Home > News > Nation
Thursday April 19, 2012 MYT 12:00:00 AM
Sunday May 26, 2013 MYT 2:07:59 AM
by zuhrin azam ahmad
PUTRAJAYA: Kazakhstan has invited Malaysian investors and businessmen to spread their wings to the country as it industrialises its economy.
With a total of US$50bil (RM153bil) to be invested by 2020 for a wide range of development programmes, Kazakhstan called on Malaysian companies to explore the opportunities available there.
Kazakhstan President Nursultan Nazarbayev said the country was building between 200 and 300 new industrial facilities every year.
“By 2020, we would have invested US$50bil,” he said yesterday at a joint press conference with Prime Minister Datuk Seri Najib Tun Razak at a bilateral meeting at Perdana Putra here.
He said Kazakhstan regarded Malaysia as its priority partner in the Asia-Pacific region.
“We are intensively sharing and learning experiences from Malaysia.
“We hope our business delegation will be able to return home with specific agreements in the areas of energy, oil and gas exploration, petrochemical, construction, development of mineral resources and financing,” he added.
Najib said apart from oil and gas, the construction sector could offer Malaysian companies new opportunities.
“It includes the construction of highways, hospitals and other infrastructure such as airports.”
Najib said the leaders of both nations were confident that bilateral trade would increase.
Last year, the total trade between both countries was US$61.1mil (RM187mil).
Earlier, the Yang di-Pertuan Agong Tuanku Abdul Halim Mu'adzam Shah welcomed Nazarbayev in an official ceremony held at Dataran Parlimen in Kuala Lumpur.
KL seeks to double trade volume with Astana
Tags / Keywords:
Cops still trying to contact owner of seditious FB page
Abbott given grand welcome at Putrajaya
Up close with Lee Hsien Loong
MH17: Malaysia vows to find perpetrators
Selangor MB crisis: PAS makes another turn
Pengkalan Kubor by-election: Take down party banner, EC tells PKR
Ikea recalls Gunggung swing
Pengkalan Kubor by-election: Holiday on polling day, says state government
Google Malaysia features prize winning doodle on Malaysia Day
Food and familiarity bind Malaysians abroad
Subra: Don’t sensationalise Ebola related news
A celebration of all things pizza – in its spiritual home
South Sudan sets limits on hiring foreign workers
Google's Androids invade India
Copyright © 1995-2014 Star Publications (M) Bhd (Co No 10894-D)