Malaysia to secure RM10 billion in deals at Dubai Expo

by | Oct 17, 2021 | Business, LOCAL | 0 comments

Prime Minister Datuk Seri Ismail Sabri Yaakob expects to secure more than RM10 billion in business leads at Expo 2020 Dubai and said so far RM7.2 billion have already been secured from 14 MOUs, three Letters of Intent (LOI) and two Memoranda of Cooperation (MOC).

He said this positive outcome came in the first two weeks of Malaysia’s participation at the expo and is confident of surpassing its total target of RM10 billion in trade business leads at the six-month long expo.

He said the MOUs covered, among others, blockchain and the Internet of Things technology, entrepreneurship within technology-intensive sectors, and advisory services, technology transfer and training.

The LOIs and MOCs covered the fabrication of 1,000 modular units of green smart homes, exclusive distributorship of unmanned surface vessels, artificial intelligence-driven agriculture systems and predictive maintenance of project solutions.

The foreign companies are based in China, Egypt, India, Iran, Oman, Qatar, the United Kingdom, United Arab Emirates and the United States.

While other pavilions at the expo showed culture and tourism, many visitors were surprised to see that the Malaysia pavilion promoted tech companies and it drew a big crowd.