Almaty. September 15.
Information Center - Tanah Melayu Capital Bhd (TMCB), a home-grown information
technology and business networking specialist plans to sign a Memorandum of
Cooperation with the Ministry of Trade and Integration of the Republic of
Kazakhstan to work on the organization of the Qazaq Trade Hub in Kuala Lumpur, The
Malaysian Reserve reports.
A digital MoU signing ceremony will be held on the nearest
date and will be witnessed by Heads of State from both Kazakhstan and Malaysia,
the company said in a statement today.
The Qazaq Trade Hub, the first of its kind in Southeast
Asia, 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.
“TMCB is able to combine our expertise in information
communications and technology (ICT) alongside our local market insights and relationship
with key public and private stakeholders to make Qazaq Trade Hub a success,”
said Ridhwan Rosli, Director of TMCB.
He added, Malaysia’s strategic location in the heart of
Southeast Asia makes it an ideal site for the Qazaq Trade Hub.
“Malaysia is currently Kazakhstan’s largest trading partner
in the region, with trade of about RM600 million in value per annum. The
presence of this Hub is expected to bolster trade further while potentially
driving more foreign direct investments into Malaysia,” he added.
Vice Minister of Trade and Integration of the Republic of
Kazakhstan Assel Zhubanyshevna Zhanassova said, the Qazaq 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