Kuala lumpur: The Malaysian Investment Development Authority (MIDA) and Maybank have entered into a partnership to promote Malaysia as a premier global investment destination.
According to BERNAMA News Agency, MIDA chief executive officer (CEO) Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid expressed that financial institutions play a crucial role in connecting capital and opportunity. He emphasized that Maybank’s extensive presence in ASEAN and globally positions it as an ideal partner to enhance Malaysia’s appeal as an investment destination and a launchpad for regional expansion. The partnership aims to provide comprehensive support to investors, offering regulatory guidance and aftercare assistance to help them establish and expand their ventures in Malaysia.
MIDA highlighted that as the nation’s principal investment promotion agency, it will utilize its expertise in investment facilitation and policy coordination. Meanwhile, Maybank will leverage its financial advisory skills and regional influence to attract both domestic and foreign capital into Malaysia’s high-growth sectors. The strategic partnership will focus on organizing targeted promotional activities, such as investment missions, business roundtables, and marketing campaigns, to draw high-value investments to the country.
The collaboration between MIDA and Maybank will prioritize sectors such as the electrical and electronics industry, digital economy, electric vehicle ecosystem, healthcare, and petrochemicals. Maybank president and group CEO Datuk Seri Khairussaleh Ramli noted the timeliness of the memorandum of understanding with MIDA, aligning with Budget 2026’s goals to attract investments and achieve economic targets under the 13th Malaysia Plan.
As Malaysia’s largest bank, Maybank aims to go beyond its role as a lender through its partnership with MIDA. The collaboration seeks to position Malaysia as a leader in the global halal economy, promote sustainability, and strengthen the domestic ecosystem by connecting small and medium enterprises to global supply chains and opportunities in artificial intelligence and the new economy.