KUALA LUMPUR: The signing of three partnerships between EXIM Bank Malaysia and Turkish companies has further reinforced bilateral trade and investment collaboration, while supporting the international expansion of Malaysian companies in line with Malaysia’s broader industrial and trade diversification objectives.
EXIM Bank said it has entered into a tripartite Memoranda of Understanding (MoUs) with Angsana Jaya Sdn Bhd and Hoytek Bilgisayar Software Architecture Engineering Mesillik Energy and Industry Trade Ltd Company (Hoytek) to promote technology collaboration, industrial capability development and market access between Malaysia and Türkiye.
Angsana Jaya is a Malaysian-owned construction company which seeks to expand its operations into Türkiye through a collaboration with Hoytek, a Turkish engineering firm specialising in advanced subsea technology and remotely operated vehicle systems.
The bank said it has been engaging Angsana Jaya under its Malaysia Global Connect programme, which supports Malaysian companies venturing into non‑traditional markets through responsible financing solutions, structured facilitation and strategic technology partnerships.
"Under the collaboration, EXIM Bank Malaysia will provide financial facilitation on a risk‑managed and policy‑aligned basis, while Hoytek contributes technical expertise to support Angsana Jaya’s expansion into Türkiye.
"Activities under the MoU will focus on capability‑building initiatives, including knowledge transfer, skills development and the adoption of more efficient and safer technologies, to support sustainable industrial outcomes while enabling export growth,” EXIM Bank said in a statement.
In a separate development, EXIM Bank’s customer and Malaysia’s sole stainless steel producer, Bahru Stainless Sdn Bhd, has also exchanged an MoU with Türkiye’s Stainless Industrialist and Business People Association (PASID) to expand into the Turkish market and support Malaysia’s trade diversification agenda.
The bank played a pivotal role in facilitating this collaboration, which focuses on structured market access, business matching with Turkish importers and distributors, and the utilisation of benefits under the Malaysia-Türkiye Free Trade Agreement (MTFTA).
"The MoU provides a non‑binding framework targeting an indicative supply of up to 10,000 metric tonnes of stainless‑steel products over a 12‑month period, with commercial terms to be defined under separate agreements,” it added.
EXIM Bank president and chief executive officer Datuk Nurbayu Kasim Chang said these MoUs reflect the bank’s strategic role as a development finance institution in supporting responsible, risk‑managed international expansion by Malaysian companies.
"Through a focus on technology transfer and capability‑building, we are enabling our customers to integrate into higher‑value global supply chains in line with Malaysia’s industrial priorities under the New Industrial Master Plan 2030,” she said.
Malaysia-Türkiye trade reached RM24.13 billion (US$5.28 billion) in 2024, up 18.7 per cent year-on-year, reflecting strong and expanding economic ties. Malaysia’s main exports to Türkiye include iron and steel products, palm oil, textiles, and electrical and electronics goods, while its imports from Türkiye consist of petroleum products, machinery, chemicals, and processed food. - Bernama
