Industry News

Malaysia attracts RM33.9bil in potential trade, investment at Expo Dubai

KUALA LUMPUR: Malaysia generated over RM33.9 billion in potential trade and investment returns in the first eight weeks of its participation in Expo 2020 Dubai.

Prime Minister Ismail Sabri Yaakob said this was achieved on the back of the signing of 43 memoranda of understanding, memoranda of cooperation and letters of intent, as well as 602 business indicators with several international companies.

In a statement today, the prime minister attributed the achievement to collaboration across ministries involving the science, technology and innovation ministry, environment and water ministry, and the international trade and industry ministry, together with their agencies and private companies.

“With this positive development, the government is confident that Malaysia’s participation in Expo 2020 Dubai will have a wider impact.

“It also proves that Malaysian companies and technologies are internationally recognised and have succeeded in attracting investments and interest from various strategic partners.

“This momentum is expected to continue for the next 18 weeks,” he said.

Ismail said to ensure greater achievements and synergies, the cross-ministerial participation had been coordinated through sub-themes at the Malaysia pavilion at the expo.

This included commercialisation of local technologies, development of sustainable startup ecosystems and green technology innovations, climate-resilient and sustainable infrastructure, smart cities, sustainable finance as well as halal industries and sustainable manufacturing.

The Malaysia pavilion at Expo 2020 Dubai has so far received more than 330,000 visitors.

According to Ismail, the government has surpassed its original target of RM10 billion potential trade and investment returns from its participation in Expo 2020 Dubai.

Source: Free Malaysia Today

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