A business forum on the investment climate and business opportunities in Kazakhstan was held today in Kuala Lumpur, QazMonitor reports citing Delovoy Kazakhstan.
Representatives from Kazakh Invest, Astana International Financial Centre, QazTrade, and MATRADE met with Malaysian businesses to discuss the importance of the Kazakh market from the Malaysian perspective.
Kazakhstan and Malaysia belong to dynamic economic regions of the world – Central Asia and ASEAN.
During the discussion, Kazakhstan leveraged its role as a growing regional hub in Central Asia, the CIS, the Middle East, and Europe as its most attractive prospect.
Mr. Idzam Abdul Hamid, Director of the Central, West, South Asia & Africa Section of MATRADE highlighted the benefits of learning from Kazakhstan's experience in the oil and gas as well as aerospace industries. AIFC was also praised for its services in English under common law.
Besides investment and tax incentives, Malaysian businesses were interested in the Kazakh Government’s support for the establishment of free economic zones and other economic and logistical hubs.
Both countries already have strong political, economic, cultural, and social ties, so strengthening cooperation in the field of trade and logistics is a reasonable next step, commented Kazakh Ambassador Bulat Sugurbayev.