Rustam Minnikhanov: “Tatarstan and Malaysia enjoy great prospects for cooperation”

Prospects of the Republic of Tatarstan as an attractive place for Malaysian investors were presented at Malaysia-Tatarstan investment seminar in Kuala-Lumpur today. President of Tatarstan Rustam Minnikhanov participated in the seminar at headquarters of the Malaysian Investment Development Agency (MIDA).

Malaysian Minister of international trade and industry Dato' Seri Mustapha Bin Mohamed, Ambassador of Russia to Malaysia Lyudmila Vorobeva, Chief Executive of the Tatarstan Investment Development Agency Linar Yakupov, and other members of the Tatarstan delegation participated in the meeting with potential investors.

130 representatives of Malaysian companies, authorities and government institutions in charge of business development in Malaysia attended the seminar.

Malaysian Minister of international trade and industry Dato' Seri Mustapha Bin Mohamed said that four Malaysian companies worked in Tatarstan for that moment, and expressed hope that their number would increase in the nearest future. He also invited Tatarstan companies to Malaysia.

President of Tatarstan Rustam Minnikhanov told about economic development of republic, major running projects and infrastructure that had been provided for investors.

Rustam Minnikhanov stressed that it was important for the republican leadership to increase Tatarstan’s awareness in the world and the visit to Malaysia was a considerable step in that area. He thanked Malaysian Ministry of international trade and industry and Embassy of the Russian Federation for organization of the seminar.

Chief Executive of the Tatarstan Investment Development Agency Linar Yakupov made a detailed presentation about Tatarstan’s investment opportunities, told about main advantages and pointed out areas the republican government considered to be priority. That is, oil production and oil processing, engineering, construction and construction materials, IT and telecommunications, agriculture and food industry, services industry and tourism.

Linar Yakupov told about Smart City and Innopolis projects. Speaking about Tatarstan’s export opportunities Chief Executive of the Tatarstan Investment Development presented the produce of main engineering enterprises, in particular, KAMAZ, Kazan helicopters plant, “Kazancompressormash”, Gorky shipbuilding plant.

Linar Yakupov assured Malaysian investors that businessmen willing to implement their projects in Tatarstan would enjoy most favourable conditions and necessary assistance.

MIDA Deputy Director General Dato Fang An Tong presented opportunities for investors in Malaysia.