SEREMBAN, March 3 (Bernama) -- The Malaysian Industrial Development Authority (MIDA), in its pursuit to lure more foreign companies to invest in Malaysia, will always innovate incentives to make them more attractive to investors. International Trade and Industry Deputy Minister Datuk Mukhriz Tun Mahathir said the Samsung Group of Companies in Malaysia was a perfect example of a company which had benefitted tremendously from government incentives.

"From time to time, we will review the incentive requirements of investors, based on the investments they are making here.

"Sometimes, we have incentives which are too general and that may not meet the specific requirement of a company," he told reporters after visiting Samsung Electronics's Seremban Complex here Wednesday.

Mukhriz said it was heartening to hear from the South Korean electronics giant that Malaysia remained a competitive company to invest in terms of technological know-how, infrastructure, political stability and the fact that the country was natural disaster-free.

Meanwhile, he said Mida and the ministry would continue, unabated, to woo more foreign investors to make Malaysia their investment destination.

"Apart from Mida and the ministry, the Prime Minister and the Deputy Prime Minister have personally assumed the role of "top salesmen" to promote Malaysia abroad among investors," he said.

But, he pointed out the government did not sideline domestic investments by local companies.

"It does not mean that domestic investments would be favoured or given special treatment.

"We will accord equal status to both domestic and foreign investments..there are no differences in the incentives given to both foreign and domestic investors," he said.

-- BERNAMA