M'sian businesses urged to look at Gulf states


  • Business
  • Tuesday, 29 May 2007

PUTRAJAYA: Malaysian companies and businesses should look at Kuwait and other Gulf states for new opportunities, Datuk Seri Abdullah Ahmad Badawi said. 

The Prime Minister said countries in the rapidly growing area were not just actively promoting tourism, but were also inviting other parties to come and partake of the vast development in the region. 

Similarly, he said, the Kuwaiti Government had invited Malaysians to participate in the country’s development, an opportunity which Abdullah felt should not be missed by local companies alike. 

The Prime Minister said this after engaging in an hour-long discussion on Tuesday with his Kuwaiti counterpart, Sheikh Nasser Al-Mohammad Al-Ahmad Al-Sabah. 

"I must say that the Kuwaitis’ attitude towards us is certainly very positive. We need to respond to the proposals made. 

"Kuwait is certainly looking forward to more Malaysian participation in its development. It is good to hear this coming personally from the Kuwait Prime Minister himself," he said. 

Abdullah said Kuwait and other Gulf states were also looking for workers, investors and professionals to play an important role in their economic development. 

Malaysia and Kuwait also signed and exchanged several documents to ratify the Agreement for the Avoidance of Double Taxation and Prevention of Fiscal Evasion with Respect to Taxes On Income, and for the Fostering of Economic Relations and its protocol.

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