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Real estate industry

Penang State Government Promotes State's Products to Indonesians at Medan Fair

Strategic Insights

— 1 min read

The Penang state government has announced plans to participate in the 38th Medan Fair in Pekan Raya, northern Sumatra, from March 20 to April 15, with the aim of promoting the state's products and drawing Indonesian investors to Penang. The fair will showcase a range of sectors, including health, education, housing, and property, with a focus on promoting halal products. The state government has cut down expenditure for this year's fair, shifting the burden to local entrepreneurs and reducing the number of officials on duty.

Key Takeaways:

  • The Penang state government will participate in the 38th Medan Fair in Pekan Raya, northern Sumatra, to promote the state's products and attract Indonesian investors.
  • The fair will showcase sectors such as health, education, housing, and property, with a focus on promoting halal products.
  • The state government has reduced expenditure for this year's fair, requiring local entrepreneurs to cover their own expenses while accommodation will be provided.
  • IMT-GT Joint Business Council Malaysia chairman Faudzi Naim Noh is targeting around 25 participants for the fair.
  • The fair has received a remarkable response annually, with about 15 Malaysian small- and medium-size enterprises (SMEs) obtaining sales licenses in Medan.
  • Since 2007, Penang properties worth about RM25 million have been sold in Indonesia, particularly in Medan.

Statistics:

  • The 38th Medan Fair will take place from March 20 to April 15.
  • The state government had spent RM164,000 (US$44,692) on the fair last year.
  • IMT-GT Joint Business Council Malaysia chairman Faudzi Naim Noh aims to attract around 25 participants for the fair.
  • The fair has an annual come-back rate of 15 Malaysian SMEs obtaining sales licenses in Medan.
  • Penang properties worth about RM25 million have been sold in Indonesia since 2007.

Sources:

  • BERNAMA-OANA, "Penang State Government Promotes State's Products to Indonesians at Medan Fair", Asia Pulse, February 26.

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