Malaysia's Melaka Targets US$113.92 Million In Investments From Sarajevo Business Forum

MELAKA (Malaysia), May 21 (Bernama) -- Malaysia’s Melaka state aims to draw over US$113.92 million (RM500 million) in investments from three Europe-based companies after the state government’s participation in the Sarajevo Business Forum 2022 (SBF 2022) on May 11 during its recent visit to Bosnia and Herzegovina and Switzerland. Chief Minister Sulaiman Md Ali said up to now, the state has managed to attract new investments worth about US$47.84 million (RM210 million) from two companies which are in the cosmetics and mechanical device industries. “During the forum, a few companies expressed interest in investing in the state. Two companies have agreed to invest in the state and that is being facilitated by the Malaysian Investment Development Authority (MIDA), which was also present at the forum,” he told reporters here Friday. Sulaiman revealed that the state government is also actively discussing with a manufacturing company and if successful, it will see a US$68.35 million (RM300 million) investment in Melaka. “On our part, we have offered a strategic site,” he added. -- BERNAMA