The Malaysian Investment Development Authority (MIDA) recorded 111 potential business projects worth RM4.1 billion in the areas of green technology for the manufacturing and services sector at the 9th International Greentech & Eco Products Exhibition and Conference Malaysia (IGEM 2018) that was held at the Kuala Lumpur Convention Centre, last month.
According to the Chief Executive Officer of MIDA, Dato' Azman Mahmud, "Of the total, RM3.7 billion will be in the services sector while the rest are investments in manufacturing projects. We are excited to share that from the total, MIDA has secured 18 projects with investments of RM557 million mainly in the areas of renewable energy from solar and biogas, energy efficiency (EE), green building and green services.”
This follows the encouraging trend of investment leads received throughout MIDA’s participation in IGEM since 2014.
As the strategic partner of IGEM 2018, MIDA was involved in various programmes including business consultations, four sessions of 'Pocket Talks', a forum on Green Financing, a Financial Industry dialogue and an Energy Efficiency townhall.
IGEM is the biggest flagship event organised annually by the Ministry of Energy, Science, Technology, Environment & Climate Change (MESTECC) to create a platform for solution providers and green energy businesses to tap into the fast expanding ASEAN market by showcasing the latest innovations to policy makers, government organisations, investors and the mass market.
“MIDA will continue to collaborate with MESTECC to engage and participate in IGEM as it is a good platform for MIDA to connect with our stakeholders towards encouraging more investments in green projects. This is in line with the green initiatives driven by MESTECC to meet Malaysia’s aspirations for sustainable growth,” said the CEO of MIDA.
