Malaysia targeting up to RM10b investment at Expo Dubai
Friday, September 24th, 2021 at Economy | News
The expo will attract 25m visitors and benefit participating companies to reboot the economy, Mosti minister says
by AZALEA AZUAR / pic credit: expo2020dubai.com
MALAYSIA aims to promote global cooperation in innovation, technological development, human progress and education for the upcoming Expo 2020 Dubai next month.
Science, Technology and Innovation Minister Datuk Seri Dr Adham Baba said he expected these business breakthroughs will support the country's prospects of achieving its trade and business targets of between RM8 billion and RM10 billion worth of potential trade and investment opportunities through the event.
The country's participation would be spearheaded by the Ministry of Science, Technology and Innovation (Mosti) while the implementing agency would be the Malaysian Green Technology and Climate Change Centre.
"Expo 2020 Dubai is committed to fostering collaborations and finding solutions to our shared problems.
"Likewise, Malaysia's participation our long-standing interest in global conversations and to initiate dialogues on common challenges, while sharing our efforts in tackling sustainability issues and the need to maximise the benefits of science, technology, innovation and economy," Dr Adham said.
Although the Covid-19 pandemic has brought challenges, the minister is optimistic that the expo would attract 25 million visitors as well as benefit participating companies to reboot the economy.
The 26-week expo is expected to jumpstart the global economy which has been hit by the Covid-19 pandemic for the past 18 months.
The thematic trade and business programme will see participations from about 300 Malaysian companies from different industries.
About 40 memorandums of understanding are also to be expected to be signed by local companies during this event on a business-to-business, government-to-government and government-to-business level with their global counterparts at the expo.
These participants hail from different fields of innovation and technology, halal, education, tourism, finance and others.
The expo will be held from Oct 1, 2021 to March 31, 2022, at the first time in the Middle East, Africa and South Asia region with the theme "Connecting Minds, Creating the Future".
Among those notable events would be the Malaysia International Technology Summit (Oct 5), Seminar on Accelerating Green Technology and Climate Actions in Malaysia (Oct 18), Climate Change Conversation on Sustainable Infrastructure (Oct 25), Future World Education Simulation (Dec 13) and Malaysia-United Arab Emirates (UAE) Investment Forum (Jan 9).
Mosti will launch the weekly trade and business programmes across two weeks, where its agency Technology Park Malaysia will anchor the 'Commercialisation: From Lab to International', followed by Cradle Fund's "Creating Tomorrow's Sustainable Start-ups".
Malaysia's trade and commercial efforts are supported by the Ministry of Plantation Industries and Commodities as well as local brand partners Petronas, Serba Dinamik, Marrybrown, Julie's, Claytan, Nur Malaysia, UPS, Fusionex, Monsta, R&D Studio, Studio Birthplace and Digital Durian.
"The Malaysia Pavilion has the full support of the Malaysian government through its ministries and agencies that are anchoring the weekly trade and business cluster efforts at Dubai," Dr Adham said.
"We believe that Malaysia has much that we can showcase and be proud of along these strategic themes," he added.
Dr Adham also said this event would bring unique opportunities to Malaysia as it elevates the nation's homegrown brands to a global stage.
The event would be held both virtually and physically at the Malaysia Pavillion in Dubai, UAE, which is the first net zero carbon pavilion, designed as a 'Rainforest Canopy' and aligned to its 'Energising Sustainability' theme.
The Malaysia Pavillion will not only showcase Malaysia's commitment to sustainability but also displays the country's unique cultures and traditions through live cultural shows throughout the event.
Ong: 3 investors pulled out since GE
Living with a rising medical inflation
Malaysia's 1st locally-made locomotive eyes export markets
Covid death toll nearing 15,000
Moderate growth for life insurance in 2018
Malaysia to send special delegation to Glasgow conference