Latest news with #Malaysia-UzbekistanBusinessForum2025
The Sun
24-06-2025
- 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
24-06-2025
- 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.
BusinessToday
21-06-2025
- Business
- BusinessToday
Malaysia DPM Heads To Uzbekistan
Malaysia's Deputy Prime Minister (DPM) and Minister of Energy Transition and Water Transformation Datuk Seri Fadillah Yusof will lead a high-level delegation to the Republic of Uzbekistan from June 21 to 24, 2025, as part of a strategic mission to strengthen bilateral cooperation in energy, trade and public service innovation. The visit, which underscores Malaysia's deepening engagement with Central Asia, will see Fadillah holding key discussions with Uzbek leaders, including a courtesy call on President Shavkat Mirziyoyev on June 23. He is also scheduled to meet Uzbekistan's Minister of Energy Mirzamahmudov Jurabek Tursunpulatovich to explore collaborative opportunities in renewable and clean energy, sectors central to Malaysia's energy transition roadmap. Accompanied by Deputy Foreign Minister Datuk Mohamad Alamin, Fadillah will also deliver a keynote address at the United Nations Public Service Forum 2025 in Samarkand, where he will highlight Malaysia's innovations and best practices in governance and public sector reform. Rounding off the visit, the DPM will participate in the Malaysia-Uzbekistan Business Forum 2025 in Tashkent on June 24. The forum aims to foster new business linkages and expand economic cooperation between the two nations. Trade between Malaysia and Uzbekistan reached RM369.8 million in 2024, with Malaysian exports accounting for RM365.1 million. From January to April 2025, bilateral trade has already hit RM106 million, signalling growing commercial potential. The four-day visit reaffirms Malaysia's commitment to advancing strategic partnerships with Uzbekistan and promoting sustainable, mutually beneficial growth in both the public and private sectors. Related
Borneo Post
19-06-2025
- Business
- Borneo Post
DPM Fadillah to visit Uzbekistan, Russia to boost bilateral, energy cooperation
The visit from June 20-28, which marks Fadillah's first official engagement with both countries as deputy prime minister, includes meetings with high level government leaders. – Bernama photo KUALA LUMPUR (June 19): Deputy Prime Minister Datuk Seri Fadillah Yusof will visit Uzbekistan and Russia beginning this Friday to enhance bilateral economic relations, as well as explore tie-ups in the energy and high technology sectors. The visit from June 20-28, which marks his first official engagement with both countries as deputy prime minister, includes meetings with high level government leaders. There will be bilateral discussions with leaders from Uzbekistan and Russia, as well as site visits to strategic facilities, including energy infrastructure and innovation hubs. Fadillah's visit to Uzbekistan aims to build on the solid foundations laid during Uzbekistan President Shavkat Mirziyoyev's visit to Malaysia earlier this year. In Uzbekistan's capital, Tashkent, Fadillah, who is also Minister of Energy Transition and Water Transformation, is scheduled to pay a courtesy call on President Mirziyoyev and hold a bilateral meeting with Energy Minister Jurabek Mirzamahmudov, as part of Malaysia's effort to enhance cooperation in the energy sector. According to the programme schedule released by the Ministry of Energy, Transition and Water Transformation (Petra), Fadillah will also deliver the keynote address at the Malaysia-Uzbekistan Business Forum 2025, a flagship platform to connect Malaysian and Uzbek businesses. Malaysia-Uzbekistan trade reached RM369.8 million (US$80.9 million) in 2024, positioning Uzbekistan as Malaysia's second largest trading partner in Central Asia. The trade balance is in Malaysia's favour at RM360.3 million (US$78.9 million), according to news reports. Major exports from Malaysia to Uzbekistan include palm oil, coffee, palm-based oleochemicals, margarine and shortening, processed food and coconut oil, while imports from Uzbekistan comprise mainly fertilisers, fruits and textiles. Last year, Uzbekistan remained Malaysia's second-largest trading partner among