KUALA LUMPUR, Oct 7 (Bernama) -- Majlis Amanah Rakyat (MARA) is eyeing more than RM50 million in transactions at the three-day MARA Automotive Ecosystem (MATEC) 2025 here from Oct 31.
Its chairman Datuk Dr Asyraf Wajdi Dusuki said the target is supported by an increase of more than 70 exhibition booths compared to the previous edition.
“MATEC 2024 achieved an encouraging RM16.6 million in transactions through over 330 business matching sessions, giving a positive boost to the Bumiputera automotive industry network and drawing 26,550 visitors.
“This time, MATEC will expand not only within MARA’s ecosystem but also across the wider automotive ecosystem, bringing significant benefits to all visitors,” he told a press conference here today.
He said the second edition of MATEC underscores MARA’s commitment to supporting and strengthening Bumiputera entrepreneurs across the automotive industry value chain, while opening opportunities for strategic cooperation to explore new technologies and drive sustainable industry growth.
Asyraf Wajdi said MATEC 2025 is poised to play a key role in Malaysia’s automotive industry by increasing Bumiputera participation, promoting industry growth, supporting sustainability initiatives and nurturing talent development.
So far, more than 5,000 Bumiputera automotive entrepreneurs have been developed through training programmes, business financing facilities and strategic mentoring.
MARA has also supported the High Growth High Value (HGHV) sector by developing electric vehicle (EV) entrepreneurs such as GGR Motor, one of the country’s leading electric motorcycle manufacturers.
With the theme ‘Charge the Hype’, MATEC will run until Nov 2 at the Bukit Jalil National Stadium grounds, showcasing the latest automotive technology, motoring lifestyle trends, creative modifications and Gen-Z engagement, with a target of 50,000 visitors.
A total of 180 booths will be set up in segments such as vehicle manufacturers (OEM), spare parts and accessories vendors, the MARA Special Automotive Programme, as well as exhibitions by strategic partners and automotive-related agencies.
Visitors will also have the chance to test drive various brands of electric cars and motorcycles, in addition to enjoying promotions and discounts from exhibitors, including price reductions on services, accessories and automotive products at the experiential wheel segment.
-- BERNAMA
BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.
Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial
