The keen participation of local companies is an indication of these firms wanting to grow the export footprint in the West Asia region despite economic challenges
by LYDIA NATHAN/ pic by MUHD AMIN NAHARUL
TWENTY Malaysian firms are participating at the world-renowned Abu Dhabi International Petroleum Exhibition & Conference 2019 (ADIPEC 2019) through the Malaysia External Trade Development Corp’s (Matrade) Export Acceleration Mission to Abu Dhabi, United Arab Emirates (UAE).
Matrade will lead the promotion of local companies in the oil and gas (O&G) sector during the conference that began yesterday until Nov 14. Matrade said in a statement, the keen participation of local companies is an indication of these firms wanting to grow the export footprint in the West Asia region despite economic challenges.
Matrade’s O&G, Chemical and Energy director S Jai Shankar said it was important for Malaysian companies to continue growing its visibility during events such as this to strengthen their position as leading players in this sector.
He added that Matrade has always encouraged local companies to get involved in conferences and exhibitions such as this. “As ADIPEC is one of the world’s most integrated platform for buyers and sellers to meet and learn about the O&G industry, we do believe the Malaysian participants will get access to new markets and business intelligence including new emerging technologies and business models,” he said.
Jai added that local delegates will also have the opportunity to meet existing and new potential business associates from around the world.
“Matrade’s office in Dubai will be organising a series of business matching sessions for Malaysian exporters to meet with foreign buyers. This will serve as an effective avenue for locals to connect directly with international businesses to explore trade opportunities,” he said.
Meanwhile, Matrade said the Malaysian pavilion will promote a variety of products in the O&G sector including heating, ventilation and air conditioning products, industrial engineering software, specialised pipeline maintenance solution, offshore pedestal cranes and others.
Local company Integrated Process Solutions Sdn Bhd will be presenting a paper on “Cost- Effective Application of Subsea Production System as Field Development Concept in Shallow Water Environment”.
In 2018, the total export of O&G products between Malaysia and the UAE was recorded at RM832.5 million compared to RM251.4 million in 2017.