Kuala lumpur: 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.
According to BERNAMA News Agency, MATEC 2024 achieved RM16.6 million in transactions through over 330 business matching sessions, boosting the Bumiputera automotive industry network and drawing 26,550 visitors. This year, MATEC aims to expand within MARA's ecosystem and the wider automotive ecosystem, providing benefits to all visitors.
The second edition of MATEC underscores MARA's commitment to supporting Bumiputera entrepreneurs in the automotive industry value chain, while exploring new technologies and driving industry growth. Asyraf Wajdi noted that MATEC 2025 is set to play a role in Malaysia's automotive industry by increasing Bumiputera participation and nurturing talent development.
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 entrepreneurs like GGR Motor, a leading electric motorcycle manufacturer.
With the theme 'Charge the Hype', MATEC will run until Nov 2 at the Bukit Jalil National Stadium grounds, showcasing 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, MARA Special Automotive Programme, and exhibitions by strategic partners and automotive-related agencies.
Visitors will have the chance to test drive electric cars and motorcycles, and enjoy promotions and discounts from exhibitors, including price reductions on services, accessories, and automotive products at the experiential wheel segment.