By Daniel Hunter
The Mayor of London Boris Johnson has today (Monday) urged London engineering and architecture firms to grab hold of the export opportunities presented by Malaysia.
As Asia’s most competitive emerging country, the Malaysian economy now stands at $241 billion and is expected to reach developed economy status by 2020. British business is already making its mark in Malaysia, with goods and services exports worth around £3bn a year, a 30 per cent increase since 2010.
Now, a wealth of new opportunities are opening up, following new legislation to liberalise the Malaysian architecture and engineering sectors, and the Mayor Boris Johnson believes businesses in London and across Britain should make the most of what is on offer.
The Mayor of London, Boris Johnson, said: "This fast developing nation is awash with new and exciting trade and investment opportunities crying out for London's great minds and expertise. From great new feats of transport engineering to cutting edge design and architectural projects, I urge more British companies to get involved. It is exciting opportunities like these, in a place eager to benefit from our long experience as a world leading city, that are driving jobs and growth for Londoners."
On the last leg of his trade mission to forge closer ties to the emerging economies of the Far East, the Mayor outlined a number of successful joint projects already underway in both countries, from the redevelopment of Battersea Power Station by leading Malaysian firm S P Setia, to Western Williamson+Partners who are working on London’s Crossrail scheme and Malaysia’s largest ever infrastructure project, Klang Valley Metro in Kuala Lumpur.
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