Khazanah's MTDC inks MOU with Dubai's Fathima Group

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KUALA LUMPUR (Oct 30): Khazanah Nasional Bhd unit Malaysia Technology Development Corp (MTDC) has inked a memorandum of understanding (MOU) with Dubai-based Fathima Group.

In a statement, MTDC said the MOU would open up more avenues for Malaysian companies to expand in the Middle East region. Prime Minister Datuk Seri Najib Tun Razak witnessed the signing of the MOU at the World Islamic Economic Forum in Dubai.

MTDC said the MoU would explore business and collaborative opportunities between Fathima and MTDC’s business partners and companies.

Three companies that have received MTDC funding, namely MIFF Marketing (M) Sdn Bhd, Bioalpha Holdings Bhd and Euro-Circuit Technology Sdn Bhd, have also signed MOUs with Fathima group.

“Through this signing, each company will be able [to] tap into opportunities to expand in the Gulf countries, in their respective field,” said MTDC.