The Head of National Company KAZAKH INVEST met with the Ambassador Extraordinary and Plenipotentiary of the Federal Republic of Germany
On November, 7 Astana hosted a bilateral meeting of the Chairman of the Board of NC KAZAKH INVEST JSC Saparbek Tuyakbayev with the Ambassador Extraordinary and Plenipotentiary of the Federal Republic of Germany Tilo Klinner. At the meeting the partied discussed their cooperation within the limits of attraction of German investments in priority sectors of the economy of Kazakhstan.
During the meeting, the head of NC KAZAKH INVEST JSC Saparbek Tuyakbayev noted that Germany is among 11 priority countries to attract investments, in particular in the food-processing industry. NC KAZAKH INVEST JSC is currently implementing the teasers of niche projects in such sectors as poultry meat, beef processing, baby food and sweets. The company is ready to offer German businessmen reliable partners represented by domestic entrepreneurs to implement these projects. The Chairman stressed that Kazakhstan offers investors access to vast foreign markets. For example, neighboring China imports 7 million tons of meat annually. This is a potential commodity market for meat products produced in Kazakhstan, which in turn has a large volume of raw material.
The Chairman of NC KAZAKH INVEST JSC proposed to use financial tools of the Development Bank of Kazakhstan and the Kazakh Export National Company to attract export-oriented investors and expressed readiness to assist current investors in their activities in the regions.
The parties considered the possibility of further cooperation in fields of metallurgy, mechanical engineering, chemical industry and infrastructure projects. It is planned to attract German business to Kazakhstan projects of public-private partnership and infrastructure prepared by PWC and Deloitte companies.
Following the meeting, the participants of the dialogue discussed issues of the organization of forthcoming bilateral events, including the investment conference in Frankfurt am Main (November, 23) and the Kazakhstan-German Business Council (December, 7).