MESTECC Announces IGEM’s Cumulative Results of RM30 Billion
Ministry Aims to Champion Culture of Climate Action
17 December 2019, Kuala Lumpur – The Ministry of Energy, Science, Technology, Environment and Climate Change (MESTECC) recently shared the stellar track record of the International Greentech & Eco Products Exhibition & Conference Malaysia (IGEM) following its landmark tenth year, solidifying its position as the region’s most powerful green technology, business and innovation platform.
In the span of a decade, IGEM has cumulatively generated close to RM30 billion in business leads. Of this total, IGEM 2019 contributed RM5.98 billion. This investment leads include RM5.8 billion potential investments from 82 projects recorded throughout the Malaysian Investment Development Authority (MIDA)’s participation and RM180 million potential export throughout the Malaysia External Trade Development Corporation (MATRADE)’s International Sourcing Program (INSP) during IGEM 2019.
Additionally, over the ten editions, IGEM has featured 2,720 exhibitors and 490,000 visitors from 60 countries, hosted dozens of networking sessions, conferences and agreements alongside crucial sustainability announcements, paving way for a culture of climate action.
Yang Berhormat Puan Yeo Bee Yin, Minister of Energy, Science, Technology, Environment and Climate Change said, “A decade of IGEM has delivered tangible economic progress and the collective efforts by all parties involved is truly commendable. Specifically, IGEM 2019 surpassed all targets notwithstanding the softening global economic scenario, which demonstrates the continuing promise of the green economy.”
“I am confident this recurring success will encourage greater participation from industries, corporations and the general public. As we journey into 2020, I urge you all to join our collective efforts in instilling a culture of climate action to energise sustainability and to energise our future,” she concluded.
Themed Energising Sustainability, IGEM 2020 will encourage exhibitors and participants to showcase their commitment to balance socio-economic progress with environmental concerns to collectively ensure a secure and sustainable future. Answering the call for climate action, an unprecedented 61 organisations have already pledged their participation in IGEM 2020.
Targeting RM3.4 billion in business leads, 420 exhibitors and 42,000 visitors from 42 countries next year, long-term partners of IGEM including strategic partner, MIDA and business-matching partner, MATRADE will also be returning to organise the much in demand business networking and investment sessions.
Dato’ Azman Mahmud, Chief Executive Officer of MIDA said, “Being the strategic partner for IGEM since 2010, MIDA has assumed as integral role in facilitating a more sustainable investment environment, particularly through the business consultation sessions that we organised. MIDA met with over 140 companies and organisations during the event, providing pertinent information updates on government policies, incentives, facilities and support services available for local and foreign investors.”
“MIDA wishes to inform that in the first nine months of 2019, we have approved 374 green related projects worth RM2.86 billion. These investments will create over 750 job opportunities across the country in areas such as energy generation, energy conservation, green building and waste management. As of November 2019, MIDA has received 10 green related applications with investments of RM76.2 million subsequent to interests expressed at IGEM 2019 and we expect more applications to be received in 2020,” he added.
IGEM 2020 will be co-organised by the Malaysian Green Technology Corporation (GreenTech Malaysia) which was recently repurposed as the Malaysian Green Technology and Climate Change Centre, with an expanded portfolio that will include strategising climate-resilience actions, leading inter-ministerial collaborations, encouraging uptake of green technology innovations across industries and raising awareness among the general public.
Shamsul Bahar Mohd Nor, Chief Executive Officer of GreenTech Malaysia said, “Given our new extended scope, GreenTech Malaysia will assume a more active role in driving the country’s green agenda and sustainable development, which will undoubtedly be reflected in all the initiatives leading up to IGEM 2020.”
“We will be co-organising IGEM for the 11th consecutive year and aim to encourage a culture of climate action by bringing together thought leaders and showcasing innovative environmental technologies from all around the world while creating promising opportunities for green trade,” he concluded.
IGEM 2020 will be returning to the Kuala Lumpur Convention Centre from 7th to 9th October 2020. For further details, please visit www.igem.my.
About Malaysian Green Technology Corporation (GreenTech Malaysia)
Malaysian Green Technology Corporation (GreenTech Malaysia) is a government agency under the purview of MESTECC as the leading organisation in spearheading green technology for green growth & sustainability in Malaysia in line with the Green Technology Master Plan (GTMP 2017-2030).
About Malaysian Investment Development Authority (MIDA)
MIDA is the government’s principal promotion agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram and Facebook.
For more information, please contact:
Ms. Wan Hashimah Wan Salleh
Director, Green Technology Division
Email: [email protected]
Telephone: 03 – 2267 3540
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