4 days ago
GATE 2025 Set To Attract RM500 Mln In Trade, Investment Value -- MARii
BUSINESS
Chief Executive Officer of Malaysia Automotive, Robotics and IoT Institute (MARii) Azrul Reza Aziz speaks to reporters during the Global Automotive and Technology Expo (GATE) 2025 Premiere at Kuala Lumpur Convention Centre (KLCC) here today.
Chief Executive Officer of Malaysia Automotive, Robotics and IoT Institute (MARii) Azrul Reza Aziz (fourth, right) poses for a group photo with supporting partners during the Global Automotive and Technology Expo (GATE) 2025 Premiere at Kuala Lumpur Convention Centre (KLCC) here today.
KUALA LUMPUR, Aug 15 (Bernama) -- The Global Automotive Technology Expo (GATE) 2025 is set to attract around RM500 million in terms of trade and investment value, said its co-organiser, the Malaysia Automotive Robotics and IoT Institute (MARii).
MARii chief executive officer Azrul Reza Aziz said the expo (exposition) targets higher trade activities from the automotive sector supply chains and foresees the potential to integrate semiconductor into the automotive sector.
He said GATE 2025 would serve as a business matching platform where local automotive vendors could directly engage with global players.
'It will be a global gathering point for industry players who are actively seeking to increase localisation and source components for their global supply chains.
'Local players can find the opportunity to export their products overseas as well,' he told reporters after the GATE 2025 Premiere event here today.
He also expected more international collaborations with up to 10 memoranda of understanding to be exchanged during the event.
'We also anticipate a 70 per cent local and 30 per cent international vendor participation, reflecting our dual commitment to elevating Malaysia's domestic capabilities while creating strong opportunities for technology transfer and foreign collaboration,' he said.
Azrul Reza also said GATE 2025 is on track to welcome over 350 companies and 20,000 visitors from China, France, Germany, and other key markets across Europe, the Middle East and ASEAN.
Currently, up to 60 per cent of 350 companies have confirmed their participation for the event, he said.
