**Press Release**
MIT Technologies Expands Market Presence with Agency Agreements in Indonesia and Mexico
Kuala Lumpur, 10 Nov 2022 – In a significant stride towards global expansion, MIT Technologies has signed agency agreements to penetrate the Indonesian and Mexican markets through strategic partnerships with PT Asia Serv and Metal Mecánica PGB, respectively. The signing ceremony, held on 10 Nov 2022, was attended by esteemed dignitaries including Tan Sri Kamarulzaman Badruddin, Chairman of MIT Technologies, His Excellency Ragaie Nasr, Ambassador of Egypt, His Excellency Edmundo Font, Ambassador of Mexico, Mohamed Yazid Ja'afar, MPRC CEO, Ir Dr Shahraeen Madros, Rizal Nainy, SME Corp CEO, former MATRADE CEO , Dzuleira Abu Bakar, MRANTI CEO, Maramah Hj Daoud, MTDC Director, Jai Shankar, MATRADE Director, Hafizah Aminuddin, MIDA D. Director, Datin Rashidah Karim, former Petronas Open Innovation GM, Sharifah Zaida, MOGSC VP, Amnah Shaari, AMCC VP, and representatives of Petronas, government agencies, and the industry.
The agreements mark a pivotal moment for MIT TEchnologies as it embarks on expanding its operations into key international markets. With Indonesia poised for new offshore exploration and Mexico's Gulf of Mexico deepwater operations offering lucrative opportunities, these partnerships are poised to drive growth and innovation in the global energy sector.
Ahmed Tahoun, CEO of MIT Technologies, expressed enthusiasm about the agreements, stating, "These partnerships underscore our commitment to sustainable growth and innovation in the energy sector. Indonesia and Mexico are strategic markets for us, and we look forward to leveraging our expertise to contribute positively to their energy landscapes."
MIT Technologies aims to strengthen its presence in the Indonesian market through PT Asia Serve, supporting new offshore exploration ventures with promising returns. Similarly, the collaboration with Metal Mecánica PGB in Mexico will focus on advancing deepwater operations in the Gulf of Mexico, aligning with the company's strategic goals of expanding its global footprint.
The agreements reflect MIT Technologies' proactive approach to identifying emerging opportunities and fostering partnerships that drive mutual growth. By harnessing local expertise and global capabilities, MIT Technologies is well-positioned to navigate complex energy landscapes and deliver value to stakeholders across Indonesia and Mexico.