16 MoUs worth USD2.5 billion inked at 13th WIEF

Representatives from Sacofa Sdn Bhd and PT Super Sistem Ultima from Indonesia signed an MoU witnessed by Prime Minister Datuk Seri Najib Tun Razak (centre), Deputy Chief Minister Datuk Amar Awang Tengah Ali Hasan (second left) and WIEF Foundation chairman Tun Musa Hitam (second right).

KUCHING, Nov 21: A total of 16 memorandums of understanding (MoUs) worth USD2.5 billion were signed at the 13th World Islamic Economic Forum (13th WIEF), in which nine are between international companies and corporations and four involved Sarawak enterprises and companies.

THe MoUs involving Sarawak companies includes Sarawak Youth Innovation Corporative (KOBIS) and Malaysian Association of Bumiputera ICT Industry and Entrepreneurs (NEF), Universiti Malaysia Sarawak (Unimas) and KOBIS, Resonics Consultancy and Umadx Online (Malaysia) Sdn Bhd and Unimas and Resonics Consultancy.

Sarawak-based Sacofa Sdn Bhd (Sacofa) and PT Super Sistem Ultima from Indonesia also signed an MoU to collaborate on the use of submarine fibre optic cable networks connecting Borneo to Mersing, Johor.

Prime Minister Datuk Seri Najib Tun Razak, Deputy Chief Minister Datuk Amar Awang Tengah Ali Hasan and WIEF Foundation chairman Tun Musa Hitam witnessed the exchange of the MoU documents among the various companies and organisations during a special ceremony today.

WIEF Foundation said the MoUs this year marked one of the largest in the forum’s history which comprises organisations from several sectors including technology, halal food and energy.


In the last five years, the WIEF has facilitated trade deals from diverse sectors among Muslim and non-Muslim nations amounting to some USD13 billion.

Themed ‘Disruptive Change: Impact and Challenges’, this year’s WIEF attended by some 2,500 delegates from over 60 countries aims to examine how disruptive technologies can change the world as well as their benefits and challenges and at the same time, offer guidelines and knowledge-sharing to enable policymakers and leaders from business and other institutions to respond.

The forum also creates a platform for the global business community to come together and discuss burning issues such as how to adapt to disruptive changes, as well as to find solutions and develop initiatives that can better prepare the people for the technological revolution that would change their lives. — Dayak Daily