KUALA LUMPUR, Majlis Amanah Rakyat (MARA) is targeting to have at least three Bumiputera companies listed on Bursa Malaysia next year, said Deputy Minister of Rural and Regional Development Datuk Rubiah Wang.
She said the initiative forms part of the Bumiputera Economic Transformation Plan 2035 (PuTERA35), which aims to identify and strengthen high-potential Bumiputera enterprises for market expansion and to enhance global competitiveness.
“This target is embedded within PuTERA35 and also outlined in MARA’s Strategic Plan 2026–2030. We are starting by identifying companies with strong potential to go public, but our ambitions go beyond that,” Rubiah said after officiating the MARA Automotive Ecosystem 2025 (MATEC2025) event today.
Rubiah highlighted that Bateriku (M) Sdn Bhd is among the companies set to debut on Bursa Malaysia — a testament to the growing expertise and capabilities of Bumiputera entrepreneurs, particularly in the automotive sector.
She added that MARA remains committed to enhancing Bumiputera participation and leadership in industries with high growth potential, including automotive technology and electric vehicles (EVs).
Meanwhile, Rubiah announced that MATEC will return for its third edition next year, following strong participation and success in this year’s event.
“The next MATEC will be bigger and more inclusive, promoting greater collaboration between Bumiputera and non-Bumiputera companies,” she said.
She noted that MARA continues to demonstrate that Bumiputeras are not merely consumers but key contributors to the RM80 billion automotive industry.
“With major investments like BYD’s EV plant in Tanjung Malim and over 2,000 Bumiputera automotive entrepreneurs now active across the value chain, Malaysia is advancing confidently with its own identity,” Rubiah added.
Held from Oct 31 to Nov 2, MATEC 2025 carried the theme “Charge the Hype”, targeting over 104,000 visitors and featuring 200 exhibitors.
To further strengthen talent and industry collaboration, six Memoranda of Understanding (MoUs) and Agreements (MoAs) were signed between MARA and major partners, including Volvo, Modenas, YTL Technologies, the Malaysia Automotive, Robotics and IoT Institute (MARii), Mannol, and TalentCorp Malaysia.
The 2025 edition marks a major leap from last year’s MATEC 2024, which drew 26,550 visitors and generated RM16.6 million in sales. This year’s event is projected to attract RM50 million in transactions.
