Malaysia hopes for $2.4 billion in investments from Dubai Expo 2020

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Malaysia Hopes For $2.4 Billion In Investments From Dubai Expo 2020

Malaysia aims at ten billion ringgit worth of potential investments and business deals from the Dubai Expo 2020, energy, science, technology, environment and climate change minister Yeo Bee Yin said, according to Bernama.

She said Malaysia is targeting to secure 1,000 business leads and enter 20 partnership agreements during the six-month long expo.

“The ten billion ringgit potential investments would be the result of strategic alliances in business leads and signing of mutual agreements,” she told a press conference in Kuala Lumpur on April 29. Also present was United Arab Emirates deputy head of mission to Malaysia, Nailofer Al Bastaki.

On the potential investments, Yeo said it would depend on private sector participation in the six clusters, but definitely clean energy and green industry would be one of the biggest focuses.

The six clusters are sustainable agricultural and primary commodities; energy, science, technology and innovation and environment; culture and tourism; e-commerce and information and communications technology; trade and industry 4.0; and education, women and youth.

“We have over 200 slots for local companies from both the public and private sectors to showcase their products and solutions to the world via the Dubai Expo 2020,” Yeo said.

She said about 60 million ringgit would be spent to participate in the expo with the cost mostly sponsored by the private sector.

“Dubai Expo 2020 would be the largest platform for Malaysia to share its vision, aspirations, culture and heritage to the world,” she added.

Yeo also called for Malaysian companies to participate in the open tender for the design and concept of the Malaysia Pavilion in the expo.

“We also hope our local talents could use their creativity to design the pavilion to make Malaysia shine in the expo which will be attended by 190 countries,” she added.

The six-month long Dubai Expo 2020 will be held from October 20, 2020 to April 10, 2021 in Dubai. Themed “Connecting Minds, Creating the Future”, the event is expected to attract 25 million visitors.

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Malaysia aims at ten billion ringgit worth of potential investments and business deals from the Dubai Expo 2020, energy, science, technology, environment and climate change minister Yeo Bee Yin said, according to Bernama. She said Malaysia is targeting to secure 1,000 business leads and enter 20 partnership agreements during the six-month long expo. “The ten billion ringgit potential investments would be the result of strategic alliances in business leads and signing of mutual agreements,” she told a press conference in Kuala Lumpur on April 29. Also present was United Arab Emirates deputy head of mission to Malaysia, Nailofer Al Bastaki....

Reading Time: 2 minutes

Malaysia Hopes For $2.4 Billion In Investments From Dubai Expo 2020

Malaysia aims at ten billion ringgit worth of potential investments and business deals from the Dubai Expo 2020, energy, science, technology, environment and climate change minister Yeo Bee Yin said, according to Bernama.

She said Malaysia is targeting to secure 1,000 business leads and enter 20 partnership agreements during the six-month long expo.

“The ten billion ringgit potential investments would be the result of strategic alliances in business leads and signing of mutual agreements,” she told a press conference in Kuala Lumpur on April 29. Also present was United Arab Emirates deputy head of mission to Malaysia, Nailofer Al Bastaki.

On the potential investments, Yeo said it would depend on private sector participation in the six clusters, but definitely clean energy and green industry would be one of the biggest focuses.

The six clusters are sustainable agricultural and primary commodities; energy, science, technology and innovation and environment; culture and tourism; e-commerce and information and communications technology; trade and industry 4.0; and education, women and youth.

“We have over 200 slots for local companies from both the public and private sectors to showcase their products and solutions to the world via the Dubai Expo 2020,” Yeo said.

She said about 60 million ringgit would be spent to participate in the expo with the cost mostly sponsored by the private sector.

“Dubai Expo 2020 would be the largest platform for Malaysia to share its vision, aspirations, culture and heritage to the world,” she added.

Yeo also called for Malaysian companies to participate in the open tender for the design and concept of the Malaysia Pavilion in the expo.

“We also hope our local talents could use their creativity to design the pavilion to make Malaysia shine in the expo which will be attended by 190 countries,” she added.

The six-month long Dubai Expo 2020 will be held from October 20, 2020 to April 10, 2021 in Dubai. Themed “Connecting Minds, Creating the Future”, the event is expected to attract 25 million visitors.

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