A.P. Moller-Maersk recently signed a Memorandum of Understanding (MOU) with the Malaysian Investment Development Authority (MIDA), driving high-quality investments into Malaysia as one of the logistics hubs in ASEAN to provide better synergies and value-added services for customers and contributing to the growth and development of the supply chain sector in the Malaysian economy.
“As our customers are reconfiguring their supply chains to make them more agile, resilient & sustainable, Maersk is constantly growing our logistics footprints globally to support this transformation for our customers. With the ambition to provide truly integrated logistics to our customers, this collaboration with MIDA allows us to leverage our strengths and combine with Malaysia’s geographical advantage to mount solutions in the region,” said Mr Rupesh Jain, Managing Director of Maersk – Thailand, Malaysia, and Singapore at the MIDA Headquarters in Kuala Lumpur.
The MOU was signed by Mr Sivasuriyamoorthy Sundara Raja, Deputy Chief Executive Officer (DCEO), Investment Promotion and Facilitation of MIDA, and Mr Rupesh Jain, Managing Director of Maersk – Thailand, Malaysia, and Singapore.
“Logistics is a cornerstone of Malaysia’s economy. By connecting suppliers to manufacturers and consumers to businesses, we support the growth of various industries. I applaud Maersk for its continuous efforts in taking the lead on initiatives to uplift the logistics industry. The MOU with Maersk will bring in more targeted global investments into Malaysia through a strategic and value-added engagement approach to multinational companies. By leveraging Maersk’s capabilities in integrated logistics, we can transform Malaysia into a regional logistics hub in ASEAN, further boosting infrastructure development and free trade,” said Mr Raja, DCEO, Investment Promotion and Facilitation of MIDA.
Both partners will work together to attract high-tech and high-impact investments in sectors including automotive, electrical and electronics (E&E), machinery and equipment, medical devices, aerospace technology, renewable energy, and consumer technology. Meanwhile, the two parties will build a mutually beneficial ecosystem in focused markets to maximize FDI opportunities in Malaysia. “One of Maersk’s key focuses has been creating value for our customers in the geographies that we operate in. This MOU is a strong testament, and we expect that through our cooperation with MIDA, we can help position Malaysia as an attractive investment destination for potential investors. The country’s geostrategic position has made it a natural hub. By further enhancing Maersk’s logistics strength, we will contribute towards the growth and development of the Malaysian supply chain sector,” said Mr Goh Hean Chun, Managing Director of Maersk Malaysia.
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