ISTANBUL, Türkiye, 8 January 2026 – EXIM Bank Malaysia continues to advance Malaysia–Türkiye economic cooperation through the exchange of strategic Memorandum of Understanding (MoUs) in Türkiye, reinforcing bilateral trade, investment collaboration and the international expansion of Malaysian companies, in line with Malaysia’s broader industrial and trade diversification objectives.

The MoUs were exchanged today and witnessed by YB Dato’ Seri Johari Abdul Ghani, Minister of Investment, Trade and Industry (MITI), underscoring Malaysia’s commitment to deepening trade, investment and industrial linkages with Türkiye within a structured and risk‑managed framework.

EXIM Bank Malaysia entered into a tripartite MoU with Angsana Jaya Sdn Bhd and Hoytek Bilgisayar Software Architecture Engineering Mesillik Energy and Industry Trade Ltd Company (Hoytek) to promote technology collaboration, industrial capability development and market access between Malaysia and Türkiye. Angsana Jaya, a Malaysian Bumiputera‑owned construction company, is seeking to expand its operations into Türkiye through collaboration with Hoytek, a Turkish engineering firm specialising in advanced subsea technology and Remotely Operated Vehicle (ROV) systems.

EXIM Bank Malaysia has been engaging Angsana Jaya under its Malaysia Global Connect (MGC) programme, which supports Malaysian companies venturing into non‑traditional markets through responsible financing solutions, structured facilitation and strategic technology partnerships. Under the collaboration, EXIM Bank Malaysia will provide financial facilitation on a risk‑managed and policy‑aligned basis, while Hoytek contributes technical expertise to support Angsana Jaya’s expansion into Türkiye.

The collaboration supports Malaysia’s participation in global subsea technology value chains, particularly in oil and gas, renewable energy and security‑related applications. Activities under the MoU will focus on capability‑building initiatives, including knowledge transfer, skills development and the adoption of more efficient and safer technologies, to support sustainable industrial outcomes while enabling export growth.

In a separate development, Bahru Stainless Sdn Bhd, an EXIM Bank Malaysia customer and Malaysia’s sole stainless steel producer, exchanged an MoU with the Stainless Industrialist and Business People Association (PASID) of Türkiye. The MoU marks a strategic step in Bahru Stainless’ expansion into the Turkish market and supports Malaysia’s trade diversification agenda through engagement with higher‑value and strategically important industrial markets.

EXIM Bank Malaysia played a pivotal role in facilitating this collaboration, which focuses on structured market access, business matching with Turkish importers and distributors, and the utilisation of benefits under the Malaysia–Türkiye Free Trade Agreement (MTFTA). The MoU provides a non‑binding framework targeting an indicative supply of up to 10,000 metric tonnes of stainless‑steel products over a 12‑month period, with commercial terms to be defined under separate agreements.

These MoUs build upon the financial cooperation MoU between EXIM Bank Malaysia and Türk Eximbank exchanged on 7 January 2026 in Ankara, witnessed by YAB Dato’ Seri Anwar Ibrahim, Prime Minister of Malaysia, and President Recep Tayyip Erdoğan of Türkiye. The cooperation framework enhances bilateral trade and investment through joint project development, co‑financing and knowledge exchange, reinforcing continuity across government‑to‑government and industry‑to‑industry engagements.

Malaysia–Türkiye trade reached RM24.13 billion (USD5.28 billion) in 2024, representing an 18.7 per cent year‑on‑year increase, reflecting strong and expanding economic ties. Key Malaysian exports to Türkiye include iron and steel products, palm oil, textiles, and electrical and electronic products, while Türkiye exports petroleum products, machinery, chemicals and processed food to Malaysia.

Datuk Nurbayu Kasim Chang, President and Chief Executive Officer of EXIM Bank Malaysia, said: “These MoUs reflect EXIM Bank Malaysia’s strategic role as a development finance institution in supporting responsible, risk‑managed international expansion by Malaysian companies. Through a focus on technology transfer and capability‑building, we are enabling our customers to integrate into higher‑value global supply chains in line with Malaysia’s industrial priorities under the New Industrial Master Plan 2030.”

About Export-Import Bank of Malaysia Berhad (EXIM Bank Malaysia)
Established in August 1995, EXIM Bank Malaysia provides financing and advisory support to Malaysian businesses pursuing global ventures across diverse sectors. EXIM Bank Malaysia fulfils its mandate to enhance competitiveness of Malaysian industries internationally, offering comprehensive banking and takaful products.

Effective 1 May 2025, EXIM Bank Malaysia became a subsidiary of Bank Pembangunan Malaysia Berhad (BPMB).