PM: RM7.2 billion business potentials generated in first two weeks of Expo 2020 Dubai

Prime Minister Datuk Sri Ismail Sabri Yaakob

KUCHING, Oct 15: Malaysia has generated more than RM7.2 billion in business leads with companies based in several countries in the first two weeks of its participation in the Expo 2020 Dubai.

In saying this, the Prime Minister Datuk Sri Ismail Sabri Yaakob, said 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 counterparts.

He noted that the foreign companies are based in China, Egypt, India, Iran, Oman, Qatar, the United Kingdom, United Arab Emirates and the United States of America.

“The MoUs cover areas such as blockchain and Internet of Things, oil and gas, robotic and automation, hatchery of freshwater 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, as well as in R&D and herbal extraction technologies.

“Meanwhile, the LoIs and MoCs cover the fabrication of 1,000 modular units of green smart homes; exclusive distributorship of unmanned surface vessels; artificial intelligence (AI) driven agriculture systems, and predictive maintenance of project solutions,” he said in a statement today.

Ismail Sabri pointed out that this is a positive outcome from the first two weeks of Malaysia’s participation at the expo, as the country begins its economic recovery post-Covid-19.

He said 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 Rainforest Canopy and themed with ‘Energising Sustainability’ has recorded approximately 50,000 visitors from October 1st to October 14th, 2021.

“Malaysia is also confident of surpassing its total target of between RM8 billion to RM10 billion in trade business leads at this six-month long expo,” he added.

The Prime Minister also conveyed his heartfelt congratulations to the Ministry of Science, Technology and Innovation (MOSTI) for leading the country’s participation in Expo 2020 Dubai and Malaysian Green Technology and Climate Change Centre (MGTC) as the implementing agency for the project. — DayakDaily.