Russia’s move to develop eastern provinces accords new market opportunities for Malaysia

Russia’s initiatives to develop its eastern provinces will open up new market opportunities for Malaysia, Tun Dr Mahathir Mohamad said. The Prime Minister said Malaysia, as a trading nation, is always looking for new markets, especially developed areas. “We always had the impression that Russia not paying enough attention to eastern territories. Now we see the interest is very real that Russia wants to develop the eastern provinces,” he told a full house 5th Eastern Economic Forum in Vladivostok, Russia.

Tun Dr Mahathir is on his first working visit to Russia since assuming office as Malaysia’s seventh Prime Minister. Vladivostok, about 6,416km from Moscow, is a port city overlooking Golden Horn Bay. It is located near the borders with China and North Korea. “There should be more promotion and publicity about this part of Russia so that more Malaysians want to come here and regions nearby. Malaysian investors might also be coming here if the situation is attractive enough,” he said.

Citing tourism as one of the ways that could increase Vladivostok visibility, he said, it has done well for Malaysia, contributing a lot to its development. Tun Dr Mahathir added that Malaysia is a good hub for Russia to market its products in the ASEAN region. “Malaysia is also looking forward to greater cooperation in education with Russia and welcomes Russia’s interest in opening a school on aerospace engineering in Malaysia, as we are already an education hub in the region.

Bernama

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