KUALA LUMPUR, Dec 8 (Bernama) — Cyberview Sdn. Bhd. (Cyberview) today signed a Memorandum of Understanding (MOU) with the Malaysian Investment Development Authority (MIDA) to leverage each other’s capabilities and strength in capitalising domestic direct investment (DDI) and foreign direct investment (FDI) opportunities in Malaysia as their choice location for high and deep technology projects.
Dato’ Azman Mahmud, Chief Executive Officer of MIDA, says that the collaboration in attracting quality investment augurs well for the country’s economy as the market looks to get back in shape post the COVID-19 pandemic. “MIDA seeks to not only promote the development of our industrial ecosystems but also to ensure that the enablers are in place. This includes having the right infrastructure and facilities in place to cater to the requirements of businesses, particularly as we weather this pandemic. This MOU with Cyberview is undoubtedly a step towards this goal. As announced in Budget 2021, Malaysia is seeking to drive more investments in the fields of R&D, Global Trading Centre and Principal Hub. MIDA is optimistic that through this MOU, we will be able to facilitate our investors better as Cyberjaya could potentially be the ideal location for these investments given its well-equipped infrastructure and connectivity, comprehensive smart city masterplan and close radius to public and private universities supplying knowledge workers. We trust that it will translate more quality investments coming into Malaysia, particularly within the technology sphere.”