BUSINESS

TMCB TO SPEARHEAD KAZAKHSTAN TRADE EXPANSION VIA QAZAQ TRADE HUB IN MALAYSIA

15/09/2021 02:12 PM

KUALA LUMPUR, Sept 15 -- Tanah Melayu Capital Bhd (TMCB) has been appointed by the Ministry of Trade and Integration of the Republic of Kazakhstan to spearhead the Qazaq Trade Hub project in Malaysia. 

In a statement today, the home-grown information technology and business networking specialist said it will sign an agreement with the Kazakhstan ministry to establish the trade hub, the first of its kind in Southeast Asia, in Kuala Lumpur.

“The Qazaq Trade Hub, which is Kazakhstan's regional trade hub, is envisioned to be a comprehensive one-stop centre to enhance trade and investment between Kazakhstan and Malaysia.

"It will also be a primary platform for Kazakhstan to reach out and engage other countries within the Southeast Asia region to bolster commercial opportunities and business activities,” said TMCB.

A signing ceremony will be held soon and witnessed by the heads of state from both Kazakhstan and Malaysia, it added.

TMCB director Ridhwan Rosli said the company will leverage on local market insights and relationships with key public and private stakeholders to make the Qazaq Trade Hub a success.

"The hub is expected to bolster trade further while potentially driving more foreign direct investments into Malaysia.

"Malaysia is currently Kazakhstan’s largest trading partner in the region, with about RM600 million in trade value per annum," he said.

Meanwhile, the Republic of Kazakhstan Trade and Integration vice-minister Assel Zhubanyshevna Zhanassova said the trade hub reaffirms that Kazakhstan is open for business and is pro-actively seeking avenues to grow and diversify trade and investment in the spirit of global economic collaboration.

“Given our geographical location, Kazakhstan can also be a transit hub between Southeast Asia and Europe, in particular nations of the Eurasian Economic Union (EAEU).

"This transit hub would enable new trade paradigms that can generate jobs, enrich lives and secure our natural resources,” she added.

-- BERNAMA


BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 IFLIX channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.

Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial

© 2024 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy