Latest news with #Malaysia-UzbekistanBusinessAlliance
The Sun
15 hours ago
- Business
- The Sun
Malaysia invites Uzbek investors to explore ASEAN market potential
TASHKENT: Deputy Prime Minister Datuk Seri Fadillah Yusof has called for increased participation from Uzbek businesses and investors in Malaysia's market, positioning the country as a gateway to Southeast Asia's thriving economy. Speaking at the Malaysia-Uzbekistan Business Forum 2025, he highlighted Malaysia's role as ASEAN chair in 2025, emphasizing its strategic advantages for regional expansion. Fadillah, who also serves as Minister of Energy Transition and Water Transformation, stressed the government's commitment to enhancing private-sector partnerships. He identified Uzbekistan's natural resources and central location as key draws for Malaysian investments in mining, agriculture, and logistics. 'Malaysia's expertise in high-value manufacturing, digital economy, and green technology offers Uzbek partners opportunities in electronics, renewable energy, and smart infrastructure,' he said. Meanwhile, Malaysian firms are increasingly eyeing Uzbekistan's energy, infrastructure, and education sectors, bolstering bilateral ties. Trade between the two nations has grown steadily, rising from US$58.4 million in 2020 to US$80.9 million in 2024. Malaysian exports, dominated by palm oil, electronics, and pharmaceuticals, accounted for US$79.9 million of the total. The forum, co-organized by the Malaysia-Uzbekistan Business Alliance and Uzbekistan's Ministry of Investment, Industry and Trade, aimed to deepen economic collaboration.
New Straits Times
15 hours ago
- Business
- New Straits Times
Fadillah calls on AirAsia X to consider adding Samarkand to Uzbekistan route
TASHKENT: Deputy Prime Minister Datuk Seri Fadillah Yusof has called upon AirAsia X to consider adding Samarkand to its flight routes, amid an increased interest in visiting holy sites in the region. He said the move would be part of Malaysia's plan to promote people-to-people ties through tourism, cultural exchange, leveraging the rich cultural heritage of both countries and historical sites, as well as joint initiatives in education and human capital development. "When I was in Samarkand, there was a request by the Governor and Deputy Governor of Samarkand to have at least one direct flight from Kuala Lumpur to Samarkand, of which I will bring back to AirAsia X, and hopefully we can have a direct flight from Samarkand, particularly for those who want to go for Umrah," he said in his opening remarks at the Malaysia-Uzbekistan Business Forum 2025 here today. The one-day forum was jointly organised by Malaysia-Uzbekistan Business Alliance (MUBA) and Uzbekistan's Investment, Industry and Trade Ministry. Fadillah was on his last day of an official working visit to Uzbekistan before resuming his travel to Russia until June 28. On Monday (June 23), AirAsia X said it was commencing flights to Tashkent, Uzbekistan thrice weekly effective Oct 15, 2025. The new route was introduced following AirAsia X's entry into the region with Almaty, Kazakhstan in early 2024.
