Our President spoke in favor of developing a full-scale Uzbek-Malaysian business partnership

As part of the official visit to Kuala Lumpur, President of the Republic of Uzbekistan Shavkat Mirziyoyev and Prime Minister of Malaysia Anwar Ibrahim took part in a joint business forum.

The event was attended by over 200 executives and representatives of leading companies, investment and banking and financial institutions of the two countries. Malaysian business was represented by such companies as Petronas, MMC Corporation, DRB-Hicom, Gemilang Coachwork, Proton, Gentari, Five Petroleum, YTL Corporation, Sunview Group, KPJ Healthcare, MK Tron, Mimos, Sparco Engineering, Tradewinds Group, Kapital DX, Gamuda, Westports, Khazanah, EXIM Bank of Malaysia and many others.

In his speech, the head of our state emphasized that during the fruitful negotiations held today at the highest level, an agreement was reached to begin a two-year period of innovative development of the Uzbek-Malaysian partnership, and priority areas of practical cooperation were identified.

The establishment of the Intergovernmental Commission and the Business Council last year, as well as the holding of a number of major events with the participation of businesses from both countries, were noted with particular satisfaction.

Despite the geographical remoteness, opportunities in the field of transport and logistics are expanding. Direct flights between the capitals are operated almost daily.

During the negotiations, existing reserves were carefully analyzed and new growth points for multifaceted partnership were identified.

Agreements were reached on a multiple increase in trade turnover, the development of an agreement on preferential trade, and the holding of mutual exhibitions and fairs. A solid portfolio of joint projects has been formed, and an Industrial Cooperation Program has been developed.

“Our goal is to bring our relations to the level of strategic partnership,” the President emphasized.

Malaysia is an important innovative and technological partner of Uzbekistan. In this context, the head of our state identified a number of priority areas for the further development of Uzbek-Malaysian business cooperation.

First of all, this is the expansion of long-term cooperation in the field of electronics and the semiconductor industry. The possibilities of implementing projects in the field of artificial intelligence, digital technologies and creation of data centers were noted.

The gas chemical and chemical industries are important areas. Work is already underway to prepare strategic projects for the production of polymers, "green" hydrogen and ammonia.

The rapid development of the construction industry creates a high demand for innovative and environmentally friendly building materials. The President of Uzbekistan invited Malaysian companies to actively participate in the creation of modern production facilities and large-scale construction work in the regions of our country.

The prospects for mutually beneficial cooperation in the field of healthcare were noted. This concerns the construction of modern clinics, the production of innovative pharmaceuticals based on the best practices of Malaysia.

The great opportunities in the field of food security were noted. In this context, interest was expressed in the implementation of joint projects on the introduction of "smart" agriculture technologies, the production of organic products and the application of "halal" standards.

The head of our state also invited leading Malaysian companies and banks to actively participate in the privatization of state assets in the telecommunications, energy, banking and financial and other sectors of Uzbekistan.

In addition, great potential for cooperation in such areas as geology, education, transport, and pilgrimage tourism was noted.

The President welcomed the great interest of Malaysian entrepreneurs in the implementation of joint investment projects, their willingness to share technology and knowledge.

In this context, the creation of a special economic zone in the Tashkent region under the management of a Malaysian company was announced.

In conclusion, the head of our state proposed holding the next joint business forum in the fall of this year in Uzbekistan.