During the Invest Malaysia 2019, Prime Minister Tun Dr. Mahathir Mohamad stated that Malaysian aims to be a developed nation in every sense of the word. The development targets benefit everyone, shared prosperity, sustainable growth, and committed to economic growth with social justice. Current Malaysia’s growth focus in moving ahead is the digital economy, high-tech and high-wage manufacturing, and services sector. The government will provide incentives to investments and collaborations to turn Malaysia into a digital services and communications hub. Besides, the government also encouraging local companies to enhance their capabilities by collaborating with multinationals so as to become global or regional champions. For the manufacturing sector, the government will continue to attract high value-added, high technology and knowledge-intensive investment to complete the value chain in the ecosystem of targeted industries. It mainly focuses on aerospace, chemicals and chemical products, machinery and equipment, medical devices, as well as electrical and electronics industries. For services sectors, the government will focus on tourism, private healthcare and professional services, retail, as well as food and beverages.
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