CEO Morning Brief

Zafrul Says RM700m Potential Exports Secured During PM's Visit to Qatar

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Publish date: Wed, 15 May 2024, 10:28 AM
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TheEdge CEO Morning Brief

DOHA (May 13): Malaysia secured potential exports of products and services totalling RM700 million during Prime Minister Datuk Seri Anwar Ibrahim's brief official visit to Qatar.

The export commitments were made by various Qatari captains of industry during a business round-table meeting with Anwar earlier on Monday, announced Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz at a dinner with the Malaysian diaspora here.

The dinner, hosted by the prime minister, was attended by some 500 Malaysians.

“We have received commitments totalling RM700 million. It is a testament to the confidence of Qatari companies in our products and services.

“Besides that, we also see the potential of West Asia, which represents a large market that Malaysia can explore,” Tengku Zafrul told reporters after the dinner.

Earlier in the day, 45 prominent Qatari captains of industry from 36 companies attended the round-table meeting, representing sectors such as food and food processing, pharmaceuticals, building materials, real estate and construction, education, hospitality and healthcare, finance, aviation, retail/distribution, and the digital economy.

During the round-table dialogue, Anwar, who is also the finance minister, reiterated Malaysia’s commitment to strengthening bilateral ties with Qatar, particularly in trade and investment.

He emphasised Malaysia’s compelling value proposition, where robust infrastructure, the rule of law, skilled and trainable talent, disciplined project implementation, and a vibrant business ecosystem make it an attractive destination for investors aspiring to make Malaysia their strategic manufacturing or services hub for the Asian market, to capture fresh opportunities for growth and diversification.

The round-table meeting was also attended by Foreign Minister Datuk Seri Mohamad Hasan and Higher Education Minister Datuk Seri Dr Zambry Abd Kadir.

During the meeting, existing investors and importers expressed their appreciation for Malaysia’s efforts in creating an enabling environment for investment and business growth.

The discussions underscored Malaysia and Qatar’s shared commitment to exploring new avenues for cooperation by capitalising on the synergies between the two economies.

Source: TheEdge - 15 May 2024

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