Politics • 13 June, 2019

The official opening ceremony of the Kazakhstan-Malaysian Business Council office held in Kuala Lumpur

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It is reported by the press service of MFA.

 The official opening ceremony of the Kazakh-Malaysian Business Council office was held in Kuala Lumpur. The event was attended by the executives of government agencies, development institutions, mass media, national and private companies of two countries.

During the event a working session of the MKBC 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 favourable conditions for domestic and foreign companies.

In his welcome speech, Kazakhstan's Ambassador to Malaysia Bolat Imanbayev noted that Malaysia is among the leading trade partners of Kazakhstan in the region of Southeast Asia. In 2018, mutual trade increased by 4 times and amounted to almost US$500 million. Ambassador highlighted that Malaysian companies and investors in Kazakhstan have implemented projects in the field of oil and gas, agricultural, engineering and construction for the total amount of US$1 billion.

The Co-Chairs of the MKBC Datuk Loo Took Gee and Dato' Berikkazy Seksenbaev has mentioned that promising areas of enhancing cooperation could be seen in the field of Islamic finance, halal industry, e-commerce, tourism, healthcare, information security, renewable energy and many others. 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.

At the conclusion of the working meeting of the members of MKBC, the business circles of the two countries expressed interest in further expanding trade, economic and investment cooperation.

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