KUALA LUMPUR: The Malaysian-German Chamber of Commerce and Industry (MGCC) is stepping up efforts to woo Malaysian industries into setting up their businesses in Germany.
MGCC general manager Thomas Brandt said Malaysian companies, especially those involved in the oil and gas, plantation, food and beverages and financing sectors, are encouraged to explore business opportunities in the country.
“There are many German companies that have been established in Malaysia for more than 20 years, for example, Siemens, Bbraun, Osram and Bosch.
“Unfortunately, there is only very mild interest among Malaysian investors and companies to set up in Germany,” he told reporters after a briefing on “Smart Business Opportunities – Taking Advantage of the Berlin Brandenburg Airport Project” here today.
He added that currently, only a handful of Malaysian businesses have entered the country’s market.
The briefing was to provide information to companies wishing to penetrate the German and European markets, as well as those looking for alternative European locations after Brexit, Britain’s exit from the European Union.
Brandt assured that Germany is willing to support Malaysian companies and investors by offering incentives such as low taxes, highly skilled workforce and customised services for companies looking to relocate or set up subsidiaries.
He also pointed out that the country offers a huge potential for the halal market as 6% of its 83.2 million population is Muslim, adding that there are nearly 3,000 mosques in Germany.
“Furthermore, the new Berlin Brandenburg airport will soon be a major European air traffic hub in Germany, offering companies a broad variety of location advantages,” he added.
The new airport is expected to start operating on Oct 31.
Berlin Brandenburg, which has an international population of about six million people from 190 nations, has developed into an internationally attractive and sought-after business and technology hub. – Feb 13, 2020, Bernama
