The Malaysian Investment Development Authority (MIDA) and global banking subsidiary MUFG Bank (Malaysia) Berhad announced last Thursday a ground-breaking partnership to accelerate 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 marks a significant milestone in Malaysia’s journey towards becoming a leading innovation hub in Southeast Asia.
The collaboration comes at a crucial time for Malaysia’s economic transformation in light of the recent 13th Malaysia Plan announced in previous week.
The Chief Executive Officer (CEO) of MIDA, Sikh Shamsul Ibrahim Sikh Abdul Majid, emphasized the partnership’s role in strengthening Malaysia-Japan economic ties.
“We are pleased to formalize our partnership with MUFG Bank (Malaysia) through this MOU, which aims to further 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 noted by leveraging their extensive business networks and ecosystems, they seek to foster joint ventures and strategic partnerships between Malaysian and Japanese companies.
“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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