KUALA LUMPUR: The Ministry of International Trade and Industry’s (MITI) trade and investment mission to Europe ( on 13th October 2021) has brought several European investors who have committed to investing a total of RM14.1 billion in Malaysia.
MITI said in a statement, the trip, led by Minister of International Trade and Industry Datuk Seri Mohamed Azmin Ali, saw good reception of Malaysia’s efforts in driving the environment, social and governance agenda by the European business community,
“Indeed, the mission has brought promising results, with the European investors making a strong commitment to invest a total of RM14.1 billion in Malaysia. The potential foreign direct investment (FDI) from Germany is RM10.7 billion while potential FDIs from France and the United Kingdom are RM2.6 billion and RM800 million respectively.
“Concurrently, an export value of Malaysian products worth RM400 million (RM50 million to Germany, RM300 million to France and RM50 million to the United Kingdom) is expected to materialise in the coming years,” the ministry said.
The ministers identified collaboration opportunities in the areas of Industry 4.0, renewable energy and sustainability, as well as leveraging Malaysia’s position in the Regional Comprehensive Economic Partnership (RCEP) and Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to further expand their footprint in the region, according to MITI.