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First Founding Meeting of Malaysia-Uzbekistan Business Council Held in Kuala Lumpur

First Founding Meeting of Malaysia-Uzbekistan Business Council Held in Kuala Lumpur

Kuala Lumpur, July 07, 2024, The Europe Today: The inaugural meeting of the Malaysia-Uzbekistan Business Council took place at the Embassy of Uzbekistan in Malaysia, marking a significant step in strengthening bilateral relations between the two nations. This Council aims to facilitate the implementation of agreements made during Malaysian Prime Minister Anwar Ibrahim’s visit to Uzbekistan in May this year and to foster cooperation in trade, economic, investment, tourism, and other sectors.

The event saw the appointment of the leadership and members of the Executive Committee. King Lim, CEO of Malaysian company FIVE Petroleum, was appointed as Chairman of the Council. Ki Kan Chai, head of KK Group, was named Vice President, and Shahadan Sohaimi, President of the ASEAN Chamber of Commerce and Industry, was designated Secretary General.

The Executive Committee comprises 12 members from Malaysia, with plans to invite representatives from 12 leading companies in Uzbekistan to facilitate the execution of mutual projects. The Council aims to have over 100 member companies.

During the meeting, the Council agreed to organize a trip for Malaysian businessmen to Uzbekistan in August-September 2024. This visit will include a business forum in Khiva, bringing together entrepreneurs from both countries. The Malaysian delegation is expected to include around 30 companies.

Additionally, plans were made to hold a future meeting of the Council involving tourism companies operating between the two countries to outline strategic initiatives.

At the conclusion of the founding meeting, a memorandum of understanding was signed between Al Global Corporation Sdn Bhd of Malaysia and Neuro Med Diagnostic Center LLC of the Samarkand region. This agreement establishes a special training program for medical equipment and repair specialists at the Medical College in the Samarkand region.

The establishment of the Malaysia-Uzbekistan Business Council underscores the commitment of both countries to deepen economic ties and enhance mutual cooperation across various sectors.