ALGERIA, May 22 (Bernama) — The Export-Import Bank of Malaysia Berhad (EXIM Bank) today formalised a financing deal with Mac World Food Industries L.L.C (Mac World), a subsidiary of Mac World Group, to fuel its expansion into the Gulf Cooperation Council (GCC) market. Signed at the Islamic Development Bank (IsDB) Annual Meeting in Algiers and witnessed by Malaysian Ambassador HE Rizany Irwan, the agreement highlights Malaysia’s drive to propel its halal industry globally. This is a part of Halal Development Corporation (HDC) and EXIM Bank’s initiative to link Malaysian businesses with international halal market opportunities.
EXIM Bank is supporting Mac World’s ambitious expansion with Shariah-compliant financing, to support the construction and operational needs of its cutting-edge packaging facility in Dubai Industrial City. The 9,287-square-metre site will strengthen Mac World’s capabilities as a regional leader in edible cooking oils, driving growth across the UAE and GCC markets. Building on its impressive RM1.7 billion sales in 2024, this strategic investment positions Mac World for sustained growth and market leadership.
