In line with the technological advancements taking place in Malaysia, the Malaysian Investment Development Authority (MIDA) signed a tripartite pact with Daher and France’s IoT Valley. 

The Memorandum of Understanding (MoU) will contribute towards promoting more investment and business cooperation between France and Malaysia, particularly in the development of IoT and logistics in Malaysia’s aerospace industry.

Being a key player in Industry 4.0 and a global service provider in aerospace, Daher’s involvement will contribute towards creating and supporting the development of new innovative solutions in line with the Malaysian Aerospace Industry Blueprint 2030. 

Meanwhile, the IoT Valley will leverage on its dedicated ecosystem of Internet-of-Things (IoT) companies to provide the necessary digital and network support to boost this endeavour.

“MIDA is proud to be a part of this initiative that will deliver a great deal of added value to the aerospace industry in terms of innovative products and services being created, quality employment opportunities and businesses for the local supply chain.

“By utilising IoT technologies such as data analytics and sensors in logistic services for the aerospace industry, it would not only enhance the overall user experience for consumers but also benefit cost optimisation and energy efficiency. 

“With this MoU, MIDA will work closely with Daher and IOT Valley to facilitate their investments in Malaysia and we foresee that the country would stand to benefit from the future-focused logistic solutions created through this partnership,” said its chief executive officer, Datuk Azman Mahmud.

During the MoU signing, Daher was represented by Didier Kayat, the chief executive officer of Daher, while IoT Valley was represented by Bertran Ruiz, IoT Valley’s head of Business, Daher will soon establish their regional office in Malaysia.

France is Malaysia’s fifth largest foreign investor in the manufacturing sector among the European Union member states. 

As at December 2017, a total of 117 manufacturing projects with French participation have been implemented with investments of RM3.5 billion and a majority of these investments were in petroleum products, machinery and equipment, transport equipment, chemical and chemical products, as well as basic metal products, and these investments have provided more than 10,000 job opportunities in the country.

“France is no doubt one of the important trading partners and source of investment for Malaysia. Many French companies have had a long standing presence in Malaysia and we are proud to host notable players such as STMicroelectronic, Lafarge, Arkema, Decathlon, Safran, Airbus, TechnipFMC, Saint-Gobain, and International SOS. 

“We continue to welcome investments particularly in new growth areas while French companies have also been making Malaysia their regional and global hub. 

“From 2006 to 2017, a total of 85 projects have been approved with investments of RM2.2 billion. These include ESI Group (Regional Office), Saint Gobain (Operational Headquarters), InfoVista (Operational Headquarters), Monin (Regional Distribution Center), Centre Technique Des Mecaniques-CETIM (Representative Office),” added Datuk Azman.

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