Malaysian experts are to advise the Venezuelan Ministry of Housing and Habitat on the development of a city planning project for resettlement, the government announced on Sunday following the arrival of a top-level delegation from the southeast Asian country.
Minister of Housing Romon Carrizales announced the cooperation initiative after Malaysian Prime Minister Abdullah Ahmad Badawi arrived at the International Airport of Simon Bolivar de Maiqueta, 30 km north of Caracas.
Abdullah, heading some of his ministers and a group of Malaysian business representatives, was greeted by Venezuelan Vice President Jose Vicente Rangel at the airport.
During his two-day visit, he was also scheduled to hold talks with President Hugo Chavez on the promotion of business ties. Chavez visited Malaysia in August.
"The Malaysian government has developed a successful program in Kuala Lumpur for communities' resettlement and city planning construction," said Carrizales.
The Malaysian prime minister was expected to sign a letter of intent for cooperation in projects to resettle people to newly-built complexes, as part of city planning schemes.
The two countries were also set to explore ways of expanding energy cooperation. The Venezuelan Foreign Ministry said Chavez and Abdullah would discuss energy initiatives and visit oil installations in eastern Venezuela.
Venezuela is the world's fifth largest oil exporter boasting an estimated oil reserve of 87.62 billion barrels.