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Malaysia Generates More Than RM7.2 Billion In Business Potentials In The First Two Weeks Of Expo 2020 Dubai

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In the first two weeks of its participation in the Expo 2020 Dubai, Malaysia has generated more than RM7.2 billion in business leads with companies based in several countries.

This total figure in potential trade and investment was garnered from 14 Memorandums of Understanding(MoUs), three Letters of Intent(LoIs) and two Memorandums of Cooperation (MoCs) between fourteen Malaysian companies and their foreign counter parts.

The foreign companies are based in China, Egypt, India, Iran, Oman, Qatar, the United Kingdom, United ArabEmiratesand the UnitedStatesofAmerica.

The MoUs cover the areas of blockchain and Internet of Things,oil and gas, robotic and automation hatchery of fresh water aquatic creatures and biotechnology research, entrepreneurship within the technology-intensive sectors;  advisory              services; technology transfer and training in unmanned aerial vehicle solutions; thermal and ultrasound technology,aswellasinR&D and herbal extraction technologies.

Meanwhile, the LoIs and MoCs cover the fabrication of 1,000 modular units of green smart homes; exclusive distributor ship of unmanned surface vessels; artificial intelligence (AI) driven agriculture systems, and predictive maintenance of project solutions.

This is a positive outcome came in the first two weeks of Malaysia’s participation at the expo as the country begin its economic recovery post-COVID-19.

The momentum is expected to maintain for the next 25 weeks, anchored by various ministries and agencies, including state governments.

Malaysia Pavilion at Expo 2020 Dubai which has been designed as a RainforestCanopy and themed ‘Energising Sustainability’ has recorded approximately 50,000visitors from October1sttoOctober14th,2021.

Malaysia is also confident of surpassing its total target of between RM8 billion toRM10billionintrade business leads at this six-month long expo.

HeartfeltcongratulationsareduetotheMinistryofScience,TechnologyandInnovation (MOSTI) for leading the country’s participation in Expo 2020 Dubai andMalaysianGreenTechnologyandClimateChangeCentre(MGTC)astheimplementingagencyforthisproject.

#KeluargaMalaysia#BekerjaBersamaRakyat

DATO SRI ISMAIL SABRI YAAKOB