MTC Development Program Graduation Kick-Off
The Malaysian External Trade Development Corporation (MATRADE) is intensifying efforts to nurture Mid-Tier Companies (MTCs) in Malaysia through their Mid-Tier Companies Development Program (MTCDP). Celebrating the achievements of 48 MTCs from the eighth and ninth waves and welcoming 25 new MTCs to Wave 10 in 2024, the program will empower companies across diverse sectors, fostering export productivity.
MATRADE’s Chairman, Dato’ Seri Reezal Merican Naina Merican, praised the diverse MTC composition for contributing to Malaysia’s 2023 trade performance, “For the third consecutive year, Malaysia’s trade has surpassed RM2 trillion, reaching RM2.64 trillion with total exports recorded RM1.43 trillion. These MTCs have also successfully achieved significant export growth and based on the Impact Tracking Report of MTCDP, in 2022, the cumulative annual revenue recorded RM33.90 billion, with 61 percent or RM20.90 billion generated through exports. Out of this achievement, Bumiputera status MTCs has recorded RM5.52billion of cumulative annual revenue, with nearly 10 percent or RM0.54 billon contributed by export activities.”
MATRADE Chairman delivering his speech
In its tenth year, MTCDP expands to include High Performing Medium Enterprises engaged in exports. Aligned with Malaysia MADANI and National Industrial Masterplan (NIMP) 2030, MATRADE is committed to strengthening global footprints and fostering MTCs. Introduced in 2014, MTCDP accelerates MTCs’ export growth, aligning with national development plans and economic regeneration efforts.
To qualify for MTCDP, export-oriented MTCs with annual revenues between RM50 million to RM500 million (manufacturing) and RM20 million to RM500 million (services) can contact midtier@matrade.gov.my for details.
For more information, please visit: www.matrade.gov.my
