KUALA LUMPUR: The Malaysian Investment Development Authority (MIDA) has recorded 111 potential business projects worth RM4.1 billion from its recent participation in the ninth International Greentech & Eco Products Exhibition and Conference Malaysia (IGEM 2018).
Chief Executive Officer Datuk Azman Mahmud said of the total, RM3.7 billion was in the services sector while the rest was in manufacturing projects.
“We are excited to share that from the total, MIDA has secured 18 projects with investments of RM557 million mainly in the areas of renewable energy from solar and biogas, energy efficiency, green building and green services,” he said in a statement today.
The RM4.1 billion in investment leads represented a drop from the RM5.19 million achieved at last year’s IGEM.
Azman said as the strategic partner of IGEM 2018, MIDA was involved in various programmes, including business consultations, four sessions of ‘Pocket Talks’, a forum on green financing, a financial industry dialogue and an energy efficiency townhall.
“IGEM is the biggest flagship event organised annually by the Ministry of Energy, Science, Technology, Environment and Climate Change (MESTECC) to create a platform for solution providers and green energy businesses to tap into the fast-expanding ASEAN market by showcasing the latest innovations to policy makers, government organisations, investors and the mass market.
“MIDA will continue to collaborate with MESTECC to engage and participate in IGEM, as it is a good platform for MIDA to connect with our stakeholders towards encouraging more investments in green projects. This is in line with the green initiatives driven by MESTECC to meet Malaysia’s aspirations for sustainable growth,” he added.