Malaysian companies intend to invest in Uzbekistan
21/06/2018 16:15
Malaysian companies intend to invest in Uzbekistan
21/06/2018 16:15
Tashkent, Uzbekistan (UzDaily.com) -- A business seminar on economic and investment potential of Uzbekistrab was held at the Embassy of Uzbekistan in Malaysia on 20 June.
More than 30 representatives of 15 Malaysian organizations and companies, including the Negara Bank Malaysia, the Malaysian Corporation for the Development of Foreign Trade (MATRADE), as well as such leading companies as Serbo Dinamik Sdn Bhd, Silverlake Group Sdn Bhd and others attended the event.
Within the framework of the event, the Malaysian side was widely informed about the economic potential of Uzbekistan, created favorable conditions for doing business, conducted large-scale economic reforms, foreign exchange policy, activities of free economic zones, opportunities to organize the supply of Uzbek products to the Malaysian market, etc.
The director of Silverlake Group Sdn Bhd, Redzuan Kushairi told about planned investment projects in Uzbekistan.
The company intends to introduce innovative software solutions in identification cards containing full information about the citizens of the republic to ensure the provision of all types of electronic public services (financial, tax, transport, healthcare, etc.) in cooperation with the Ministry for Development of Information Technology and Communications and State Center for Personalization (SCP).
The company plans to take part in the creation of the Digital Economy Center, which allows paying for state services on-line, as well as implementing mobile and Internet money transfers and other banking services in collaboration with the National Bank of Uzbekistan for Foreign Economic Activity (NBU).
Silverlake Group Sdn Bhd intends to implement these projects by creating a joint venture with the NBU. At the initial stage, the volume of foreign direct investment will be US$50 million.
Vice President of Serbo Dinamik Sdn Bhd Palendran Palachandran stated that the company intends to take part in the implementation of investment projects "Construction of a plant for the production of caustic soda" and "Creation of a technical park for the repair of oil and gas turbines" in the Republic of Uzbekistan. According to the information of the Malaysian side, in the initial stage investments will be attracted in the amount of US$80 million.
Director of the company Monarch Aesthetic Sdn Bhd Eddy Guo in his speech provided detailed information on the ongoing investment project in Uzbekistan "Cosmetological Medical Center in Tashkent." The volume of investments in this project is US$500,000.
The Malaysian company established a joint venture of Monarch Holdings LLC in Tashkent, and work is currently under way to supply the relevant equipment to Uzbekistan.
Director of the department of the hotel complex Frasers Hospitality Hotel Jeffrey Mohammad underlined the interest of the company in construction of hotels in Bukhara, Samarkand and Tashkent.
Within the framework of the event, arrangements were made to organize a visit of a number of Malaysian companies to Uzbekistan, including:
- Malaysian business circles led by the Malaysian Corporation for the Development of Trade (MATRADE) in late October 2018 for holding a joint business forum in Tashkent;
- Serbo Dinamik Sdn Bhd on 11-18 July 2018 to open a representative office in Uzbekistan;
- Monarch Aesthetic Sdn Bhd in July 2018 for the organization of the event for the official opening of JV Monarch Holdings LLC in Tashkent;
- ORM Sdn Bhd in August 2018 to consider the possibility of creating a complex for the cultivation, storage and processing of fruits and vegetables for their further export and the organization of exports from Uzbekistan to the Asian-Pacific countries and the southern part of China of horticultural produce and honey;
- Frasers Hospitality Hotel for acquaintance with the conditions of investment, analysis of tourist flow and development of hotel business in Uzbekistan.
Subscribe to our Telegram channel!
25/04/2024Read more
$ 1 | 12697.00 | 0.000% |
1 | 13547.70 | 0.000% |
₽ 1 | 135.05 | 0.000% |