Malaysia has attracted 97 Swedish manufacturing projects with a total value of RM7.77 billion, contributing to the creation of 5,982 job opportunities, says Malaysia’s Minister of Investment, Trade and Industry, Tengku Datuk Seri Zafrul Abdul Aziz.
The minister shared the update on Monday 8 April 2025 via a post on social media platform X, in which he also welcomed the new Swedish Ambassador to Malaysia, Niklas Wiberg.
According to the minister, the projects reflect Sweden’s confidence in Malaysia as a strategic investment destination. He noted that bilateral trade between the two countries reached RM3.58 billion in 2024, underlining strong and ongoing economic cooperation.
Several well-known Swedish companies are already active in Malaysia, including music streaming platform Spotify, fashion retailer H&M, telecommunications firm Ericsson, vehicle manufacturer Volvo, and furniture company IKEA.
“We hope the economic relationship between Malaysia and Sweden will continue to grow for our mutual benefit,” says Tengku Zafrul.
Source: The Vibes
