A Malaysian businessman predicted that his country’s timber industry may win business in Arab-speaking countries if they turn away from American products due to the current international political situation.
Malaysian companies may also benefit from rising demand for timber and timber-related products in China and Thailand where housing and public infrastructure activities are predicted to accelerate over the next two years.
Speaking at Syarikat Kayu Wangi Bhd’s AGM, managing director Datuk Ng Eng Sos said he anticipated stronger demand from oil rich countries such as Saudi Arabia and the gulf states as he maintained they preferred buying non-US products.
He also forecast increased activity in the local housing development scene would result in higher demand for the company’s products.
