Malaysia has attracted 97 Swedish manufacturing projects valued at RM7.77 billion by 2024, creating nearly 6,000 jobs. Bilateral trade reached RM3.58 billion last year, indicating strong economic ties. Prominent Swedish companies like Spotify, H&M, and IKEA operate in Malaysia, reflecting a deepening relationship between the two countries.
Malaysia has successfully positioned itself as a significant destination for Swedish investments, with 97 manufacturing projects projected to total RM7.77 billion by 2024. According to Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz, these ventures have led to the creation of 5,982 job opportunities in the region.
In a message shared on the platform X, Minister Zafrul highlighted that the bilateral trade between Malaysia and Sweden reached RM3.58 billion last year, showcasing strong economic ties between the two nations. His remarks accompanied the introduction of the new Swedish ambassador to Malaysia, Niklas Wiberg.
The minister underscored that several notable Swedish companies, such as Spotify, H&M, Ericsson, Volvo, and IKEA, are already well-established within Malaysia. He expressed optimism regarding the future, stating that he hopes for the continued deepening of economic relations for mutual benefit.
In conclusion, Malaysia’s allure as a destination for Swedish investment is marked by significant manufacturing projects and growing bilateral trade. The presence of major Swedish corporations enhances this relationship, and continued cooperation is anticipated to yield mutual advantages for both nations.
Original Source: www.bernama.com
