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Thursday, November 15th, 2018

Deputy Minister of Investments and Development discusses investment cooperation expansion with Ambassador of Malaysia

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A meeting took place today in Astana between Deputy Minister of Investments and Development of the Republic of Kazakhstan Arystan Kabikenov and the Ambassador of Malaysia to Kazakhstan Syed Mohamad Bakri Syed Abd Rahman.

The meeting covered current issues of bilateral trade, economic and investment cooperation.

Arystan Kabikenov noted that at the current moment, all necessary foundation for business cooperation has been created and the Ministry is ready to expand bilateral cooperation within the framework of its competence.

Over the past five years, serious reforms have been carried out in Kazakhstan that have made it possible to improve the competitiveness of the business environment. In the World Bank’s ranking, Kazakhstan’s position on the “Ease of doing business” index improved by 16 positions, now being 35th. In addition, this year Kazakhstan joins the OECD Investment Committee as an “associated member”. Along with this, comprehensive work is continuing to further improve the investment climate, including a number of new legislative initiatives.

We are ready to expand the horizons of bilateral cooperation between our countries, � the Deputy Minister said, stressing the interest in promoting export products to the Malaysian market.

Ambassador of Malaysia Syed Mohamad Bakri, in turn, said that his visit to Kazakhstan was organized to establish bilateral cooperation and expressed interest in implementing joint investment projects.

For reference: Trade turnover between Kazakhstan and Malaysia for 2017 amounted to 123.4 million USD, which is 33% higher than for the same period last year (82.9 million USD). In January 2018, the volume of trade exceeded the figures for the same period last year by 27.9%, amounting to 8.6 million USD.

Source: Government of the Republic of Kazakhstan

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