Potential area of Business

Malaysia is an emerging Asian economy aspiring to move towards a technology-driven and high-tech production-based pattern of development and technological advancement and it has become an integral part of Malaysia’s growth as an industrialised nation. Due to strategic planning as well as abundant resources, the country offers a wide spectrum of investment opportunities to investors.

With the help of technology, Malaysia is steadfast in providing for the modern day requirements of foreign investor companies based in the country and is considered one of the most technologically developed countries amongst industrialising nations in the ASEAN region. The nation’s persistent drive to engage modern technologies proves to be a great advantage to manufacturers in Malaysia.

Agriculture now plays a minor role in the country’s economy, however, holds a significant position in the world’s agricultural sector. The electrical & electronics (E&E) is one of the leading sector for the manufacturing industry and has a high demand globally in the usage of electronical devices as well as embedded technology.

The automotive industry in Malaysia is considered the third largest industry in Southeast Asia with an annual output of over 500,000 vehicles.

Malaysia prides itself in the oil and gas industry with it’s national oil company, Petronas being ranked as the 69th biggest company in the world in the Fortune 500 list in 2014. There are over 3,500 oil and gas businesses in Malaysia consisting of independents, services, manufacturing as well as international oil companies to support the needs of the value chain both domestically and regionally. As this sector plays an important role for the company, the energy production is largely dependent on oil and natural gas, owing to the country’s oil and natural gas reserves which is considered fourth largest in Asia Pacific.

Malaysia is considered a haven for foreign investors as the beneficial business environment has made the country one of ASEAN’s top investment destination. As to date, Malaysia has attracted over 5,000 foreign companies from more than 40 countries to establish their business, reflecting confidence towards Malaysia as a country for their business ventures.