Official MOU Signing of DHL & Malaysian Investment Development Authority (MIDA)
DHL Express, the world’s leading international express service provider, and the Malaysian Investment Development Authority (MIDA) have entered into a Memorandum of Understanding (MOU), to strengthen the country’s position as an ideal destination for foreign direct investment (FDI). The partnership aims to consolidate further the contribution of the supply chain industry toward national economic growth.
The MOU was formalized today by Sivasuriyamoorthy Sundara Raja, Deputy Chief Executive Officer of Investment Promotion and Facilitation of MIDA, and Julian Neo, Managing Director of DHL Express Malaysia and Brunei. YBhg. Tan Sri Dato’ Seri Dr. Sulaiman Mahbob, Chairman of MIDA was also present as the witness of the ceremony.
YBhg. Tan Sri Dato’ Seri Dr. Sulaiman Mahbob, Chairman of MIDA said, “Despite the unexpected challenges that our initial formalized MOU in 2019 encountered with the advent of the COVID-19 pandemic, today’s signing ceremony reaffirms our commitment to strengthening the robust partnership between MIDA and DHL Express Malaysia. With this new agreement, we are confident that Malaysia will continue to shine brightly as the preferred investment destination for global investors, further solidifying our nation’s position as a beacon of stability, progress, and prosperity in the region and beyond.”
“Our stakeholders can also look out for more focused, specific seminars on targeted industries, particularly in key sectors such as green technology, oil, and energy, manufacturing, aerospace, e-commerce, as well as global and regional distribution centres. We are hopeful that this strong private and public partnership will help solidify our investors’ confidence and broaden business opportunities. Essentially, ensuring that there is a continuous sustainable stream of quality investment activities in the country in line with our nation’s New Investment Policy.” he added.
The agreement builds on a longstanding partnership, leveraging DHL Express’ global network and local expertise to attract multinational companies to enter and expand in Malaysia. Both parties are set to intensify joint efforts to drive overseas inflows of capital, infrastructure, and knowledge to develop key priority sectors. These include electrical and electronics, pharmaceutical, digital economy, aerospace, and chemicals.