A four-member delegation comprising leadership of Malaysia’s premier Federal Land Development Authority (FELDA) arrived in Pakistan on Friday to explore avenues for furthering its business and investment in Pakistan.
During the three-day visit, the delegation headed by Mr. Mohd Emir Malvani Abdullah, Group President/CEO of Felda Global Ventures Holdings Berhad, includes Dato’ Khairil Anuar Hj Aziz, Chief Operating Officer (Domestic Business Operations) of FGV and Azman Ahmad, Group President/CEO, Felda-Johore Bulkers (FJB) Group, will hold key meetings with business leaders within the government and private sectors.
Felda Group, a globally-integrated, diversified agro-commodities company with operations in 10 countries across four continents, already has a sizeable presence in Pakistan where it is a joint venture partner with Westbury Group, Pakistan and two Malaysian companies KLK and IOI for the projects located in the Port Qasim Area Karachi.
One of the projects known as MAPAK Qasim Bulkers (Pvt.) Limited (MQB) is involved in the handling and storage of edible oil, non-edible oil and molasses since March, 1995, while the other project known as MAPAK Edible Oils (Pvt.) Limited (MEO), has led to the establishment of a state-of-the-art edible oil refinery on 12 acres of land at Port Qasim in April, 2006. It is the largest edible oil refinery in the private sector.
Before their departure, the delegation also called on the High Commissioner for Pakistan to Malaysia, Mr. Shahid Kiani who lauded Felda’s investment ventures in Pakistan and asked the group to consider entering into more joint venture agreements with other Pakistani palm oil companies. He also invited the delegation to attend Expo Pakistan 2013 to be held from 26-29 September 2013 at Karachi Expo Centre, to explore business and investment opportunities in Pakistan.
Mr. Kiani told the delegation Malaysian businessmen had been aggressively participating in Expo and last year alone, as many as 57 Malaysia businessmen attended the Expo Pakistan and merged as the largest foreign contingent in Expo. “This year also, Malaysian trade body MATRADE is sending a contingent of about 30 companies to the Expo to benefit from the business and networking opportunities on offer at the venue,” he added.