MILAN, Italy Sept 27 (Bernama) -- The Malaysian Investment Development Authority (MIDA) is set to be the main partner along side the Italy-ASEAN Association and The European House – Ambrosetti in organising the High-Level Dialogue on ASEAN – Italy Economic Relations 2020 in Kuala Lumpur, June next year. This exclusive dialogue and networking platform will be attended by key stakeholders from the public and private sectors of ASEAN and Italy, to explore opportunities towards generating mutually beneficial outcomes.
 
The Italy-ASEAN Association was founded in 2015 to strengthen the relationship among Italy and South East Asia in seizing the reciprocal opportunities for both firms and institutions within the region. The European House – Ambrosetti, is a professional Group founded in 1965 boasting of a world-wide network of over 200 contacts on the highest level in various sectors.  
 
At present, YB Datuk Darell Leiking, Minister of International Trade and Industry is on a working visit to Italy from 24-30 September 2019 to meet potential investors particularly in the aerospace, chemical, automotive and Industry 4.0 related sectors. In conjunction with the working visit, organised by MIDA, YB Datuk Darell met with Mr. Enrico Letta, President of Italy-ASEAN Association and a representative from The European House – Ambrosetti to discuss on the organisation of the Dialogue. His Excellency Dato’ Abdul Malik Melvin Castelino, Ambassador of Malaysia to Italy, and Dato’ Azman Mahmud, CEO of MIDA, were also present at the meeting.
 
MIDA is pleased that Malaysia has been chosen to be the host country for the High-Level Dialogue on ASEAN – Italy Economic Relations 2020, and is committed to ensure the success of the event. As the main partner, MIDA will provide the necessary assistance and facilitation to support the event and ensure its objective as an effective business networking and investment platform. The esteemed Dialogue is highly regarded in bringing together the brightest visionaries and competent opinion leaders of Italy and ASEAN to discuss innovative and relevant issues within the region.
 
According to Mr. Letta who is also the former Prime Minister of Italy, the Dialogue will involve more than 100 high-level participants from Italy, creating greater partnership and cooperation between ASEAN countries and Italy. In this borderless economic community, he looks forward to this event fostering good will and spurring synergy in the region by complementing ASEAN’s rapid growth with Italian high-tech capabilities. With the success of the last 3 editions, the 4th edition of the Dialogue in Kuala Lumpur is expected to be even more memorable as it coincides with Visit Malaysia 2020 and Malaysia hosting APEC 2020.
 
Italy represents the 9th largest investor from the European Union in the Malaysian manufacturing sector. As at 2018, 75 projects with Italian participation amounting to RM1.32 billion (USD354.22 million) have been implemented within the country, creating over 4,500 jobs. Among the portfolio of companies with Italian participation that have set up their operation in Malaysia include ST Microelectronics, AgustaWestland Malaysia (Leonardo), Fassi, TecnimontHQC, Unigra Food Processing Asia Pacific, Galperti Malaysia, Saipem, Vetrya, Coesia and Ansaldo STS.
  
About MIDA
MIDA is the government's principal promotion agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Starting operations in 1967 with a relatively small set up of 37 staff, MIDA has grown to become an active and dynamic organisation of over 700 employees. Headquartered in Kuala Lumpur Sentral, MIDA today has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram and Facebook.

Source: Malaysian Investment Development Authority (MIDA)

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Mr. Nelson Samuel
Director of Foreign Investment Promotion Division, MIDA
Tel: +603-2267 3783 
Fax: +603-2260 5488
Email: nelson@mida.gov.my / investmalaysia@mida.gov.my
 
Name: Mr. Awangku Fairulnazri Awangku Tajudin
Director of MIDA Italy
Tel: +39 02 8909 382 4 
Fax: +39 02 8909 545 418
Email: milan@mida.gov.my

--BERNAMA