Malaysia aims RM10b potential investments at Expo 2020 Dubai

by SHAHEERA AZNAM SHAH / pic by ISMAIL CHE RUS

Malaysia is expecting to rake a potential trade and investment of RM10 billion through the country’s participation at the Expo 2020 Dubai.

According to Energy, Science, Technology, Environment and Climate Change Minister Yeo Bee Yin (picture), Malaysia will exhibit sustainable energy solutions, while the clean energy and green industry will be displayed at the centre stage for the country’s pavilion.

“It is important for us to showcase the work and development that we have been working on,” Yeo said at the media briefing in Putrajaya yesterday.

“Next year, it is important for Malaysia to be at the world stage to chart a new path that we will continue to develop as a country,” she said, adding that Malaysia has gone through rapid developments since Prime Minister Tun Dr Mahathir Mohamad envisioned the Vision 2020 almost two decades ago.

The Malaysian delegation aims to secure 1,000 business leads, as well as 20 collaborative projects with other participating countries.

“At the moment, we are aiming to achieve a number of primary targets besides the total investment value, which are to secure 1,000 business leads and sign 20 memoranda of understanding among the participating companies during the expo,” she said.

Yeo added that Malaysia pavilion themed “Energising Sustainability” is looking to attract more than 5,000 participants for its programmes while expecting one million visitors, including 20 delegations from other participating countries.

Yeo said RM60 million of capital expenditure (capex) will be provisioned for the exhibition, of which will be partially contributed by the private sector.

“Following the Cabinet meeting on Dec 12 last year, the ministry has been tasked to lead Malaysia’s participation in this expo.

“We have received the first cash sponsorship from Helios Photovoltaic Sdn Bhd for RM250,000 and I want this expo to not just be a mere participation to make connections, but to generate revenue for the country,” she said.

The ministry expects to bring 200 companies and agencies that will be organising programmes and business matching sessions for six industry clusters.

“We are proposing to present six clusters including the agriculture and primary commodities sustainability, the energy, surface technology international and environment.

“We have 200 slots allocated for about 200 companies and agencies from the public and private sectors, and we are in the process of calling in for participation,” she said.

Malaysia will be among the 192 countries and international organisations taking part in the global expo held between Oct 20, 2020 and April 10, 2021 at the Dubai Exhibition Centre in United Arab Emirates (UAE).

Expo 2020, an international exhibition hosts by a different country for every five years, is a six-month event that will exhibit a wide array of technological developments according to the countries’ expertise.

As of December 2018, Malaysia approved 27 manufacturing projects from the UAE with a total investment value of RM1.32 billion while providing 1,636 employment opportunities for Malaysia.