Rustam Minnikhanov: the way of Malaysia economic development deserves deep respect

“Tatarstan may learn a lot from Malaysia as one of the intensively developing states of Southeast Asia”, - President of Tatarstan said at a meeting with governor of Penang state Mr Tun Dato Seri Utama Abdul Rakhman Abbas. The meeting took place at the Kazan Kremlin.

Greeting members of representative delegation led by governor of the state Mr Abbas Rustam Minnikhanov noted that Tatarstan is eager to develop cooperation within the framework of established Russian-Malaysian relations. “We are now studying Malaysian experience in attracting foreign investments. RT Agency for investment development headed by Linar Yakupov is working on this issue”, - he said.

One more important area is experience in using financial tools, in particular “sukuk” obligations. Malaysia is the leading state in this issue. Head of Tatarstan considers educational sector to be the essential part of Tatarstan-Malaysian relations. Kazan state medical university intends to prepare medical specialists for Malaysia.

By words of Rustam Minnikhanov, Tatarstan is ready to become the place for Malaysia in terms of entering the Russian market. Malaysia in its turn will help republican enterprises enter markets of Southeastern Asia.

“We are open for cooperation in many spheres”, - Rustam Minnikhanov said. He stressed that Tatarstan had learnt a lot from Malaysia and the way of Malaysia economic development deserves deep respect.

Responding greetings of governor of Penang state Mr Abbas Rustam Minnikhanov said he would consider the invitation to visit Malaysia after realization of some agreements and for summing up interim results of mutually beneficial cooperation.

CEO of Al-Aza group of companies Mohamed Hedar Shariff presented the project of constructing International Exhibition&Convention Center in Kazan near the highway leading to international airport “Kazan”. It is expected that the area of such exhibition centre will mane 500 hectares and it will be divided in several zones (expo-centre, hotel area, congress hall, etc)

RT President considers the reject to be interesting for republic. Memorandum on cooperation between RT Agency for investment development and Al-Aza company was signed at the meeting. Director of the agency Linar Yakupov and CEO of “Al-Aza” group of companies Mohamed Hedar Shariff put their signatures in the document.