KUALA LUMPUR: Malaysian Investment Development Authority (Mida) has announced Sikh Shamsul Ibrahim Sikh Abdul Majid as its new chief executive officer effective from April 18.
Shamsul will succeed Datuk Wira Arham Abdul Rahman who will retire from public service tomorrow.
"The appointment shows Mida is dedicated to boosting the economy and making it more diverse, in line with their goal of creating strong investment systems to attract good investments," it said in a statement today.
Shamsul brings 28 years of dedicated service to Mida, during which he has been pivotal in defining the strategic direction of the agency and elevating Malaysia's investment environment.
A graduate from the University of Malaya, he earned a bachelor's degree in economics, with a major in analytical economics in 1995.
His academic achievements have enriched his extensive professional experience.
Since joining Mida in 1996, he has occupied various significant leadership roles.
This included executive director for manufacturing development and investment promotion, and most recently, senior executive director of investment policy advocacy.
In his latest role, he has led initiatives that significantly bolstered both domestic and foreign investments, showcasing his profound grasp of economic trends and policy advocacy.
"As we prepare to welcome Shamsul into his new role, it is also a time to honour the legacy of Datuk Wira Arham Abdul Rahman, who has been instrumental from 1 April 2021 to 17 April 2024 in steering Mida towards groundbreaking achievements," it said.
Under his leadership, Mida said it had seen historical achievement in approved investments and unprecedented growth in areas such as high-tech investments and digital transformation, which have significantly enhanced Malaysia's economic resilience and competitiveness on the global stage.
With a focus on attracting investments in key sectors such as manufacturing, ICT, and green technologies, Mida continues to strengthen Malaysia's position on the world stage as the preferred investment destination.