordination role, while Maybank will leverage its financial advisory experience and regional reach to channel both domestic and foreign capital into Malaysia’s high growth sectors.
The MOU exchange was witnessed by YB Datuk Seri Johari Abdul Ghani, Minister of Plantation Industries and Commodities, and Acting Minister of Natural Resources and Environmental Sustainability, during the International Greentech & Eco Products Exhibition & Conference Malaysia (IGEM) 2025 at the Kuala Lumpur Convention Centre.
Together, MIDA and Maybank will lead a series of targeted promotional programmes – including investment missions, business roundtables, and strategic marketing campaigns to attract high-value and transformative investments to Malaysia. Focus areas include the electrical and electronics (E&E) industry, digital economy, electric vehicle (EV) ecosystem, healthcare, and petrochemical.
These initiatives are aligned with national frameworks such as the New Industrial Master Plan 2030 (NIMP), National Energy Transition Roadmap (NETR), National Semiconductor Strategy (NSS), New Investment Incentive Framework (NIIF), and Green Investment Strategy (GIS), as well as state-level developments including the Johor-Singapore Special Economic Zone (JSSEZ).
Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA, said, “Financial institutions are the connective tissue between capital and opportunity. Maybank's deep roots in ASEAN and its strong global presence make it an ideal partner to position Malaysia not just as a destination for investment, but as a launchpad for regional expansion. Through this partnership, MIDA will continue to provide end-to-end facilitation - from regulatory guidance to aftercare support - helping investors establish. scale and succeed with confidence in Malaysia. Together, we aim to deliver what investors value most: stability, connectivity, and a clear path to growth.”
Dato’ Sri Khairussaleh Ramli, President and Group Chief Executive Officer of Maybank said, “The MOU signing between Maybank and MIDA is timely, coming on the heels of Budget 2026 which sets the stage for attracting investments to achieve key economic targets under the 13th Malaysia Plan.”
Dato’ Sri Khairussaleh added, “As Malaysia’s largest bank and a leading institution in ASEAN that serves a wide spectrum of clients, we are more than a lender. Through our partnership with MIDA, we also aim to position Malaysia as a global Halal economy leader, to drive sustainability and strengthen the domestic ecosystem by connecting SMEs to global supply chains and opportunities in AI and the new economy.”
This MOU underscores a shared commitment to enhancing Malaysia’s global competitiveness and contributing to ASEAN’s economic resilience and sustainable growth.
About MIDA
The Malaysian Investment Development Authority (MIDA) is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. With Headquarters in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.
About Maybank
Maybank is among Asia's leading financial groups and Southeast Asia’s fourth largest bank by asset with close to 44,000 employees worldwide. The Group has an international network of 2,600 offices in 18 countries including all 10 ASEAN markets and also present in international financial centres such as London, New York, Hong Kong and Dubai. With a purpose of Humanising Financial Services and guided by its M25+ strategy, Maybank provides an array of values-based solutions established on sustainable and ethical principles to meet its customers evolving needs. This extensive range of products and services, include consumer and corporate banking, investment banking, Islamic banking, stockbroking, insurance and takaful, wealth management and asset management. (www.maybank.com)
SOURCE: Malaysian Investment Development Authority (MIDA)
FOR MORE INFORMATION, PLEASE CONTACT:
MIDA
Name: Mr. Awangku Fiarulnazri Awang Tajudin
Head of Section,
Corporate Strategy and Revenue Management Section
Tel: +603-2267 6682
Email: awangku@mida.gov.my
Maybank
Group Corporate Affairs
Name: Ms. Izlyn Ramli
Tel: +60 19 200 0248
Email: corporateaffairs@maybank.com
Group Global Banking
Name: Ms. Noelle Lim
Tel: +65 9233 4794
Email: noelle.lim@maybank.com
--BERNAMA