RM77.25 billion potential investments collected at Dubai Expo 2020 –PM Ismail

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KLUALA LUMPUR: Malaysia had successfully collected the potential trades and overall investments amounting RM77.25 billion at Dubai Expo 2020 that ended on 31st March 2022 after six months being held in the United Arab Emirates (UAE).

Prime Minister Datuk Seri Ismail Sabri Yaakob said, Dubai Expo 2020 had opened the opportunities to 426 domestic companies including starters, micro, small and middle size industries to expand their businesses in the midst of the COVID-19 pandemic challenges.

“The target set by the government was RM8 billion to RM10 billion trade and investment returns throughout the six months participation in the expo. I am happy to announce that Malaysia had surpassed the target by seven times and had collected RM77.25 overall potential trades and investments.

“The success was achieved through the signing of Memorandum of Understanding (MoU) or Sharing Agreement and Letter of Intent involving companies and other parties including from United States of America (USA), China, UAE, India, United Kingdom and Qatar.

“Apart from that 4,971 business enquiries had been recorded to maximise the trade and business opportunities. Pavilion Malaysia that represented the country at the expo had succeeded to hold 2,555 business matching sessions via physical and online,” Ismail said.
The Prime Minister said that in his speech at Pavilion Malaysia Expo 2020 Dubai Appreciation Nite, held at Hotel Majestic,Wednesday evening.

On the whole Ismail said, Pavilion Malaysia had received 1.2 million guests and had been listed as one of the five very green pavilions and among one of the seven favourite pavilions among the international media.

“Congratulations to the Ministry of Science, Technology and Innovation (MOSTI) as the leading ministry and Malaysian Green Technology and Climate Change Corporation (MGTC) as the implementation agency,” Ismail said.

The Prime Minister stressed that Pavilion Malaysia had shown to the world how the application of science, technology and innovation had been instilled to spur development and green growth such as combining green features like rain water catchment, solar technology and used building materials with low carbon and could be recycled.

“I am confident the participation in Dubai Expo 2020 impact will contribute to the economic recovery and the national development in future when trade cooperation is obtained including the smart green house, Application of Artificial Intelligence (AI) in agriculture, clean energy and many other future solutions.

“The high dedication and cooperation via the Whole-of-Government had made Pavilion Malaysia an effective platform for sharing ideas and successfully promoting the country’s potentials to lead the global sustainability agenda,” Ismail said. –Malaysia World News


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