Malaysian Furniture Exhibitors Triumphed at Their First Appearance in Index Saudi Arabia 2024
KUALA LUMPUR, 27 SEPTEMBER 2024 (FRIDAY) - Malaysian companies’ participation in INDEX Saudi Arabia 2024, held from 17 – 19 September 2024 in Riyadh, Saudi Arabia made a positive impact. Coordinated by the Malaysia External Trade Development Corporation (MATRADE), in collaboration with Malaysian Timber Industry Board (MTIB), the first appearance of Malaysia pavilion at the event captured the attention of buyers from the Middle East and North Africa (MENA) region.
Despite many companies being first-time participants at the show, Malaysian businesses achieved resounding success, reinforcing the nation’s reputation as a renowned exporter of premium furniture. Malaysia’s presence at INDEX Saudi Arabia provided opportunities for stronger relationships between Malaysian exhibitors and regional partners, opening doors for greater market access.
MATRADE’s Chief Executive Officer, Datuk Mohd Mustafa Abdul Aziz stated, “The furniture market size and growth in Saudi Arabia ranks first in the MENA region, which is projected to reach USD10.64 billion by 2029. The seamless collaboration between MATRADE and MTIB at INDEX Saudi Arabia empowered Malaysian companies to thrive in the Middle East—an exciting market with immense growth potential. Our companies gave overwhelmingly positive feedback, with many expressing their satisfaction over the effective business meetings arranged and the calibre of the Saudi partners they connected with. We are confident that these engagements will pave the way for long-term success of Malaysian furniture industry."
“The collaboration between MTIB and MATRADE marks a pivotal moment in advancing Malaysia’s global footprint, particularly in the timber industry. By working together, we are not only increasing the visibility of our local companies but also enhancing their competitiveness on the international stage. Our participation in INDEX Saudi Arabia 2024, will be a key opportunity to showcase Malaysia’s high-quality timber products and services. This event provides an excellent platform to build strategic partnerships, strengthen trade relations, and highlight Malaysia’s capability to meet global demands with innovation and sustainability at the forefront,” expressed Saiful Bahri Salleh, Director General of MTIB.
“We are honoured to participate in the INDEX Saudi Arabia and look forward to MATRADE’s continued efforts in organising similar programme that enable furniture businesses to explore opportunities in emerging markets and strengthen connections within the industry. The in-person engagements were highly beneficial, resulting in successful business dealings and paving the way for further opportunities,” said Matthew Law, Director of Jemaramas Jaya Sdn Bhd, a participating exhibitor who also the Vice President of Malaysia Furniture Council (MFC).
From January to August 2024, Malaysia's total global furniture trade surged by an impressive 15.5%, reaching RM11.73 billion. Exports led the charge, with a robust double-digit growth of 11.7%, soaring to RM8.34 billion compared to the same period in 2023. The impressive growth reflects not only a recovery but also showcasing the Malaysian furniture industry’s resilience and adaptability as well as the rising of global competitiveness.
