Kuwaiti businessmen to invest in commercial agencies 

(MENAFN - Kuwait News Agency (KUNA)) Malaysian Minister of Domestic Trade and Consumer Affairs, Ismail Sabri Yaakob called Wednesday, on Kuwaiti businessmen to invest in the four Malaysian commercial agencies in Kuwait.

The total number of Malaysian commercial agencies in the Middle East amounted to 1078 and they are in Saudi Arabia, Kuwait, UAE, Turkey, Syria, Qatar, Oman, Lebanon, Iran, Egypt, Bahrain and Azerbaijan, Yaakob told KUNA.

He added that the Malaysian commercial agencies in the Middle East, work with food, beverages, restaurants, women's accessories and cosmetics, shoes, bags, garments, electronics and educational services.

He expressed hope that the Middle East expands its business in Malaysia and governments adopt a policy of open trade, adding that only three Arab agencies are working in the fields of food and technology.

Malaysia organizes annually an international exhibition for commercial agencies, to enhance this field, by boosting the amount of trade agreements, to more than 370 million ringgit (USD 120.3 million) compared to 345 million ringgit (112.2 million) last year, Yaakob pointed.

The exhibition plays an important role in the field of trade and encourages businessmen to engage in this field, in addition in opportunities to exchange commercial agencies transactions development through discussions at exhibition conferences, he noted.

Meanwhile, Malaysia will be hosting the international exhibition for commercial agencies during July 6-8 in Kuala Lumpur. Malaysian Domestic Trade and Consumer Affairs seeks to place Malaysia as a important regional rank in commercial agencies, since it started 15 years ago.