KUALA LUMPUR, Nov 11 — The Malaysia External Trade Development Corporation (MATRADE) is urging more local contractors and building material suppliers to participate in the Battersea development project.
Chief Executive Officer Datuk Dzulkifli Mahmud said with the current challenging times, Malaysia is working hard to push its exports further and has identified building materials as one of the sectors to highlight.
He said in 2014 Malaysia’s exports of building materials to the United Kingdom (UK) increased by 14.3 per cent to US$205.4 million compared to the previous year, but as of September this year the exports had slightly decreased by eight per cent.
He told reporters at a seminar on working with Battersea Power Station Development Company UK today that he believed with the current development in the UK property sector and with the help of various parties, exports of building materials from Malaysia could be increased in the next two months.
He said Battersea, an iconic project not only in the UK but also in Europe, is the biggest regeneration project worth 8 billion or almost RM60 billion today, and for today’s event 37 companies had been shortlisted and identified by Battersea to supply their products and services.
The companies provide timber flooring and doors, steel bars, steel tubes, iron, ceramic floor tiles and sanitary ware, among others.
“Malaysian companies wishing to participate in this project must meet the high standards set by the major contractors to deliver high-class products on time, and successful ones could use this as testimony to penetrate the UK market as well as Europe,” said Dzulkifli.
The project, in seven phases and expected to be completed in 2026, would create immense opportunities for Malaysian companies to supply suitable products and services especially building materials, he said, adding most of the identified Malaysian companies are targeted for the project’s first four phases.
Today’s session is the third of Battersea’s sourcing visits to Malaysia, with the only successful collaboration so far being the supply of Kimgress tiles valued at RM2.2 million, he said.
The Battersea project involves the redevelopment of 15.78 hectares of the Battersea Power Station in London by a Malaysian consortium comprising SP Setia, Sime Darby and the Employees Provident Fund, and will lead to the creation of 3,500 new homes, shops, cafes , restaurant and offices.