MONDAY, APRIL 2, 2018, KUALA LUMPUR: A total of RM 315.50 million potential sales were secured through International Sourcing Programme (INSP) coordinated by Malaysia External Trade Development Corporation (MATRADE), in collaboration with the Construction Industry Development Board (CIDB) Malaysia. This is another successful year for MATRADE on its one-to-one business matching programme held on 27 March 2018 at Kuala Lumpur Convention Centre (KLCC), in conjunction with the International Construction Week (ICW) 2018.
This year, 19 buyers from 12 countries namely Cambodia, Egypt, India, Indonesia, Vietnam, South Korea, Myanmar, the Philippines, South Africa, Sri Lanka, Thailand and Turkey participated in this INSP ICW 2018 event. A total of 158 business meetings were arranged by MATRADE with Malaysian companies to supply products and services needed by these foreign buyers. Among potential products and services identified include road patch mix, bitumen emulsions, sanitary ware, asphalt, road marking, park furniture, paints and coating, river and silica sand, metal parts, moulding, cables, smart city and energy savings solution, aircond chiller, formworks, trading, roofing, metal doors, water heaters, water proofing, sewerage treatment and waste water plants and BIM software consultancy and training.
ICW is the largest and the most important annual event covering the full spectrum of construction industry across Malaysia and South East Asia. The event brings together construction industry players under one roof to showcase, learn, build partnerships and share innovative ideas.
“The International Sourcing Programme (INSP) in conjunction with the International Construction Week (ICW) 2018 was MATRADE’s fourth participation in the series since 2014. A similar program was successfully held last year. Malaysian companies are encouraged to leverage on this platform to promote and sell their products and services to these potential buyers”, said Puan Rusiah Mohamed, Director of Construction and Business
In 2017, Malaysia’s total export of building materials were valued at RM 29.79 billion accounted for a market share of 3.2 per cent of the total Malaysian exports worldwide. Major exported building materials from Malaysia last year were wood products, sawn timber and moulding, manufactures of metal, iron & steel products and non-metallic mineral products.
Malaysia’s total export of construction services was valued at RM 4.18 billion, an increase of 2.4 per cent from RM 4.09 billion during the same period in 2016.
MATRADE as Malaysia’s export promotion agency offers various facilitation for Malaysian companies in areas such as market intelligence and trade advisory as well as export promotion and capacity building programmes. The agency, under Ministry of International Trade and Industry, has 46 trade offices around the world. For more information on MATRADE, please visit www.matrade.gov.my.