KUALA LUMPUR – The country’s efforts to integrate its small and medium enterprises (SMEs) into the global value chain have nearly reached another milestone with the inaugural networking session between the Ministry of Entrepreneur Development and Cooperatives (MEDAC) and diplomatic representation from 17 Arab countries.
MEDAC minister Tan Sri Noh Omar said Malaysia acknowledges the importance of SMEs in the economies, thus, it is important to continue fostering, strengthening, and deepening bilateral economic, trade, and investment linkages, with SMEs taking the centre stage.
The diplomatic representation entails 17 countries, namely Algeria, Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Somalia, Sudan, the United Arab Emirates, and Yemen.
SME Corp chief executive officer Rizal Nainy said international buyers from the Middle East, as well other parts of the world can now easily source for the products and services of Malaysian SMEs through the MatchME platform.
“Introduced in June 2021, MatchME is a digital platform connecting SME companies with anchor companies such as MNCs (multinational corporations), GLCs (government-linked companies), supermarkets, and large companies locally and internationally.
“Since its inception, 740 MSMEs (micro SMEs), as well as 93 MNCs and large companies from Malaysia and abroad have participated in virtual business matching through this platform, generating RM38 million in potential sales,” he said in a statement.
Meanwhile, 18 Malaysian start-ups and SMEs would participate in Expo 2020 Dubai from February 13-19.
These enterprises will be showcasing state-of-the-art technologies and solutions to vie for attention of investors and business partners.