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Kazakh-German Investment Forum held in Germany

by June 4, 2018 Key Issues

The purpose of the trip is to participate in the business forum on the topic Investment Opportunities in Kazakhstan � Chances for German Companies, organized jointly with the Chamber of Commerce and Industry of Cologne and the German Committee on Eastern European Economic Relations.

In the course of the trip, Kazakh Invest NC JSC held a road show and presented possible investment projects in priority industries. In particular, detailed information on business opportunities in Kazakhstan, legislative support, competitive advantages for attracting foreign investment in the context of the Kazakhstan-2050 Development Strategy, as well as the Addresses of the President Nursultan Nazarbayev on socio-economic modernization of the country were presented.

At the forum, Saparbek Tuyakbaev, chairman of the board of Kazakh Invest, noted that about two-thirds of GDP of Central Asian countries falls on Kazakhstan, which ranks first among the countries of the Commonwealth of Independent States in terms of attracted investments per capita.

Tuyakbaev also talked about the current mechanisms for supporting foreign investors, including through a wide range of financial instruments of the Astana International Financial Centre.

According to Kazakh Invest, at present, world companies operating in Kazakhstan have access to the market with more than 500 million people. There is a multi-modal Eurasian transport corridor which passes through Kazkhstan, it includes 5 rail and 6 international automobile routes, including the modern transcontinental highway Western Europe � Western China.

Ambassador of Kazakhstan to Germany Bolat Nussupov, speaking at the forum, noted that the passing Forum is a clear evidence of dynamically developing relations between our countries.

We can safely say that the current forum contributes to the further deepening of this process, the strengthening of cooperation with Germany. I am convinced that such a partnership will contribute to the intensification of mutual trade, economic and cultural ties, the development of tourism, the better understanding and friendship of the peoples of our countries. I would like to note that in Kazakhstan, there are already more than 1500 joint and 900 German enterprises. We would be happy if this list is expanded further, Nussupov said.

Representatives of German economic, expert and business circles praised the efforts of Kazakhstan to create a favorable investment climate and noted that Kazakhstan remains a key economic partner of Germany in Central Asia and an important connecting bridge between Europe and Asia along the Great Silk Road trajectory. As noted by Alexander Hoeckle, managing director of the Chamber of Commerce and Industry of Cologne, effective measures taken by Kazakhstan in the field of investment protection and promotion have increased the number and quality of projects of German companies in Kazakhstan.

Within the framework of the trip, the Kazakh delegation also visited Zoz Technology Center (ZTC) technology park and the cluster center of Continental AG in Dusseldorf, and held a number of bilateral meetings with the leadership of leading companies. Following the meeting with the managing partner of the Schneider Group company, Ulf Schneider, an agreement on cooperation with Schneider Group has been signed.

During the stay in Germany, about 25 bilateral meetings of the Kazakh delegation with the leadership of economic associations and German companies were held in the fields of engineering, agriculture, construction materials and on the agreements on 5 potential investment projects.

Source: The Prime Minister of Kazakhstan