In the same vein, while Malaysia is Turkey’s largest trading partner in Southeast Asia, for Malaysia, Turkey is its third most important trading partner in West Asia. A number of Turkish companies also operate in Malaysia and these include FNSS A.S., Evyap, Haus, Yonca-Onuk, Prota Asia, Novaplast, Dorce, Tepe Kimya, Polin Waterparkbuilds, Arcelik-Beko, Dalin, LC Waikiki, Aselsan, and De Facto – to name a few.
Similarly, a few Malaysian companies too have invested in Turkey, notable amongst which is the Malaysian Airports Holding Berhad (MAHB) that not only operates but is, in fact, the largest shareholder in Istanbul’s Sabiha Gökçen International Airport, Turkey’s second busiest airport.
In terms of trade and investment, Turkey views Malaysia as its gateway to Southeast and East Asia, and likewise Malaysia sees Turkey as its doorway into the West Asian and European regions.
In the defense sector, Turkey is one of Malaysia’s main source of defense procurement, namely armored vehicles and military communications. During the visit by President Erdoğan to Malaysia in December 2019, a number of agreements between firms in the defense sector were signed.