The fourth OIC World Biz 2013 in September is expected to generate RM1 billion worth of business transactions, double from the year before.
The four-day event which begins on Sept 25 at the Putra world Trade Centre, is expected to attract participants from 70 countries that will take up some 500 booths, consisting of 300 local exhibitors and 200 foreign participants.
The event, previously known as Muslim World Biz, was held in Jakarta, Indonesia last year.
Muslim World Biz Datuk Dr Raja Mohamad Abdullah said although the OIC countries are rich in oil and gas resources, this year's theme, “Enriching Borderless Economy” will highlight other key areas such as takaful and insurance, property, tourism and education.
He said the OIC member contries intra-trade accounted for only 6% in 2003, but is now up to 17%.
In 2011, he said Malaysia recorded the highest world foreign trade among the OIC countries.
“This shows the current administration has adopted an extension of the friendly approach to the world. The local corporate sectors had benefited and expanded their businesses to the rest of the world,” said Dr Raja Mohamad, who also runs the OIC International Business Centre.
In conjunction with the 4th OIC World Biz, the 2nd OICAsia Trade and Economic Forum 2013 will also be held from Sept 25 to 26, 2013 to enhance the economic and trade cooperation among the Arab countries, OIC member countries and Asian countries.
“With the aim to make Malaysia as the centre of the Muslim world economy, this programme will be a platform for the global Islamic businesses to meet, interact and transact deals via mergers, partnerships and investments,” he said.