CEO of Malaysian Investment Development Authority (MIDA)
Dato’ Azman Mahmud was named the Chief Executive Officer of MIDA in February 2014 after serving in various leadership positions in the organisation for 25 years. From developing the Chemical, Food & Beverages sectors to promoting Malaysia in US and Japan, Dato’ Azman brings a vast range of competencies to MIDA.
Dato’ Azman’s passion in attracting investments to Malaysia is reflected in his enthusiasm when sharing Malaysia’s strategic value propositions and potential business opportunities. His exemplary conduct embodies MIDA’s commitment to being the best partner to investors.
Under his leadership, MIDA has been instrumental in attracting investments in the country. For the past two years, Malaysia has recorded an impressive level of investment with an average of RM200.5 billion (USD45.6 billion) in the manufacturing, services and primary sectors. This performance has exceeded the average annual investment target set under the 10th Malaysia Plan.
Dato’ Azman also serves on several boards of industry-related organisations such as CREST (Collaborative Research in Science, Engineering & Technology), Invest KL, Kulim High Tech Park, Malaysia Petroleum Resources Corporation (MPRC), PEMUDAH (The Special Task Force on Service Delivery), Felda Global Holdings and Johor Corporation.
The Malaysian Investment Development Authority (MIDA) is the government’s principal agency for the promotion of the manufacturing and services sectors in Malaysia. Incorporated as a statutory body under the Malaysian Industrial Development Authority (MIDA) Act, the establishment of MIDA in 1967 was hailed by the World Bank as “the necessary impetus for purposeful, positive and coordinated promotional action” for Malaysia’s industrial development. Today, MIDA’s is Malaysia’s cutting-edge, dynamic and pioneering force in opening pathways to new frontiers around the globe.
MIDA assists companies which intend to invest in the manufacturing and services sectors, as well as facilitates the implementation of their projects. The wide range of services provided by MIDA include providing information on the opportunities for investments, as well as facilitating companies which are looking for joint venture partners. To further enhance MIDA’s role in assisting investors, senior representatives from key government agencies are stationed at MIDA’s headquarters in Kuala Lumpur to advise investors on government policies and procedures. These representatives include officials from the Department of Labour, Immigration Department, Royal Malaysian Customs, Department of Environment, Tenaga Nasional Berhad and Telekom Malaysia Berhad.