MALAYSIA Trade Development Corp (Matrade) has seen encouraging response to its third United Arab Emirates (UAE) buying mission despite the Severe Acute Respiratory Syndrome (SARS).
Dubai-based Matrade manager Ali Boualili said the 16-member delegation from 13 companies based in UAE and Qatar would meet with some 180 entrepreneurs and business representatives from the Malaysian business community over the three-day business sessions, which started on June 9.
“The response has been encouraging,'' Ali told a press conference in Kuala Lumpur on Wednesday.
The delegation comprised companies involved in the construction and chemical industry as well as electrical and electronic traders. Among the most sought-after products by the UAE delegation were building materials, hardware and tools, electrical and electronics appliances and parts, telecommunications products, food products, horticulture products, components and accessories and rubber products.
Ali said Matrade expected total trade value generated by the third buying mission to match that achieved by last year's UAE buying mission, which generated RM1.5mil in sales during the three-day session. The last buying mission had successfully generated between RM5mil and RM6mil in trade.
Matrade had been forging trade ties between Malaysian and the Middle East for the past 10 years, but this was the third buying mission it had organised from the UAE.