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 Business

M’sia generates RM12.681 bln, gets 619,337 visitors at EXPO 2017

080917_p1a
Dr Maximus (left) announcing the achievements of Malaysia’s participation at EXPO 2017

8th September, 2017

ASTANA, Kazakhstan: Malaysia has generated RM12.681 billion (USD2.949 billion) in business leads with Kazakh companies and other parties, and received over 619,337 visitors at the Malaysia Pavilion throughout the 13 weeks of EXPO 2017 here.

Minister of Energy, Green Technology and Water, Malaysia, Datuk Seri Dr Maximus Ongkili, said the total figure for potential trade and investment was garnered from 14 Memoranda of Understanding (MoU) signed and valued at RM5.046 billion (USD1.173 billion), as well as business matching sessions which received potential businesses worth RM7.634 billion (USD1.775billion).

“This surpasses the RM1billion (USD232.6 million) initial trade and investment target Malaysia had set for EXPO 2017,” he told a press conference after the closing of Malaysia-Kazakhstan Energy Business Forum here on Wednesday.

More than 200 government and business leaders from Malaysia and Kazakhstan attended the forum for a vibrant discussion on how both countries could realise the progress made towards a world powered by future energy.

The Memoranda of Understanding, he said covered the areas of green technology cooperation, education, oil and gas, innovation, water and wastewater, and entrepreneurship, as well as an MoU signed yesterday (Sept 7, 2017) between Malaysia’s Accobiotech Sdn Bhd and Kazakhstan’s Medilab to market the former’s medical products in Kazakhstan.

In terms of visitors, Malaysia Pavilion hosted 619,337 visitors as of September – well surpassing its target of 200,000 visitors.

Dr Maximus added that Malaysia Pavilion had achieved remarkable success, being among the top most visited pavilions and most active for business programmes at EXPO 2017.

“We clearly reaffirmed our commitment to Powering Green Growth and showcased that renewable energy, energy efficiency and sustainable practices must work in unison to create a green future.

“I am also proud to say that we proved leadership in Powering Green Growth can emanate from an emerging market.

“Our Pavilion was selected for Honourable Mention for Best Interpretation of Theme by the prestigious US-based Exhibitor Magazine, proving that inspiring future energy solutions does not have to come from just the developed markets.

“In fact, we have repeatedly made our voice heard at EXPO 2017 to encourage all nations to live up to our COP-21 pledges,” he said.

Besides serious business programmes, Malaysia Pavilion also embarked on a social media campaign to reach out to the masses and invited the world to use their social power to inspire green growth conversations.

Dr Maximus also thanked all who provided their social power and created a Butterfly Effect emanating from EXPO 2017 that has so far reached over 20 million people around the world with green growth inspirations.

“A special thanks goes out to His Highness, Tengku Amir Shah ibni Sultan Idris Shah, Crown Prince of Selangor, for lending his social power, support and launching of the #MyButterflyEffect campaign earlier this year”.

The #MyButterflyEffect campaign is still ongoing and as launched at the start of EXPO 2017, Malaysia will add one watt of solar power for every social post with #MyButterflyEffect.

In his closing remarks at the forum, Dr Maximus said the event was a clear representation of the success that Malaysia and Kazakhstan have had at EXPO 2017.

And, he also outlined three outcomes that Malaysia would work towards to realise future energy:

1. Malaysia will work with its Kazakhstan counterparts to realise the bold intent to achieve the mutually equivalent renewable energy generation mix target of 50% by 2050. Malaysia has rolled plans and programmes such as the National Energy Efficiency Action Plan (NEEAP) 2016-2025 to jumpstart an energy-efficient culture in the country. 2. To enhance and export green energy financing solutions underpinned by Islamic Finance principles. 3. Malaysia will continue the momentum gained in trade ties with Kazakhstan by starting to realise the MoUs signed and partnerships made during EXPO 2017. “I am very confident that both countries can work hand-in-hand to realise the common vision of a cleaner and brighter future for our next generation,” Dr Maximus said.

   
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