KUALA LUMPUR (Aug 29): The Malaysian Investment Development Authority (MIDA) will cooperate with Danish-based shipping and logistics company AP Moller-Maersk to position Malaysia as a regional logistics hub in Asean.
MIDA deputy CEO of investment promotion and facilitation Sivasuriyamoorthy Sundara Raja (left) and Maersk MD of Thailand, Malaysia and Singapore Rupesh Jain at the MOU’s signing ceremony on Monday (Aug 29) (Photo by Zahid Izzani Mohd Said/The Edge)
A memorandum of understanding (MOU) was inked between MIDA and Maersk for the purpose, with the pair set to drive high-quality investments into Malaysia and create better synergies and value-added services for customers contributing to the growth and development of the supply chain sector in the Malaysian economy.
During the MOU’s signing ceremony on Monday (Aug 29), MIDA deputy chief executive officer of investment promotion and facilitation Sivasuriyamoorthy Sundara Raja noted that by leveraging upon Maersk’s capabilities in integrated logistics, Malaysia can be transformed into a regional logistics hub in Asean — further boosting infrastructure development and free trade.
“The MOU with Maersk will bring in more targeted global investments into Malaysia through strategic and value-added engagement approaches to multinational companies,” he added.
Additionally, Sivasuriyamoorthy said that the two sides will also build a mutually beneficial eco-system in focus markets to maximise foreign direct investment (FDI) opportunities in Malaysia.
He added that MIDA and Maersk will work to attract high-tech and high-impact investments in sectors — including automotive, electrical and electronics (E&E), machinery and equipment, medical devices, aerospace, renewable energy, and consumer technology.
Maersk managing director of Thailand, Malaysia and Singapore Rupesh Jain noted that one of the company’s key focuses has been creating value for its customers in the geographies it operates in, and noted that this MOU is a strong testament to this.
“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,” he added.
Rupesh added that Maersk is constantly growing its logistics footprint globally to support its customers’ reconfiguration of their respective supply chains to make them more agile, resilient and sustainable after their weaknesses were highlighted during the Covid-19 pandemic.
“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,” he said.
MIDA noted that Maersk commenced its Malaysian operations in 1975 and now employs more than 300 staff with representation in 12 locations throughout Malaysia and warehouse facilities in seven locations with a capacity of up to 68,000 sq m, with more locations and capacity expected to be added in the near future.
Lam Jian Wyn
Izzul Ikram / theedgemarkets.com / August 29, 2022 12:14 pm +08
Source: The Edge Markets website, https://www.theedgemarkets.com/article/mida-teams-maersk-position-malaysia-aseans-regional-logistics-hub, 1 September 2022
You may also like
Race to top 10 pays off for Port Klang
Race to top 10 pays off for Port Klang KUALA LUMPUR (Oct 25): When the government made the bold decision to position Port Klang as the country’s premier maritime gateway in the 1990s, it raised a lot of eyebrows. After all, competing with regional rivals like Singapore and Hong Kong was no small task, and both were already way ahead [...]
25/10/2025
How geopolitics is redrawing the world’s shipping routes
How geopolitics is redrawing the world’s shipping routes Globalisation isn’t dead, but it’s changing course, writes Neil Shearing, group chief economist at Capital Economics, and author of this year’s bestseller The Fractured Age. Commentators have been quick to declare globalisation dead. But, as is so often the case in economics, the reality is more complicated than the headlines suggest. This [...]
25/10/2025
Asia-U.S. container rates rally
Asia-U.S. container rates rally GRIs, less capacity boosts trans-Pacific prices The uncertainty that has marked global ocean shipping so far this year struck again this past week –but that may signal a turn for the better for ocean carriers. Container rates on the eastbound trans-Pacific posted increases, halting steady declines that have challenged lows from 2023. Rates from Asia to [...]
25/10/2025