Kazakhstan-Malaysian Business Council office opened in Kuala Lumpur

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NUR-SULTAN (TCA) — The official opening ceremony of the Kazakh-Malaysian Business Council office was held in Kuala Lumpur on June 13. The event was attended by executives of government agencies, development institutions, mass media, national and private companies of the two countries, the Kazakh Foreign Ministry reported.

During the event a working session of the Kazakh-Malaysian Business Council was held. The council members shared their opinion on business opportunities in Kazakhstan and Malaysia. Special emphasis was placed on the policy of Kazakhstan aimed at improving financial instruments to support business, protecting investments and ensuring favorable conditions for domestic and foreign companies.

In his welcome speech, Kazakhstan’s Ambassador to Malaysia Bolat Imanbayev said that Malaysia is among the leading trade partners of Kazakhstan in the region of Southeast Asia. In 2018, mutual trade increased fourfold and amounted to almost US $500 million. The ambassador highlighted that Malaysian companies and investors in Kazakhstan have implemented projects in the fields of oil and gas, agricultural, engineering and construction for the total amount of US $1 billion.

The Co-Chairs of the Council Datuk Loo Took Gee and Dato’ Berikkazy Seksenbaev mentioned that promising areas of enhancing cooperation could be seen in the fields of Islamic finance, halal industry, e-commerce, tourism, healthcare, information security, and renewable energy. According to them, the Business Council is an effective platform for a constructive dialogue on the entire complex of bilateral trade, economic and investment cooperation.

Sergey Kwan

TCA