MITI: Potential Investments of RM1.45 Investments from Japan

The Ministry of Investment, Trade and Industry (MITI) successfully captured RM1.45 billion of potential investments and RM550 million of potential exports from meetings with Japanese companies in conjunction with the Honourable Prime Minister Dato’ Sri Anwar Ibrahim’s working visit to Japan from 22 to 24 May 2024.

The meetings were led by the Honourable Prime Minister himself, accompanied by YB Tengku Datuk Seri Utama Zafrul Aziz, Minister of Investment, Trade and Industry. Several of the projects will be implemented within a three-year time horizon and will help Malaysia create a strong eco-system in the semiconductor, renewable energy and green technology.

Selangor Journal | South Korea, Japan can assist Asean in boosting economy, address climate change — PM Anwar https://t.co/ZaOtbenu64 pic.twitter.com/1PZ8iwQ4YI

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Japan: Potential Investments

A few of these projects are key towards achieving Malaysia’s carbon-neutrality target by 2050. The companies met were IHI Corporation, Nisshin Oillio Group, Tokuyama Corporation, Sumitomo Corporation, ENEOS Holdings, Mitsubishi Corporation and Tokyo Gas.

Tengku Zafrul said, “Such projects reflect the Japanese investors’ continued confidence in Malaysia’s industrial landscape, which is undergoing key transformative initiatives as outlined in the New Industrial Masterplan (NIMP) 2030 and the National Energy Transition Roadmap (NETR).