Malaysia attracting large number of Swedish firms
Minister says there were 97 manufacturing projects worth $1.85 billion as of 2024
KUALA LUMPUR, Malaysia (MNTV): Malaysia has emerged as a key destination for Swedish investment, attracting 97 manufacturing projects worth 7.77 billion Malaysian Ringgit ($1.85 billion) as of 2024.
The Edge quoted Investment, Trade and Industry Minister Zafrul Abdul Aziz as saying the investments had created 5,982 jobs.
“Last year, our bilateral trade reached 3.58 billion Malaysian ringgit ($850 million)— strong evidence of the robust economic ties between Malaysia and Sweden,” he said in a post on X, welcoming the arrival of the new Swedish ambassador to Malaysia, Niklas Wiberg.
Zafrul noted that many prominent Swedish companies are already operating in Malaysia, including music-streaming platform Spotify, fashion retailer H&M, telecoms equipment maker Ericsson, vehicle manufacturer Volvo and furniture giant IKEA.
“We hope economic relations between Malaysia and Sweden will continue to deepen for mutual benefit,” he said.
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