Malaysia keen to collaborate with UAE in biotechnology

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Malaysia keen to collaborate with UAE in biotechnology

In the next few years, the country will be exploring opportunities to enrich the agriculture, healthcare and medical sectors of different markets through its proven biotechnology products.

By Staff Report

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Published: Tue 24 Mar 2015, 10:35 PM

Last updated: Fri 26 Jun 2015, 12:21 AM

Dubai — The growing demand for halal-based products in the UAE, Europe and Africa will be the key catalyst for Malaysia’s aggressive campaign to increase its share in the world biotechnology sector.

In the next few years, the country will be exploring opportunities to enrich the agriculture, healthcare and medical sectors of different markets through its proven biotechnology products. Towards this end, a high-ranking Malaysian delegation comprising government officials and biotechnology company authorities recently visited the UAE, with the intention of contributing positively to the UAE’s economy. The delegation included companies operating under the Malaysian Biotechnology Corporation (BiotechCorp), an agency of the Ministry of Science, Innovation & Technology.

Mohamed Nazlee Kamal, Biotech Corp CEO, said that there was a great deal of potential in Malaysia and the UAE collaborating to harness the full advantages of bioeconomy industries such as agriculture, healthcare and pharmaceuticals, among others. “Both the UAE and Malaysia are halal-driven economies and emphasis is laid in both countries towards accelerating the growth of the biotech industry,” Kamal said.

“We can benefit from sharing experiences and best practices to contribute towards enriching our farming sectors. As the UAE explores ways to increase its self-sufficiency in food production, Malaysia is better positioned to contribute positively in this regard with our halal-certified practices.

“Middle Eastern and African markets are the main focus of Malaysian biotechnology companies, who are looking to market their biotechnology-based products and services, particularly in the halal segment. We are confident of complementing the UAE’s existing agro/biotech sectors, with our products, services and technology readiness,” Kamal said.

He also pointed out that the bio-economy initiative had contributed to the Malaysian economy by creating jobs in the farming sector and increasing the number of agro-entrepreneurs in the country.

 “The next logical step for Malaysia is to encourage foreign investment into biotechnology market and build the framework to maximise commercial opportunities in the bio-based industries,” he added.

— business@khaleejtimes.com



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