In the first two weeks of attending Expo 2020 Dubai, Malaysia generated over RM7.2 billion in leads with companies based in multiple countries.
This total trade and investment potential figure was obtained from 14 Memoranda of Understanding (MoU), three Letters of Intent (LoI) and two Memorandum of Cooperation (MoC) between fourteen Malaysian companies and their overseas counterparts.
Foreign companies are based in China, Egypt, India, Iran, Oman, Qatar, United Kingdom, United Arab Emirates and United States of America.
The MOUs cover the areas of blockchain and Internet of Things, oil and gas, robotic and automated hatcheries of freshwater aquatic creatures and biotechnology research, entrepreneurship in technology intensive sectors; Advisory services; technology transfer and training in unmanned aerial vehicle solutions; thermal and ultrasonic technology, as well as in R&D and plant-based extraction technologies.
Meanwhile, LoIs and MoCs cover the manufacture of 1,000 modular green smart home units; exclusive distribution of unmanned surface vessels; agricultural systems based on artificial intelligence (AI) and predictive maintenance of project solutions.
This is a positive result that came in the first two weeks of Malaysia’s participation in the exhibition as the country begins its economic recovery after COVID-19.
The momentum is expected to continue over the next 25 weeks, anchored by various ministries and agencies, including state governments.
The Malaysia Pavilion at Expo 2020 Dubai, designed as a rainforest canopy and themed “Energizing Sustainability”, registered around 50,000 visitors from October 1 to 14, 2021.
Malaysia is also confident to surpass its total trade target of R 8-10 billion at the six-month exhibition.
Sincere congratulations go to the Ministry of Science, Technology and Innovation (MOSTI) for leading the country’s participation in Expo 2020 Dubai and the Malaysian Center for Green Technology and Climate Change (MGTC) as as the implementing agency for this project.