Investment in new strategic sectors can boost Malaysia’s economy – Muhyiddin

Malaysia will be able to rebuild its strength and boost its economy if new strategic sectors can be explored among foreign investors and turn them into global supply chains. National Recovery Council (MPN) chairman Tan Sri Muhyiddin Yassin said among the new strategic sectors that could be developed more intensively were the digital economy, public health in terms of future pandemic preparedness research, medical equipment, medicine, environmental sustainability, and defence and security. “I see more avenues and opportunities for companies from countries such as the United Kingdom (UK) to invest in Malaysia not only in sectors that have been delved into but also new strategic sectors. “This is also in line with the foray made by Senior Minister of International Trade and Industry Datuk Seri Mohamed Azmin Ali in his trade mission to the UK in October after which he reported the interest of companies from the UK to invest RM800 million in Malaysia,” he told reporters after holding a special meeting with British Malaysian Chamber of Commerce (BMCC) representatives here on 17 November.