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Business : MIDA, MEDEF sign MoU to promote investments

Business & Finance

KUALA LUMPUR, Oct 18 -- The Malaysian Investment Development Authority (MIDA) has signed a memorandum of understanding (MoU) with French private business network abroad, MEDEF International, to further encourage, promote and facilitate potential investments and business cooperation.

The signing in Paris was witnessed by Senior Minister and Minister of International Trade and Industry Datuk Seri Mohamed Azmin Ali.

 Underscoring the significance of the MoU, Mohamed Azmin said France has had a long presence in Malaysia’s manufacturing and services sectors.

“Recognising the synergies between the French innovative capabilities and Malaysia’s value proposition, we are confident that there will be more French investors, investing particularly within high value and high technology fields such as transport equipment (aerospace) as well as machinery and eq

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