ID :
75012
Wed, 08/12/2009 - 20:42
Auther :
Shortlink :
https://oananews.org//node/75012
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UZBEKISTAN INVITES MALAYSIAN INVESTORS
By Santhia Thevi Panjanadan
KUALA LUMPUR, Aug 12 (Bernama) -- Uzbekistan is offering a host of attractive incentives in a move to lure more Malaysian investors to its shores.
Foreign Economic Relations, Investments and Trade of Uzbekistan Deputy
Minister, Shavkat A. Tulyaganov said the country was offering 30 years tax
exemption and rent free industrial sites for investors setting up base in
Uzbekistan.
"We will facilitate opportunities and identify suitable partners in
Uzbekistan and match them with potential Malaysian investors," he said in an
exclusive interview with Bernama after attending a briefing with members of the
Malay Businessmen and Industrialist Association (Perdasama) here Wednesday.
The deputy minister and a 15-member delegation arrived Tuesday for a
three-day trade and investment promotion mission to Malaysia.
He said at present, bilateral trade between Malaysia and Uzbekistan was very
limited but there was a huge potential and opportunities to further expand
business ties.
"Last year, Uzbekistan recorded a trade turnover of US$50 million, with palm
oil imports from Malaysia, accounting for 90 per cent of the trade.
"For 2009, we expect imports to hover around the same figure, but we are
optimistic two-way trade will double or even triple and for investments to pick
up following this trip," he explained.
He assured that the Uzbekistan embassy in Malaysia would simplify business
visa applications to facilitate trade and investment missions for Perdasama
member companies.
The deputy minister also proposed that Perdasama members visit Uzbekistan's
free economic zone to discuss further collaboration opportunities.
He noted that national oil and gas company, Petronas recently announced that
it would invest US$2 billion, over the next five to six years, to carry out two
major projects in Uzbekistan.
Meanwhile, Perdasama is looking at venturing into the oil and gas, raw
materials, fertilizers and plastics industries in Uzbekistan.
Its President, Moehamad Izat Emir said with easy visa application
procedures, there was a good opportunity many joint ventures and investments
would take place, both ways.
Perdasama has 13,000 member companies.
-- BERNAMA
KUALA LUMPUR, Aug 12 (Bernama) -- Uzbekistan is offering a host of attractive incentives in a move to lure more Malaysian investors to its shores.
Foreign Economic Relations, Investments and Trade of Uzbekistan Deputy
Minister, Shavkat A. Tulyaganov said the country was offering 30 years tax
exemption and rent free industrial sites for investors setting up base in
Uzbekistan.
"We will facilitate opportunities and identify suitable partners in
Uzbekistan and match them with potential Malaysian investors," he said in an
exclusive interview with Bernama after attending a briefing with members of the
Malay Businessmen and Industrialist Association (Perdasama) here Wednesday.
The deputy minister and a 15-member delegation arrived Tuesday for a
three-day trade and investment promotion mission to Malaysia.
He said at present, bilateral trade between Malaysia and Uzbekistan was very
limited but there was a huge potential and opportunities to further expand
business ties.
"Last year, Uzbekistan recorded a trade turnover of US$50 million, with palm
oil imports from Malaysia, accounting for 90 per cent of the trade.
"For 2009, we expect imports to hover around the same figure, but we are
optimistic two-way trade will double or even triple and for investments to pick
up following this trip," he explained.
He assured that the Uzbekistan embassy in Malaysia would simplify business
visa applications to facilitate trade and investment missions for Perdasama
member companies.
The deputy minister also proposed that Perdasama members visit Uzbekistan's
free economic zone to discuss further collaboration opportunities.
He noted that national oil and gas company, Petronas recently announced that
it would invest US$2 billion, over the next five to six years, to carry out two
major projects in Uzbekistan.
Meanwhile, Perdasama is looking at venturing into the oil and gas, raw
materials, fertilizers and plastics industries in Uzbekistan.
Its President, Moehamad Izat Emir said with easy visa application
procedures, there was a good opportunity many joint ventures and investments
would take place, both ways.
Perdasama has 13,000 member companies.
-- BERNAMA
