Three MOUs worth over RM100 million signed between three Small and Medium Enterprises (SMEs) with three global business partners in Malaysia Pavilion during the Expo 2020 Dubai.
The first MoU signed between Malaysia’s Fario Holdings Sdn Bhd and Miko Koffie NV of Belgium is to set up a joint venture ocmpany for the purpose of establishing coffee processing, packing, and distriution facilities.
The second MoU between Govicle Sdn Bhd and Six Day Company LLC is to market and expand Govicle’s smart mobility solutions in the Middle East and explore feasible business opportunities.
The third MoU between Malaysia’s PropEasy Sdn Bhd and UAE’s Mahaley Marketing and PR EST is in relation to marketing efforts and identifying business prospects in the UAE.
The three Malaysian SMEs are part of the 17 high-performing Malaysian start-ups and SMEs who joined the Malaysian delegation to Expo 2020 Dubai – Malaysia SME Week.
The seventeen high-performing startups and SMEs from Malaysia have been selected to be introduced to potential global business partners at Expo 2020 Dubai in the UAE. The industry focus highlighted through startups and SMEs this time around includes Artificial Intelligence (AI) Technology and Innovation; Medicine and Health; and Drone related services.
In addition, companies participating in the Expo will be directly involved in activities organised at the Malaysia Pavilion such as business matching sessions, product and service introduction sessions as well as business pitching to potential investors. The companies have been mentored by SME Corp. Malaysia as well as several other agencies under MEDAC. They were also selected because of their readiness to achieve international standards for the services or goods marketed.
The Malaysian SME Week at the Expo which started from 13 to 18 February 2022 with the theme “StartUps Local, End Up Global” is led by the Ministry of Entrepreneur and Cooperative Development (MEDAC), through the implementing agency SME Corp. Malaysia, which focuses on startups and SMEs in driving national economic development through innovation -driven companies. Participants include SME Bank Berhad and Perbadanan Nasional Berhad (Pernas).
Meanwhile, in an effort to boost the synergy of MEDAC’s involvement in conjunction with Expo 2020 Dubai, two additional programs were implemented simultaneously, namely Export Acceleration Mission and Business Export Programme 2.0 by SME Bank involving 11 Bumiputera SMEs and Franchise Engagement Programme by Pernas.
