Matrade to bring Malaysian construction to Indonesia
KUALA LUMPUR: The Malaysia External Trade Development Corp (Matrade) is facilitating the participation of 15 Malaysian companies in Megabuild Indonesia 2022, as part of continued efforts to promote Malaysian capabilities in the construction and building materials industry.
The exhibition will be held at the Jakarta Convention Center (JCC) from today to Sunday.
Matrade said the initiative is timely as there is a growing demand for construction services and building materials in Indonesia, driven by residential projects and infrastructure investments, in cities across the republic.
Idzham Abdul Hamid, director of the construction and business services section of Matrade, said the main objectives of the participation were to promote Malaysian products and services, explore business opportunities and collaborate with strategic partners. potential Indonesians.
“Among the products and services to be promoted at Megabuild 2022 are architecture, engineering, project management and construction services, aviation lighting, glass cladding and water tanks,” said he declared.
“In addition, green and sustainable products, such as solar power and electric vehicle (EV) charging solutions, will also be showcased at the Malaysia Pavilion.”
Matrade said that as one of the fastest growing economies in the world, Indonesia offers significant opportunities for businesses in a wide range of sectors.
Earlier this year, he said Indonesia’s parliament had passed the capital bill that would allow construction of the country’s new capital to begin, ahead of Jakarta’s planned move, as early as 2024 to Kalimantan province. Oriental.
Nusantara, the new capital, will span 256,105.31 hectares, almost four times the size of Jakarta, and as such this ambitious project will attract investors from various industries globally.
Therefore, Matrade said it would need both soft and physical infrastructure, including urban utilities, toll roads, manufacturing, seaports and airports, and network and communications. , among others.
“Because of this, East Kalimantan is predicted to experience 47.7% growth in real investment. Interested Malaysian parties are expected to increase their presence in the country and other Malaysian businesses are encouraged to explore business opportunities in Nusantara through the Matrade network, he added.
“Some of the readily available potential projects include the Rebana project in West Java which can act as a catalyst for Malaysian companies to have a greater presence in Indonesia, especially in the new capital of Kalimantan Timur,” the company said. of development. — Bernama