MATRADE Continues to Boost Malaysia’s Construction and Related Services Exports in Indonesia
KUALA LUMPUR (Dec 28): The Malaysia External Trade Development Corporation (MATRADE) in collaboration with Invest Selangor Berhad (ISB) spearheaded a delegation of 23 companies spanning various construction and related services such as infrastructure, architecture, quantity surveying, power generation, renewable energy and water treatment in the Export Acceleration Mission (EAM) to Jakarta, Indonesia held from 18 – 21 Dec 2023.
The mission sought to gather first-hand insights on potential business opportunities and collaborations relating to the development of construction industry in Indonesia, particularly Ibu Kota Nusantara, the new national capital. The objective of this mission was impetus through consultation by MATRADE with Invest Selangor Berhad, Professional Services Productivity NEXUS of the Malaysian Productivity Corporation (MPC), Malaysian Service Providers’ Confederation (MSPC), Building Materials Distributors Associations of Malaysia (BMDAM) and The Small & Medium Enterprises Association (SAMENTA).
The Embassy of Malaysia in Indonesia provided full support for this mission. MATRADE collaborated with Otorita Ibu Kota Nusantara (OIKN), Ministry of Public Works and Housing Indonesia (PUPR), Kamar Dagang dan Industri Indonesia (KADIN), Dinas Penanaman Modal dan Pelayanan Terpadu Satu Pintu (DPMPTSP) Kalimantan Utara, Nusantara Global Investors Initiatives and Himpunan Pengusaha Muda Indonesia (HIPMI) to organise various programs and engagements throughout the mission.
The Trade Commissioner of MATRADE Jakarta, Mr Suresh R. Palasanthiran said in view of the vast opportunities in Indonesia, potential development projects to be explored include construction, tolled highways, clean water and sanitation, engineering services, power stations, energy, clean water and telecommunications. He added that, “The business networking session serves as a platform for companies to interact and gather information on potential project opportunities as well as to build strategic partnerships with their Indonesian counterparts.
This is also reflected in the outcome of EAM, which generated total sales of RM334 million. More than 93 business meetings attended by key construction industry players such as PT. Waskita Karya (Persero) Tbk, PT. Adhi Karya (Persero)Tbk and PT. Pembangunan Perumahan (Persero) Tbk.
“The assemblage of the business fraternity of the construction industry augurs well for Malaysian players in Indonesia as many have participated in the B2B sessions. We have managed to create new counterparts as well as strengthened existing collaborations. We even signed a new Memorandum of Understanding (MoU) with an eminent Indonesian architectural firm”, said Ar. Ts. Mustapha Kamal Zulkarnain from Arkitek Mustapha Kamal.
In 2022, Malaysia’s construction services exports amounted to RM6.1 billion, with imports valued at RM4.8 billion. Malaysia’s overall services export reached RM140.3 billion. The strengths of Malaysian construction sector can be attributed to the capabilities of Malaysian construction companies in successfully executing projects namely construction of buildings, roads and highways, railways, bridges and airports, water treatment and power plants, steel structure fabrication, installation and erection, mixed-use development projects encompassing housing, hotels, leisure and luxury residences as well as building maintenance including for high-rise towers.
