The Malaysian Investment Development Authority (MIDA), the government’s principal agency for the promotion of the manufacturing and services sectors highlights Malaysia’s latest top ranking in the 2024 Global Opportunity Index (GOI). Released by the US-based economic think tank Milken Institute, the GOI identifies Malaysia as the top investment hub among developing and rapidly developing nations in Asia.
Malaysia secures the 27th spot in the GOI, surpassing regional counterparts Thailand and China, with notable strengths in its institutional framework and across economic, financial, and regulatory domains. Malaysia’s high ranking in the GOI underscores its attractiveness to investors, boasting a lower-risk investment landscape compared to its peers. Notably excelling in categories such as Business Perception, Financial Services, and Institutional Framework, Malaysia stands out for its robust investor rights and conducive business environment, attributes fostered by MIDA’s strategic initiatives.
The achievement reflects concerted efforts by the government, led by the Ministry of Investment, Trade, and Industry, with MIDA playing a pivotal role in enhancing the ease of doing business and facilitating investments nationwide. Recent successful ventures in 2024, including Prime Minister Datuk Seri Anwar Ibrahim’s productive visits to Germany and Australia, further cement Malaysia’s reputation as a skilled player in the global investment arena, with prospective investments totaling MYR 45.4 billion (USD 9.5 billion) and MYR 24.5 billion (USD 5 billion), respectively.
(Sources: New Straits Times; Business Today)
