The Ministry of Trade has said it is hopeful that the World Expo Dubai 2020 and the Domestic Investment Forum would help unlock new markets for Malawi’s products.
The Dubai exhibition is expected to be held in Jebel Ali, Dubai, in the United Arab Emirates from October 1 this year to March 31 2022. On the other hand, the Domestic Investment Forum will be held on August 5 this year.
Trade Minister Sosten Gwengwe said the World Expo Dubai 2020 offers an opportunity for Malawian companies to establish market linkages with buyers across the globe including those from the Middle East and gulf regions which offer great buying potential.
Gwengwe said, in addition, the expo provides an opportunity to Malawian companies to interact with potential investors, joint venture partners and some of the leading international financiers of projects.
“This is the time to brand Malawi through opportunities and innovations to be showcased. So far, Malawi Pavilion is completed with external and internal fittings. The expo is a digital exhibition and innovations and opportunities will be showcased digitally.
“MITC in collaboration with Expo organisers have produced Malawi content and most images are now being printed. MITC has received interest from at least 25 private companies in sectors such as mining, agro-processing, agriculture, services and pharmaceuticals,” Gwengwe said.
He added that, on November 20, the MITC will organise the national day for Malawi, and that they expect President Lazarus Chakwera to be the guest of honour. Patrons to the Day would include VIPs from the UAE government.
“In addition to the National day, Malawi will also host an Investment, Trade and Tourism Forum in the second week of February 2022. During this forum, MITC will be showcasing the trade and investment opportunities available to business people from around the globe in addition to showcasing our finest tourist attractions to potential holiday makers and travel and tourism companies.
“MITC will further host a micro exhibition where Malawian products and publications on investment opportunities and tourism attractions will be showcased. The private sector is encouraged to participate,” Gwengwe said.
MITC Board Chairperson Karl Chokhotho said organisers of the event are taking care of many costs including transport and accommodation, adding that MITC would only spend $14,000 for exhibiting on the expo’s online platform.