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M'sian service providers urged to capitalise on opportunities in Timor Leste
Published on: Saturday, August 25, 2018

Kuala Lumpur: Malaysia External Trade Development Corporation (Matrade) has urged local service providers to look at Timor Leste in offering their expertise in services while looking for export opportunities.

Construction and Business Services Division Director Datin Rusiah Mohamed said the corporation had recently organised a mission to Dili, Timor Leste, from Aug 13-15 to identify areas of opportunities for Malaysian service providers.

"Apart from gaining insights into export opportunities in Timor Leste particularly in the professional services sector, the export acceleration mission was aimed at enhancing the bilateral trade between Malaysia and Timor Leste," she said in a statement on Friday.

Rusiah also said that the government of Timor Leste had been working to resolve the challenges it is facing such as the underdeveloped infrastructure and had recently developed a strategic plan with the aim to complete it by 2030.

"The plan aims to improve the quality of life, health and education standards in Timor Leste," she said.

To capitalise on Timor Leste's plan to develop its infrastructure, a total of 11 Malaysian companies, which are members of the Malaysian Services Providers Confederation, took part in this mission to promote their expertise in various fields including energy efficiency consultancy, infrastructure services and civil or structure engineering maintenance.

"There are various export opportunities in Timor Leste as the country is undergoing rapid development. Malaysia should capitalise on this and offer our services to this nation with a market size of 1.29 million people," she said.

During the three-day mission, seven memoranda of understanding between Malaysian companies and their Timor Leste's counterparts were signed in various fields. –Bernama

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