Malaysian SME’s Secure RM1.1 Billion Investment From Turkiye

After a spate of mega investment commitments from China by Prime Minister Datuk Seri Anwar Ibrahim, another trade mission led by SME Corporation to Turkiye also bore fruitful results.

The agency under the Ministry of Entrepreneur and Cooperatives Development secured RM1.1 billion worth of trade value through 10 Malaysian Small and Medium Enterprises.

During the nine-day mission, a total of 97 business discussions on sourcing of products and services were held, involving 72 prominent Turkiye companies and 10 Malaysian companies in the food & beverage, pharmaceutical, personal & healthcare, oil & gas, and solar system sectors.

Stakeholders from Turkiye include the Small and Medium Enterprise Development Organisation of Turkiye (KOSGEB), Turkiye Halal Certification Body (GIMDES), Independent Industrialist and Businessmen’s Association (MUSIAD), GEBZE Chamber of Commerce, KOCAELI Chamber of Commerce and SAKARYA Chamber of Commerce.

The mission also saw several joint ventures sealed involving PS Polypack Sdn. Bhd. with Pimtas Plastik, Agym Nutrition Sdn. Bhd. with Yeni Elif and Avecena Glove Sdn. Bhd. with Gebze Guzeller, as well as the signing of a Memorandum of Understanding between Petro Teguh (M) Sdn. Bhd. and Asas Corporation of Turkiye.

Rizal bin Nainy, CEO of SME Corp. Malaysia, said that “The mission is part of SME Corp. Malaysia’s effort to enhance the pre-export capabilities of SMEs and increase the number of export-ready SMEs as well as create more opportunities for Malaysian
business communities to venture into the global market. SME Corp. Malaysia also offers several other initiatives to support the internationalisation of SMEs under its SMEs Export Enhancement Programme which is now open for application since 15
March 2023. This programme promotes transformation of SMEs into the global market by creating a clear market-based framework through the provision of financial assistance in the form of matching grants for various export-related activities.

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