DUBAI, 21 February – Eight Malaysian companies today signed over US$47 million (RM197 million) in investments with companies based in the United Arab Emirates (UAE) during Sustainable Agriculture Week in Expo 2020 Dubai with the aim of boosting sustainable agriculture between the two nations.
Dubbed the culmination of the week that started today until Friday, the partnerships would help Malaysia promote and develop its potential in the field of sustainable agriculture by establishing strong commitments and strategies with the Arab Emirates. united as well as with other global players.
According to the Sustainable Agriculture Week implementing agency, Malaysian Bioeconomy Development Corporation, a total of five Memoranda of Understanding (MoU), two Memoranda of Understanding (MoA) and one sales contract have been signed. today.
Signatories to the five MoUs included the Malaysian Agricultural Research and Development Institute (Mardi) and the International Center for Biosaline Agriculture (ICBA); Agarwood Synergy Holdings Sdn Bhd and Tea & Coffee Museum LLC; MSD Innovation Sdn Bhd and Sweet Corn General Trading LLC; Tamara Nanoetech (M) Sdn Bhd and Hydromak; as well as Global Agro Asia Sdn Bhd with Standard & Origin Pvt Ltd of the Maldives.
Two MoUs have been signed between As Syura Trading & Recourses Bhd and Finefield Trading LLC of Egypt as well as DRS Trading Sdn Bhd and Ali Ghalomi Vegetables and Fruits LLC.
Meanwhile, the sales contract has been signed between Free the Seed and Bio4Pack Gmbh from Germany.
The signing ceremony was attended by the Malaysian Ambassador to the United Arab Emirates (UAE), Datuk Mohd Tarid Sufian.
During this highly anticipated event, Malaysian companies also launched and showcased some of their highly sought after agricultural products and services and used the platform to enter the regional market using the UAE as a gateway.
Sustainable Agriculture Week is one of 26 weekly trade and business programs hosted by the Malaysia Pavilion.
Malaysia’s Ministry of Science, Technology and Innovation is the lead ministry for Malaysia’s participation in Expo 2020 Dubai with the Malaysian Green Technology and Climate Change Corporation as the implementing agency. — Bernama