Mid-tier companies in 2022 persist in flourishing and achieving remarkable milestones

Dato’ Seri Reezal Merican Naina Merican, MATRADE’s Chairman acknowledged the perseverance and outstanding achievements of the Mid-tier companies.

He presented the Impact Tracking Report of Mid-Tier Companies Development Programme (MTCDP) for the year 2022, where they have successfully registered RM33.9 billion of cumulative annual revenue, of which RM20.9 billion (or 61 percent) were generated from exporting activities.

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Dato’ Seri Reezal Merican adds, “The export revenue grew nearly 18 percent compared to previous year. MTCs had successfully set up their footprints in 55 international markets whereby among the top markets penetrated were Australia, USA and Greece.”

“Mid-tier companies have also bolstered the supply chain by engaging more than 9,000 micro, small and medium enterprises (MSMEs) as their vendors or suppliers. MTCs have also created more than 5,500 new jobs, especially skilled jobs such as technicians and engineers, reflecting their commitment in upskilling, reskilling as well as cross-skilling to meet the new demand of the industries,” says YB Dato’ Seri Reezal Merican.