Malaysia has praised development of nanotechnology by Iran, saying the country is ready to share cooperation with Tehran in the field.

Speaking at the 2007 Malaysia national conference and exhibition, Malaysia's deputy director for Standard and Industrial Research Institute of Malaysia (SIRIM), Zein Alabedin Mohammed Yousef pointed to the 20-year outlook technological development program and expressed hope for enhanced cooperation between the two countries.

"Since Iran and Malaysia share similar views on the development of advanced technology, existing prospective should be availed of," the Malaysian official said.

Malaysia is hopeful to project a mechanism which would boost advanced technological cooperation among the Organization of Islamic Countries (OIC) in the long-run as well.

SIRIM has signed a memorandum of understanding with Iran's Oil Industry Research Center and Iran Composite Institute.

On Wednesday, Malaysia's Putra World Trade Center hosted the first ever joint advanced technology cooperation with Iran led by Reza Sajjadi, a presidential envoy who attended the conference heading an eight-team researchers and university professors.

MRD/FH/PA