KUALA LUMPUR: The Malaysia External Trade Development Corporation (MATRADE) will be 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 run from June 16 (tomorrow) to 19 at the Jakarta Convention Centre (JCC).
In a statement today, MATRADE said this 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 the participation were to promote Malaysian products and services, explore business opportunities, and collaborate with potential strategic Indonesian partners in construction-related projects.
“Among the products and services that will be promoted at the Megabuild 2022 include architecture, engineering, project management and construction services, aviation lightings, glass coating and water tanks.
“In addition, green and sustainable products such as solar power and electric vehicles (EV) charger solutions will also be showcased at the Malaysia Pavilion,” he shared.
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 Indonesia’s Parliament passed the Capital City Bill into law so that 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 occupy 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 will 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 predicted to see a 47.7 per cent growth in real investment. Malaysian interested parties should enhance their presence in the country and other Malaysian companies are encouraged to explore business opportunities in Nusantara through MATRADE network.
“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,” the development corporation added.
In addition to Megabuild Indonesia 2022, MATRADE will also coordinate the participation of Malaysian companies in other international trade fairs, including Acetech Mumbai from Nov 10 to 13 and The Big 5 Dubai from Dec 5 to 8, to further assist Malaysian exporters in securing new markets.
Malaysian exporters, who are interested in penetrating the Indonesian market, may contact MATRADE Jakarta at firstname.lastname@example.org to receive market updates, business contacts, and information on business opportunities.
For more information on MATRADE’s assistance in the construction and building materials industry, contact Mohd Saiful Arifin at email@example.com or Nur Nadia Naim (firstname.lastname@example.org). – BERNAMA