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M’sia top market for expansion by Gulf firms

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Standard Chartered says Malaysia has been named as the top expansion market for Middle East companies focusing on Asean.

The bank said the latest survey for its “Borderless Business: Middle East-Asean Corridor” found that Middle East companies were positive about business growth in the region, with a significant 78% viewing Malaysia as the top location.

It has also emerged as a major hub for solar photovoltaic production and is a key market for halal goods as it works towards building a stronger halal ecosystem between Asean and the Middle East. Key growth sectors in the report’s growth watch list that were drawing Indian companies to Malaysia were digitalisation, renewable energy and electric vehicles .

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