Central Asian countries. During his visit to Russia beginning June 24, he will hold a bilateral meeting with Russian Deputy Prime Minister Alexander Novak, and a key highlight of the visit will be the exchange of a non-disclosure agreement (NDA) between MyPower Corp and Russia's state nuclear corporation, Rosatom. Fadillah is also scheduled to visit Rosatom's nuclear energy facilities in St Petersburg, as Malaysia continues to assess the potential of nuclear energy as part of its long-term energy transition plan towards net-zero emissions by 2050. The visit resonates with Malaysia's evolving energy diplomacy. Notably, Prime Minister Anwar Ibrahim's state visit to Russia in May 2025 led to commitments from Russian President Vladimir Putin to pursue joint ventures in natural gas and peaceful nuclear energy, including deepening Petronas's involvement in Russia. Diplomatic relations between Malaysia and Russia were established in 1967. In 2024, Russia was Malaysia's ninth-largest trading partner among European countries, with total trade reaching RM11.46 billion (US$2.48 billion). Malaysia's key exports to Russia included electrical and electronics products, machinery, equipment and parts, and processed foods. – Bernama energy fadillah yusof Russia Uzbekistan
Daily Express
19-06-2025
- Business
- Daily Express
Trade, nuclear energy, tech deals: DPM Fadillah heads to Uzbekistan, Russia to deepen bilateral ties
Published on: Thursday, June 19, 2025 Published on: Thu, Jun 19, 2025 By: Bernama Text Size: Deputy Prime Minister Datuk Seri Fadillah Yusof will make his first official visit to Uzbekistan and Russia from June 20–28 to boost economic ties and explore collaboration in energy and high-tech sectors. — Bernama pic Kuala Lumpur: Deputy Prime Minister Datuk Seri Fadillah Yusof will embark on an official visit to Uzbekistan and Russia from June 20 to 28 to strengthen bilateral economic relations and explore cooperation in energy and high technology. This will be his first official visit to both countries as deputy prime minister and includes meetings with senior government leaders, bilateral talks, and site visits to strategic facilities such as energy infrastructure and innovation hubs. Advertisement In Uzbekistan, the visit aims to build on ties renewed during President Shavkat Mirziyoyev's visit to Malaysia earlier this year. In the capital Tashkent, Fadillah — who is also Minister of Energy Transition and Water Transformation — is expected to pay a courtesy call on President Mirziyoyev and hold a bilateral meeting with Energy Minister Jurabek Mirzamahmudov to enhance energy cooperation. According to the ministry's itinerary, Fadillah will also deliver the keynote address at the Malaysia-Uzbekistan Business Forum 2025, aimed at linking businesses from both countries. Malaysia-Uzbekistan trade reached RM369.8 million (US$80.9 million) in 2024, with Malaysia enjoying a surplus of RM360.3 million (US$78.9 million), according to news reports. Malaysia's main exports to Uzbekistan include palm oil, palm-based oleochemicals, processed food, coffee, margarine, shortening and coconut oil, while key imports are fertilisers, fruits and textiles. Fadillah's visit to Russia begins on June 24, where he will meet Russian Deputy Prime Minister Alexander Novak. A key highlight will be the exchange of a non-disclosure agreement between MyPower Corp and Russia's state nuclear agency Rosatom, as Malaysia continues assessing nuclear energy as part of its net-zero emissions goal by 2050. Fadillah is also expected to visit Rosatom's nuclear facilities in St Petersburg. The visit comes on the heels of Prime Minister Datuk Seri Anwar Ibrahim's state visit to Russia in May, during which President Vladimir Putin pledged joint ventures in natural gas and peaceful nuclear energy, including expanding Petronas's operations in the country. Malaysia and Russia established diplomatic ties in 1967. In 2024, Russia was Malaysia's ninth-largest trading partner in Europe, with trade totalling RM11.46 billion (US$2.48 billion). Major Malaysian exports to Russia included electrical and electronic products, machinery and parts, and processed food. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
