MIDA and Maersk enter into strategic partnership to promote investments in Malaysia

A.P. Moller-Maersk (Maersk) has signed a Memorandum of Understanding (MOU) with the Malaysian Investment Development Authority (MIDA), to drive high-quality investments into Malaysia as one of the logistics hubs in ASEAN, creating better synergies and value-added services for customers, and contributing to the growth and development of the supply chain sector in the Malaysian economy.

The MOU has been signed by Sivasuriyamoorthy Sundara Raja, Deputy Chief Executive Officer (DCEO), Investment Promotion and Facilitation of MIDA and Rupesh Jain, Managing Director of Maersk – Thailand, Malaysia and Singapore today at MIDA Headquarters in Kuala Lumpur.
Both parties will work together to attract high-tech and high impact investments in sectors including automotive, electrical and electronics (E&E), machinery and equipment, medical devices, aerospace, renewable energy, and consumer technology. Meanwhile, the two sides will build a mutually beneficial eco-system in focus markets to maximize FDI opportunities into Malaysia.

Sivasuriyamoorthy Sundara Raja, Deputy Chief Executive Officer, Investment Promotion and Facilitation of MIDA and Rupesh Jain, Managing Director of Maersk Thailand, Malaysia and Singapore sign the MOU.

Maersk Malaysia commenced its operations in 1975. Today, Maersk employs more than 300 staff with representations in 12 locations throughout Malaysia and warehouse facilities in seven locations with a capacity of up to 68,000 sq metre. More locations and capacity are expected to be added in the near future.
Source: Maersk