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Kazakhstan-German investment forum took place in Germany

As part of the arrangements reached during the meeting of the Prime Minister of the Republic of Kazakhstan Bakytzhan Sagintayev with the leadership of the Eastern Committee of the German Economy within the framework of the AEF 2018, the Kazakhstan delegation, chaired by Chairman of the Board of NK KAZAKH INVEST JSC Saparbek Tuyakbayev made a working visit to Germany (Cologne, Düsseldorf, Berlin) to participate in the business-forum titled “Kazakhstan’s Investment Opportunities - Chances for German Companies”, organized jointly with the Chamber of Commerce and Industry of Cologne and the Eastern Committee of the German Economy.

During the event, NK KAZAKH INVEST JSC held a round-show and presented possible investment projects in the priority sectors. In particular, it presented detailed information on business opportunities in the Republic of Kazakhstan, legislative support, competitive advantages for attraction of foreign investments in the context of the Development Strategy “Kazakhstan-2050”, and also the Addresses of the President of the Republic of Kazakhstan Nursultan Nazarbayev on socio-economic modernization of the country.

During the forum, Chairman of the Board NK KAZAKH INVEST JSC Saparbek Tuyakbayev noted that about 2/3 of investments of GDP of the Central Asian countries amount to Kazakhstan which ranks first among the countries of the Commonwealth of Independent States on the attracted investments per capita.

S.Tuyakbayev also told about the current mechanisms of support of foreign investors, including through a wide range of financial tools of the AIFC.

According to Kazakh Invest, now the world companies operating in Kazakhstan have access to the market of more than 500 million people. The multimodal Eurasian transport corridor passes through Kazakhstan, including 5 railway and 6 automobile international routes, as well as the modern transcontinental highway “Western Europe - Western China”.

Ambassador of the Republic of Kazakhstan to the Federal Republic of Germany Bolat Nusupov speaking at the forum noted that the passing Forum is a bright evidence of dynamically developing relations between our countries.

“It can be declared that the current forum promotes the further deepening of this process, strengthening of cooperation with the Federal Republic of Germany. I’m convinced that such partnership will contribute to intensification of mutual trade and economic and cultural communications, development of tourism, the better understanding and friendship of the peoples of our countries. I’d like to note that in Kazakhstan there are already more than 1500 joint and 900 German enterprises. We would be glad to expand this list. Kazakhstan is interested in such a partner and is ready to make its feasible contribution to make it successful”, - B.Nusupov said.

Representatives of economic, expert and business-circles of Germany highly estimated taken efforts of Kazakhstan on creating a favorable investment climate and noted that Kazakhstan remains a key economic partner of the Federal Republic of Germany in the Central Asia and an important linking bridge between Europe and Asia along the trajectory of the Great Silk Way. The Managing Director of the CCI Cologne Alexander Höckle noted that the effective efforts undertaken by Kazakhstan in the area of investment protection and promotion have increased the number and quality of projects of the German companies in Kazakhstan.

As part of the visit, the Kazakhstan delegation visited the technological park Zoz Technology Center (ZTC) and the cluster center of Concern Continental AG in Düsseldorf, and also held a number of bilateral meetings with the leadership of leading companies. The meeting resulted in signing the cooperation agreement with Ulf Schneider, the managing partner of Schneider Group Company. 

Within the framework of the stay in Germany, about 25 bilateral meetings of the Kazakhstan delegation with the leadership of economic associations and German companies were held in the sectors of mechanical engineering, agriculture, building materials where they agreed on 5 potential investment projects.