Kuala Lumpur, 16 Jun 2022,
The Malaysia External Trade Development Corp (Matrade) is facilitating the participation of 15 Malaysian companies in Megabuild Indonesia 2022, as part of the continuous efforts to promote Malaysian capabilities in the construction and building materials industry.
The exhibition will be held at the Jakarta Convention Centre (JCC) from today through Sunday.
Matrade said the initiative is timely as there is a rising demand for construction services and building materials in Indonesia, driven by residential projects and investment in infrastructure, in cities across the republic.
Matrade Construction and Business Services Section director Idzham Abdul Hamid said the main objectives of attending were to promote Malaysian products and services, explore business opportunities and collaborate with potential strategic Indonesian partners.
“Among the products and services that will be promoted at Megabuild 2022 include architecture, engineering, project management and construction services, aviation lightings, glass coating and water tanks,” he said.
“In addition, green and sustainable products, such as solar power and electric vehicle (EV) charger solutions, will also be showcased at the Malaysia pavilion.”
Matrade said as one of the world’s fastest-growing economies, Indonesia offers significant opportunities for businesses in a wide range of sectors.
Early this year, it said that Indonesia’s Parliament passed the Capital City Bill that would allow the construction of the country’s new capital could begin, ahead of the planned relocation from Jakarta, starting as early as 2024 to East Kalimantan province.
Nusantara, the new capital, will span 256,105.31 hectares, almost four times the size of Jakarta, and as such, this ambitious project will attract investors from a variety of industries globally.
Hence, Matrade said it would need both soft and physical infrastructure, including urban utilities, toll roads, manufacturing, seaports and airports, and network and communications, among others.
“Due to that, East Kalimantan is being predicted to see a 47.7% growth in real investment. Interested Malaysian parties should enhance their presence in the country and other Malaysian companies are encouraged to explore business opportunities in Nusantara through Matrade network, it added.
“Some of the potential projects readily available include the Rebana Project in West Java that can serve as a catalyst for Malaysian companies to have a bigger presence in Indonesia, especially in the new capital city in Kalimantan Timur,” said the development corporation. — Bernama
Source: The Star
Full Article: https://www.thestar.com.my/business/business-news/2022/06/16/matrade-to-take-malaysian-construction-to-indonesia
