MIDA says approved RM9.7b E&E investments last year

MIDA Deputy Chief Executive Officer II Arham Abd. Rahman (left) and President of SEMI Southeast Asia Ng Kai Fai speaking at a press conference in Kuala Lumpur, April 10, 2018. — Picture by Zuraneeza Zulkifli
MIDA Deputy Chief Executive Officer II Arham Abd. Rahman (left) and President of SEMI Southeast Asia Ng Kai Fai speaking at a press conference in Kuala Lumpur, April 10, 2018. — Picture by Zuraneeza Zulkifli

KUALA LUMPUR, April 10 — Malaysia recorded 109 electrical and electronics (E&E) sector projects with a total approved investment value of RM9.7 billion in 2017, according to the Malaysian Investment Development Authority (MIDA).

MIDA deputy chief executive officer Arham Abdul Rahman said the investments drove new business growth and provided 10,593 job opportunities.

“The E&E industry continues to be significant driver of growth for Malaysia due to its cross-cutting linkages to other industries such as the machinery and equipment, transport, and medical devices,” he said at the pre-event media conference for SEMICON Southeast Asia 2018 today.

President of Semiconductor Equipment and Materials International (SEMI) Southeast Asia Ng Kai Fai said the region is set to generate around US$382 billion in E&E exports this year.

“With rapid expansion and robust progress of the E&E sector across Southeast Asia, the region’s electronics value chain is poised to capitalise on opportunities in vertical markets including automotive technology and Industry 4.0,” Ng added.

SEMICON Southeast Asia 2018 will be held at the Malaysia International Trade and Exhibition Centre (MITEC) from May 8 to 10.

The event will feature a technical conference to highlight the latest developments and outlook for the sector.

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