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Kuala Lumpur: The Ministry of Science, Technology & Innovation (MOSTI) sees potential collaboration of US$113 million (US$1=RM4.30) in bio-based and innovation projects from the Astana Expo 2017 (Expo 2017) which ended on June 30.In a statement today, the ministry said the collaboration arose from the business matching sessions it had organised at the Malaysia Pavilion between local companies and their counterparts from Kazakhstan, India, China and Switzerland.

It saw the exchange of five Memorandums of Understanding valued at more than US$113 million.

Bioeconomy Corporation Project Director and Senior Vice-President Zainal Azman Abu Kasim said he was impressed with the eagerness of Malaysian bio-based and innovation companies to explore the Central Asian market.

"Close to 34,000 guests visited the Malaysia Pavilion, and we had 20 business matching activities during the event.

"We are expecting more collaborations and contract signings in the next few weeks, as some of them are still finalising the details," he said.

One company which participated in the Expo 2017 was Ronser Biotech (a BioNexus Status company), which signed an MoU with KazBiotechnologies for sewerage treatment. – Bernama