Business

Ambassador of Malaysia: Seeks the Opportunity to Develop Trade Volume with Yemen

National Yemen

HE. Ambassador of Malaysia to Yemen, Mr. Abdullah Faiz Zain

By NY Staff

HE. Ambassador of Malaysia to Yemen, Mr. Abdullah Faiz Zain said, the total trade between Malaysia and Yemen in 2012 reached approximately US Dollar 187 million. He considered it a small number comparing to the deep historical relations between Yemen and Malaysia that we can trace back to the 15th century.

Mr. Faiz Zain has a vision for the future to develop this number by exploring and creating business opportunities in both countries. “As a Muslim country, Malaysia may play a leading role as a Global Halal Hub, thus benefiting from Yemen’s vast Muslim population by promoting Malaysia’s halal industry” said the ambassador.

We welcome and encourage Yemeni companies to set up their branches in Malaysia, where they can collaborate with Malaysian companies by offering a wide range of halal products and services. The halal industry in Malaysia is also supported by a well-established Islamic financing and banking system.

To date, 22 participants from Yemen have attended the POFP including the General Director of YSMO and top management of YCGSI. “Along the way, some Yemenis remained and intermarried with the local Malaysians, where their descendants are still living within the diverse community of Malaysia” stated the ambassador. The migration and intermarriage of these Yemenis with the local Malaysians have demonstrated an early form of globalization. This historical connection between Malaysia and Yemen continues until today. The ambassador released his statement during the Palm Oil Seminar opening in Sana’a last week at the Movenpick hotel. Malaysia currently accounts for 39% of the world palm oil production and 44% of world exports.

“Malaysia accounts for 12% of palm oil is half of the world’s total production and exports of oils and fats which forms 27%. Being one of the biggest producers and exporters of palm oil products, Malaysia has an important role to play in fulfilling the growing global need for oils and fats sustainably” concludes the ambassador.