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Luxembourg is interested in boosting investment cooperation with Kazakhstan

The Luxembourg Chamber for Commerce in cooperation with the Embassy of Kazakhstan in Belgium and NC KAZAKH INVEST JSC organized a webinar on “Kazakhstan as the land of great opportunities”.

The event was attended by the Ambassador of Kazakhstan to Belgium and the Grand Duchy of Luxembourg Aigul Kuspan, Head of the Investment Committee of the Ministry of Foreign Affairs of the Republic of Kazakhstan Askar Shokybayev, Honorary Consul of Kazakhstan in Luxembourg Benedict Sobotka, Director of International Cooperation of the Luxembourg Chamber for Commerce Cindy Tereba, representatives of NC KAZAKH INVEST JSC, AIFC and Samruk-Kazyna JSC.

The Ambassador of Kazakhstan Aigul Kuspan highlighted the socio-economic attractiveness of Kazakhstan for foreign investors, the prospects for economic cooperation between the two countries, the high level of political relations with Luxembourg.

Askar Shokybayev stressed the high rates of Luxembourg's investments in the economy of Kazakhstan amounting to almost $1.4 billion. At the same time, the Kazakhstan diplomat noted the openness of Kazakhstan for future investors in Luxembourg, readiness for joint projects.

Alongside with that, Ainur Tumysheva, a foreign representative of KAZAKH INVEST in Europe, presented the investment climate of Kazakhstan and measures to support foreign business.

“Due to the worldwide decline in foreign direct investment, it is our priority to provide all the required support to existing and potential investors. Our natural advantages, as well as state institutions and investment climate formed in Kazakhstan over the past decades, will ensure a stable long-term result and mitigate the effects of the crisis. In Kazakhstan, you will find comprehensive support for successful implementation of business initiatives and investment opportunities. And KAZAKH INVEST will be glad to be your reliable partner on the way to success”, - said Ainur Tumysheva.

Following the event, the parties expressed their intention to further deepen bilateral trade, economic and investment cooperation.