Building & Investment March - April 2022

Page 8

NEWS & EVENTS

IGEM 2021 event generated RM4.6 billion in business leads

A total of RM4.6 billion in business leads was generated at IGEM 2021. Datuk Mansor Othman, Deputy Minister of Environment and Water, addressing the media during a briefing. On his left is MGTC’s CEO, Shamsul Bahar Mohd Nor and on his right is MIDA’s CEO, Datuk Arham Abdul Rahman.

Several trade and government agencies, including the Ministry of Environment and Water (KASA), the Malaysian Green Technology and Climate Change Corporation (MGTC), Malaysian Investment Development Authority (MIDA), and the Malaysia External Trade Development Corporation (MATRADE), recorded cumulative business leads worth RM4.6 billion through Memorandum of Understandings and Memorandum of Cooperation agreements at the 12th International Greentech & Eco Products Exhibition & Conference Malaysia (IGEM 2021), held virtually over six months from July to end December last year. Themed “Redefining Sustainability”, IGEM 2021 focused on delivering sustainable economic and social well-being in a planetfriendly manner. The trade event achieved commendable results, recording over 15,000 policy makers, entrepreneurs, industry experts and other delegates, from over 50 countries, who explored the 195 booths and participated in the 144 conference sessions. IGEM 2021’s virtual booths yielded a total of 71 project leads with potential investment value of RM2.5 billion in various activities. Speaking at a briefing held on 22 February 2022, KASA Minister Dato’ Sri Tuan Ibrahim Tuan Man said, “KASA is very much committed to enhancing the action of addressing climate change. This effort was disclosed in the country’s statement in conjunction with the COP26 conference held in Glasgow, United Kingdom in November 2021.” “In addition to delivering commendable results, the ventures 6 March-April 2022 | www.b-i.biz

signed at IGEM 2021 cover future-ready sectors such as hydrogen, electric vehicles and low carbon cities. These sectors strongly support the government’s sustainable economy agenda while also ensuring the creation of long-term employment opportunities for Malaysians,” he added. In line with efforts to transition to an endemic phase in the national Covid-19 mitigation strategy, the minister also announced that the upcoming IGEM 2022 would take on a hybrid format with the virtual event held in September followed by the physical exhibition to be held from October 12 to 14. IGEM 2022 has set targets of RM3 billion in business leads and 30,000 visitors. It will feature 300 exhibitor booths, both online and across three exhibition halls at the Kuala Lumpur Convention Centre. IGEM 2022 will be a key focus among stakeholders in the implementation and coordination of more effective strategies on climate change in the country. MGTC’s CEO, Shamsul Bahar Mohd Nor said, “With the success of IGEM 2021, I am confident that the upcoming IGEM will once again surface new opportunities for greater deployment of green and sustainable technologies in the regional post-Covid economic recovery, enhancing climate change mitigation and fast-tracking the roll-out of climate change adaptation technologies and strategies.” For more information on the next IGEM event, visit www.igem.my.


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