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Malaysian SMEs ink RM100m MoUs at Expo 2020… – The Malaysian Reserve

Wednesday, February 16th, 2022
at Economy | News
by AZALEA AZUAR / pic by BERNAMA
THREE memorandums of understanding (MoU) worth RM100 million have been signed between Malaysian small and medium enterprises (SMEs) and businesses from the United Arab Emirates (UAE).
The MoUs were signed during Expo 2020 Dubai — Malaysian SME Week where they were exchanged between Propeasy Sdn Bhd and Mahaley Marketing, Fario Holdings Sdn Bhd and Miko Koffie NV of Belgium, and Govicle Sdn Bhd and Six Day Company LLC.
The three local companies are part of the 17 SMEs delegates to join the event to introduce themselves to potential global business partners at the Malaysia Expo 2020 Pavilion in Dubai, UAE.
This time, it is mainly focused on artificial intelligence technology and innovation, medicine and health, and drone related services.
Joining the delegation were SME Bank Bhd and Perbadanan Nasional Bhd (Pernas) where the Malaysian SME Week was led by the Ministry of Entrepreneur Development and Cooperatives (Medac) through its implementing agency, SME Corp.
Participating companies have also been mentored by SME Corp and other Medac agencies where they also have the opportunity to match businesses, product and service introduction sessions, as well as business pitching to potential investors.
Two additional programmes have been implemented simultaneously as Medac’s involvement in conjunction with Expo 2020 Dubai which consists of Export
Acceleration Mission and Business Export Programme 2.0 by SME Bank involving 11 Bumiputera SMEs and Franchise Engagement Programme by Pernas.
Medac secretary general Datuk Suriani Datuk Ahmad (picture) stated in her speech that their involvement in the expo is part of the government’s effort to assist SMEs and start-ups through support and cooperation with investors and potential business partners.
“One of the companies is Aerodyne Group which was ranked first by Drone Industry Insights in its ‘Drone Service Provider Ranking 2021’, Aerodyne was also named ‘Asia Pacific UAV Services Company of 2019’ by Frost & Sullivan and is a recipient of the Institute of Engineering and Technology Malaysia’s ‘Industry Excellence Gold Award 2019’.
“Apart from the 17 start-ups companies mentioned earlier, Malaysia would also like to take this opportunity to present to you 11 of our SMEs that will participate in our Export Acceleration Mission held from Feb 13 to 18 at the Sheraton Mall of the Emirates Hotel,” she said.
Also attending the launching ceremony was Malaysian Ambassador to the UAE Datuk Mohd Tarid Sufian, Malaysian Consulate General in Dubai Mohd Hasril Abdul Hamid, SME Corp CEO Rizal Nainy, Pernas CEO Mohd Hilaluddin Abd Shukor, SME Corp head of corporate strategy Datuk Dr Mohammad Hardee Ibrahim, ministries and agencies officials, as well as businessmen from Malaysia and abroad.
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