Malaysia: Matrade paves way for firms to expand exports to Saudia, UAE

Kuala Lumpur: The Malaysia External Trade Development Corporation (Matrade) has paved the way for Malaysian companies to expand exports into Saudi Arabia and the United Arab Emirates (UAE) through collaborations with major retailers and healthcare providers.

In a statement Tuesday, Matrade said Senior Minister cum International Trade and Industry (Miti) Minister Datuk Seri Mohamed Azmin Ali (pic) had recently led a recent trade and investment mission to enhance Malaysia’s bilateral cooperation with Saudi Arabia and the UAE in a more comprehensive and strategic direction. 

Matrade said the mission from April 26 to May 4, 2021 was also aimed at rebuilding confidence in the business community by demonstrating the government’s commitment and pro-business temperament in the face of the challenging times.

“It is also a follow up to the official visit of Prime Minister Tan Sri Muhyiddin Yassin to both countries in March this year.

“Considering the importance of bilateral trade with both countries, Matrade had arranged a series of business meetings with prominent Saudi and UAE companies during the mission,” it said. 

Among the focus sectors were healthcare, facility management, medical devices, furniture, palm oil, fast-moving consumer goods (FMCG), and lifestyle products.

Matrade said it would be organising a special programme for Savola Group, one of Saudi Arabia’s major importers of Malaysia’s palm oil, which is committed to increasing its sourcing of the commodity from Malaysia.

The Savola Group plans to make the kingdom its distribution hub for other parts of the Gulf Cooperation Council, Middle East and North Africa (MENA) markets, it said.

To further facilitate the strong interest shown by Savola Group, Matrade had extended an invitation to the company to visit Malaysia, particularly during the Malaysia International Halal Showcase from Sept 9-12, 2021.