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The agreement also includes the development of the Bagan Datuk International Sea-Hub Multipurpose Terminal in Perak State, reinforcing both parties’ commitment to global supply chains and sustainable economic growth through strategic infrastructure development.
The MoU was signed by Mohamed Hassan Alsuwaidi, Minister of Investment, and Yab Dato’ Seri Haji Saarani Bin Mohamad, Chairman of Perak State Development Corporation.
The two parties will collaborate to explore investment opportunities in food security, building on the Comprehensive Economic Partnership Agreement (CEPA) signed between the UAE and Malaysia in January 2025.
Mohamed Hassan Alsuwaidi stated: “This Memorandum with the Perak State Development Corporation underscores our shared commitment to bolstering regional supply chain resilience and driving sustainable development. Through this partnership, we aim to create meaningful international collaborations that deliver tangible value to both parties, while also contributing to the stability of the global food system.”
Yab Dato’ Seri Haji Saarani Bin Mohamad added: “We are pleased to formalise this partnership with the UAE Ministry of Investment, which will advance our agricultural sector and infrastructure development objectives, and our role in global food security. The Bagan Datuk International Sea-Hub Multipurpose Terminal will serve as a critical gateway for Malaysia's food exports while strengthening our position in global supply chains. We greatly value our partnership with the UAE and look forward to working together.”
The UAE and Malaysia enjoy strong and growing economic relations. Non-oil bilateral trade reached US$4.9 billion in 2023, with US$4 billion recorded in the first nine months of 2024.
The UAE is Malaysia’s second-largest trading partner in the Middle East, accounting for 32% of Malaysia’s trade volume with the region. Malaysia ranks as the UAE’s 12th largest Asian trading partner.
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