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Real estate industry

Malaysian Companies Urged to Invest in Morocco's Construction Industry

Strategic Insights

— 1 min read

Malaysian Ambassador to Morocco, Othman Samin, has emphasized the need for more Malaysian companies to invest in Morocco's booming construction industry, particularly in the housing sector. The ambassador highlighted the success of Kausar Corporation, a flagship company of the Al-Hidayah Group of Companies, which is building houses in a new township called Tamesna. This township aims to alleviate Rabat's growing chaotic urbanisation and will have access to the Casablanca Highway, providing opportunities for better infrastructure planning.

Othman also mentioned that the Al-Hidayah Group is currently in talks with the host country to bring in KPJ Healthcare Berhad to manage hospitals in Morocco. Another Malaysian company, KPS, has an electronic components production unit in Mohammedia. The ambassador encouraged Malaysian companies to seize the opportunity in trading, citing the popularity of Malaysian furniture in Morocco.

The bilateral trade between Malaysia and Morocco is still small, with a trade balance in favor of Malaysia. Total trade between the two countries in 2008 reached nearly RM234.2 million (US$65 million), with total Malaysian exports touching RM182.2 million (US$50.6 million). Malaysia's main exports are electrical and electronics products while its imports are food products and manufactured goods.

Key Takeaways:

  • Othman Samin, Malaysian Ambassador to Morocco, has urged more Malaysian companies to invest in Morocco's construction industry.
  • Kausar Corporation, a flagship company of the Al-Hidayah Group of Companies, is building houses in a new township called Tamesna.
  • The Al-Hidayah Group is currently in talks with the host country to bring in KPJ Healthcare Berhad to manage hospitals in Morocco.
  • Another Malaysian company, KPS, has an electronic components production unit in Mohammedia.
  • Malaysian companies should seize the opportunity in trading, mentioned the ambassador.
  • Total trade between Malaysia and Morocco in 2008 reached nearly RM234.2 million (US$65 million).
  • Malaysian exports to Morocco are mainly electrical and electronics products.
  • Malaysian Embassy in Rabat is helping MARA through KOMITA to bring in products produced by Bumiputera entrepreneurs.

Statistics:

  • Total trade between Malaysia and Morocco in 2008 reached nearly RM234.2 million (US$65 million).
  • Total Malaysian exports to Morocco in 2008 touched RM182.2 million (US$50.6 million).
  • Main Malaysian exports to Morocco are electrical and electronics products.
  • Main Malaysian imports from Morocco are food products and manufactured goods.

Sources:

  • [BERNAMA, "Malaysian Ambassador Urges Companies to Invest in Morocco's Construction Industry," 14 July 2009]
  • [BERNAMA, "Malaysia-Morocco Trade Balance Favors Malaysia," 14 July 2009]

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