The UAE and Malaysia have enhanced their economic ties through two new cooperation agreements signed during the State of Selangor Week, one of the 26 weekly thematic trade business programs hosted by the Malaysian Pavilion throughout Expo 2020 Dubai.
Northport (Malaysia) Bhd & UAE Sea Hawk Lines Shipping LLC
In the first collaboration agreement, Malaysia-based Northport (Malaysia) Bhd, a member of the MMC Group, signed a strategic cooperation agreement with UAE-based Sea Hawk Lines Shipping, to develop a traditional liquid bulk business in Northport’s facilities.
Liquid bulk cargo is usually unpacked in different sizes and transported by purpose-built containers from one port to another or often called tankers – to facilitate the loading and unloading process. These commodities include sunflower oil, canola oil, corn oil, caustic, palm oil, and sulfuric acid.
The agreement was signed by Dato’ Azman Shah Mohd Yusof, Chief Executive Officer of Northport, and Mr. Mani Krishnan, Director of Sea Hawk.
Under the agreement, both parties will engage in knowledge sharing to exchange expertise, technical capabilities, and resources, to locate North Port, Selangor, as Sea Hawk’s Liquid Bulk Customers’ regional distribution center in the ASEAN Region.
Lulu Group International & Invest Selangor Berhad
The second collaboration agreement was between Lulu Group International and Invest Selangor Berhad to continue their partnership to enhance the profile of Selangor’s entrepreneurs on all of Lulu Platforms in Malaysia.
This is a golden opportunity for Malaysian SMEs to showcase their products and services across Lulu’s extensive business network. This collaboration affirms to the desire of both parties to create an ecosystem that adds value to the business of these entrepreneurs.
The Honourable Dato’ Teng Chang Khim, Selangor State Executive Councilor for Industry and Trade stated that “There has been a keen interest to learn more about and invest in Selangor because of its strategic location, existing infrastructure and port which has been there for more than 100 years. Our focus is to build opportunities for our SMEs globally, as well as encouraging businesses to set up base in Selangor and take advantage of our initiatives.”
Dato ‘Teng added that Lulu International is well established throughout the UAE and Malaysia and this collaboration is in line with the State’s objectives of increasing access to entrepreneurs in the state to grow their business in the retail industry.
State of Selangor Week provided 15 companies from Selangor with a global platform through 158 scheduled business matching meetings with several potential buyers from Gulf Cooperation Council countries and Europe to expand their business.
In the first three months of the Expo, Malaysia’s robust trade and business program in Expo 2020 Dubai has seen its participating companies generating over $8.38 billion in trade and investment with the global business community.
Malaysia’s participation in Expo 2020 Dubai is led by the Ministry of Science, Technology and Innovation with Malaysian Green Technology and Climate Change Corporation as implementing agency. The weekly programs are led and supported by 21 ministries, five state governments and 70 government agencies, with the participation of about 300 companies.