Malaysia External Trade Development Corporation (MATRADE) is set to spearhead an initiative aimed at promoting Malaysian construction and related companies.
This effort will be carried out through MATRADE’s Export Acceleration Mission (EAM) on construction and related services to Indonesia, scheduled to take place from 18 – 21 December 2023.
The 4-day mission will feature few series of programs with the Ministry of Public Works and Housing Indonesia (PUPR), Otorita Ibu Kota Nusantara (OIKN), Dinas Penanaman Modal dan Pelayanan Terpadu Satu Pintu (DPMPTSP) Kalimantan Utara, Badan Pengusahaan Kawasan Perdagangan Bebas dan Pelabuhan Bebas Batam (BP Batam), Nusantara Global, Himpunan Pengusaha Muda Indonesia (HIPMI), including presentation and pitching sessions as well as pre-arranged business meetings with potential partners which to be organised by MATRADE.
These engagements will promote and enhance exports of Malaysian construction and related services to Indonesia.
MATRADE Deputy CEO, Madam Sharimahton Mat Saleh, expressed, “The construction industry in Indonesia is estimated to reach IDR 333 trillion in 2023, which includes 47% in the civil sector and 53% in the building sector. The Indonesian government is committed to increase investment in the infrastructure sector. MATRADE has organised flagship events and programme dedicated to accelerate Malaysia’s exports of products and services to Indonesia. This ongoing initiative underscores MATRADE’s commitment to assist Malaysian companies in securing potential business prospects through strategic partnerships or joint ventures. Notably, this effort will focus on the emerging opportunities presented by Indonesia’s new capital, Nusantara in Kalimantan.”
The Malaysian delegations, comprising representatives from MATRADE, Kementerian Kerja Raya (KKR), and Invest Selangor, include a total of 24 companies and government department with 45 representatives this year.
They offer high-quality services in areas such as construction, architecture, property projects, engineering services, electronics, and infrastructure.
The mission is strategically aimed at project creation, development, implementation, and sustainability.
In 2022, Malaysia’s total exports of construction services was valued at RM6.1 billion while imports valued at RM4.8 billion. The overall Malaysia’s export in services stood at RM140.3 billion.
Strengths of Malaysian construction sector are attributed by capabilities of Malaysian construction companies to implement projects namely construction of buildings, roads and highways, railways, bridges and airports, water treatment and power plants; steel structure fabrication, installation and erection; mixed development projects including housing, hotels, leisure and luxury residences; and building maintenance, including for high-rise towers.
