Qatar-Malaysia trade, economic ties set to witness major boost

Qatar-Malaysia bilateral trade and economic relations are set to witness major boost in the coming years as both sides are working aggressively to expand cooperation. A trade delegation from Malaysia representing a wide range of sectors, including leading suppliers of building and construction materials, medical devices and products other manufacturing industries, is participating in this year’s edition of the Project Qatar, which kicked off yesterday at the Doha Exhibition and Convention Centre.

The trade delegation spearheaded by MATRADE, a trade and export promotion arm of the Malaysian government, has 14 representatives offering their expertise in facility management, latex medical glove, cleaning and sanitizing products, stethoscope, wood, plastic composite wall tiles, fibre mastic advanced asphalt, advanced insulation material, interior design and building information modeling.

The Malaysia External Trade Development Corporation (MATRADE) will focus on Malaysian new technology in building material and medical device as well as promoting expertise in the facility management. This mission will include series of exclusive sessions for Malaysian companies to collaborate with Qatari business community on promoting their products and services.

Mansor Shah Wahid (pictured), MATRADE’s Director for Central, West Asia and Africa, who is also the leader of delegation, said: “The companies are expected to highlight their value proposition on offering their latest products and services and at the same time comply with the latest trend and market demands in the Qatar. Qatar has been one of our major markets in the region. This can be seen from our bilateral trade with Qatar showed positive trend and series of officials and business delegation exchange visit from Qatar and Malaysia. This was supported on discussion to further strengthen both countries cooperation through Malaysia-Qatar

Joint Business Council early this year.” Wahid added: “Total trade Malaysia and Qatar registered 36 per cent growth in 2018 and Qatar is Malaysia’s 5th trading partner in the region. This mission will be MATRADE’s second business delegation programme to Qatar this year and today, we bring you expertise on construction, medical device and pharmaceutical companies to collaborate with business community here. The ongoing implementation of major development projects across various sectors made us eager to be part of Qatar’s long-term vision.

The bilateral trade volume between Qatar and Malaysia reached $915m (QR3.33bn) where Malaysia’s export to Qatar registered 37 per cent growth amounting to $246m. Malaysia’s major export to Qatar includes machinery parts, processed foods, palm oil products, iron and steel products and manufacturers of metal. Malaysia’s continue sourcing chemical products, crude petroleum and petroleum products from Qatar.

Source from: The Peninsula