Malaysian Investment Development Authority (MIDA) has secured MYR 7.3 billion ($1.73 billion) potential green investments at IGEM 2025, positioning Malaysia As Southeast Asia’s clean energy hub.
The authority said in a statement on Tuesday that the MYR 7.3 billion proposed green technology investments represent just the beginning of Malaysia’s green economic transformation.
With data centers seeking sustainable power solutions, manufacturers requiring clean energy for environmental, social, and governance (ESG) compliance, and global corporations establishing regional green hubs, it said Malaysia is poised to become the premier hub of green energy.
“IGEM 2025 marks a pivotal moment in Malaysia’s economic transformation,
“The MADANI Economy Framework, the New Industrial Master Plan 2030, the National Energy Transition Roadmap, and the Green Investment Strategy – they’re Malaysia’s blueprint for capturing the $1 trillion Asian green economy,” stated Sikh Shamsul Ibrahim Sikh Abdul Majid, MIDA’s Chief Executive Officer.
“The MYR 7.3 billion potential green investments we’ve generated demonstrates that global capital recognizes what we’re building: a sustainable industrial ecosystem that creates value for investors while delivering prosperity for all Malaysians,
“This is how we turn net-zero ambitions into net-positive growth,” he added.
It is noted that MIDA’s Biz Bridge initiative, co-organized with the Malaysian Photovoltaic and Sustainable Energy Industry Association (MPSEA), proved instrumental in connecting green energy suppliers and demand offtakers.
The platform facilitated meaningful connections between 15 demand-side and 14 supply-side participants, creating a robust marketplace for renewable energy generation and sustainable industrial development.
Malaysian Photovoltaic and Sustainable Energy Industry Association (MPSEA) President Justin Sim highlighted the importance of such partnerships.
“As Malaysia and the region advance towards a clean energy transition, collaboration is key,
“Biz Bridge provides a valuable platform for industry players to forge partnerships that accelerate the deployment of green technologies, attract sustainable investments, and position Malaysia as a leading clean energy hub in ASEAN,” he added.
Reinforcing its role as the nation’s principal investment promotion agency, MIDA has also formalized a memorandum of understanding (MoU) with Malayan Banking Berhad (Maybank) to promote Malaysia as a preferred destination for high-value and sustainable investments.
This collaboration leverages both organizations’ networks, expertise, and resources to attract quality investments that advance the adoption of green technology, ESG practices, and Industry 4.0 solutions.
Running throughout IGEM 2025, MIDA has displayed its role and functions to potential green investors through the following pillars: green investment strategy aligned with the national green policies such as NETR & NIMP2030; green investment promotion under the Green Investment Strategy (GIS) for seven strategic levers; green investment incentives such as Green Investment Tax Allowance (GITA) & Green Income Tax Exemption (GITE); facilitation of investors through a seamless investor journey.
MIDA and MUFG Bank partner to drive Malaysia’s innovation economy