Kazakhstan and Malaysia discussed investment prospects

A Kazakh-Malaysian investment round table was held in Astana today, co-chaired by the Prime Ministers of the two countries, Olzhas Bektenov and Anwar Ibrahim. The event brought together influential members of the business community, representatives of state and national companies, as well as experts from academia, to discuss the prospects for cooperation and investment opportunities between the two countries.

The forum was attended by Chairman of the Presidium of the NCE "Atameken" Raimbek Batalov and Chairman of the Chamber of International Commerce of Kazakhstan Murat Karimsakov. The meeting made it possible to discuss key issues of the development of economic relations between the two countries and outline concrete steps to strengthen the partnership.

At the meeting, Olzhas Bektenov stressed that Malaysia is becoming an increasingly important trade and economic partner for Kazakhstan in Southeast Asia. Over the past year, bilateral trade has increased from $150 million to almost $245 million, and the ambitious goal is to return to the pre-pandemic level of $650 million.

An important achievement is the pool of 17 joint investment projects between Kazakhstan and Malaysia totaling over $410 million. These projects become the basis for strengthening mutually beneficial cooperation and exchange of experience in various sectors of the economy.

At the forum, representatives of Kazakh and Malaysian businesses actively conducted point-to-point negotiations aimed at concrete steps to expand investment cooperation and create new promising projects.

Chairman of the Chamber of International Commerce of Kazakhstan Murat Karimsakov expressed readiness to support initiatives for cooperation between businesses of the two countries, providing turnkey services for Malaysian companies in finding potential partners, supporting projects and organizing B2B and B2G meetings.

This dialogue made it possible to establish stronger ties between representatives of the business communities of both countries and provided an incentive for further cooperation.