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Kazakhstan and Malaysia to discuss incentives for foreign direct investment in the post-pandemic period

KAZAKH INVEST presented more than 150 new investment proposals to Malaysian investors as part of the online webinar on “Kazakhstan after the pandemic: incentives for foreign direct investment”. The event, organized by the Kazakhstan-Malaysian Business (KMDS), was attended by the managers and representatives of more than 25 leading Malaysian companies in the sectors, such as agribusiness, renewable energy, ICT, mechanical engineering, healthcare, pharmaceuticals, etc.

The speakers of the meeting were the Chairman of the CMDS Datuk Loo Took Gee, Ambassador of Kazakhstan to Malaysia Bulat Sugurbayev, Director of the Foreign Trade Development Corporation of Malaysia Mansor Shah Wahid, Director of the Investment Attraction and Marketing Department of NC KAZAKH INVEST JSC Kuat Zholdybekov, as well as the representatives of the AIFC and QazTrade.

Welcoming the participants of the webinar, the CMDS Datuk Loo Took Gee highlighted the great importance of the Kazakhstan market and the interest of Malaysian business in expanding business ties with Kazakhstan. The Ambassador of the Republic of Kazakhstan to Malaysia Bulat Sugurbayev, confirming this thesis, invited the participants of the webinar to actively establish direct contacts with the Kazakhstan business community.

In turn, the Director of the Investments Promotion and Marketing Department of KAZAKH INVEST Kuat Zholdybekov briefed on the investment climate of Kazakhstan to Malaysian companies, as well as the measures of state support for investment projects in priority sectors of the economy of the Republic of Kazakhstan. He said that this meeting was able to form a mutually beneficial agenda for further cooperation in the investment, trade and economic sectors of Kazakhstan and Malaysia.

“Kazakhstan today is new opportunities and a huge potential for profitable business. It’s worth noting that during the years of independence, the inflow of FDI to Kazakhstan amounted to more than $360 billion. The major reasons, among others, are our strategic location, favorable business environment, investor protection and our investment incentives. We hope for a significant expansion of fruitful investment cooperation with Malaysia,” added Kuat Zholdybekov.

Furthermore, Director of the Service Support Department Alida Tuyebekova made a report on the types of state support, the mechanism for obtaining preferences, as well as the Investment Agreement.

The webinar was followed by a question and answer session, where participants were able to ask their questions and get comprehensive answers to their questions.