PETALING JAYA: The recent ministerial delegation to Italy, led by International Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz from Jan 20-23, 2023, has attracted potential foreign direct investment (FDI) worth RM3.25bil.
In a statement, the Malaysian Investment Development Authority said the FDI, which is expected to be realised from 2023 onwards, was due to Malaysia’s strategic location as a gateway to Asean and the Asia-Pacific region.
The Italian companies had expressed their interest to invest in various fields, including the chemical industry, green technologies, e-Economy, smart technologies and Industrial Revolution 4.0 value chains.
During the visit, the minister engaged with business leaders and potential investors via one-on-one business meetings. — Bernama