MATRADE Boost Construction Sector. RM334mn Deal in Indonesia

MATRADE, along with Invest Selangor, led a delegation of 23 Malaysian construction and related service companies to Jakarta from December 18 to 21, 2023.

Their aim was to explore opportunities in Indonesia’s construction sector, particularly in the new national capital development. Supported by the Malaysian Embassy and collaborating with Indonesian entities, MATRADE engaged with key organizations such as OIKN, PUPR, and KADIN.

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Matrade boost to construction sector

The Trade Commissioner highlighted potential areas like construction, highways, clean water, energy, and telecommunications in Indonesia. The mission resulted in sales of RM334 million through over 93 business meetings, including collaborations and a new MoU signed with an Indonesian architectural firm by Arkitek Mustapha Kamal.

In 2022, Malaysia’s construction service exports hit RM6.1 billion, contributing to the country’s RM140.3 billion overall services exports. This success was attributed to Malaysian construction firms’ expertise in various projects like infrastructure, water treatment, and power plants, showcasing their strength in the global market.

“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”, says Mr Suresh R. Palasanthiran, Trade Commissioner of MATRADE Jakarta.