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Kazakhstan’s investment opportunities presented in New York

by October 4, 2018 Fun

The event was attended by more than 250 representatives of major international corporations, including such companies as Backer and McKenzie, Chevron, GE Transportation Digital, RocketSpace Capital and others.

At the opening of the conference, Deputy Prime Minister of Kazakhstan Askar Zhumagaliyev made a welcoming speech from the Kazakh side. The United States has always been a strategically important partner for Kazakhstan. In 26 years, the US and Kazakhstan have reached an unprecedented level of mutual trust, commitment, and partnership.

“I am here today with a very important mission – to ensure the implementation of the agreements reached by the leaders of our countries in the White house. Now is the time to build on the positive trends currently emerging for both countries and move towards innovation and knowledge projects. Over the past few years, Kazakhstan has completed a large-scale reform program, which has improved the business and investment climate, as well as integrate our country into regional and global trade,” Deputy Prime Minister of Kazakhstan said.

Kazakhstan sees prospects in such non-primary sectors of the economy as information technology, mining and metallurgy, engineering, agriculture, as well as food, chemical and petrochemical industries. In order to move to a diversified knowledge-based economy, Kazakhstan is actively implementing a digitalization program. Within the framework of the state program “Digital Kazakhstan,” measures are taken to develop human capital, create e-government and digital economy, provide broadband in all parts of the country, as well as support the innovation ecosystem.

“On the initiative of the Head of State Nursultan Nazarbayev we are creating an international Technopark of IT-startups (Astana Hub). It is a unique platform for it companies, investors and others to promote digital development. The official presentation is scheduled for November 5, 2018. I am delighted to encourage our American partners to make most out of our ambitious plans. We welcome you all to use broad investment incentives and state support. And of course, invest in Kazakhstan,” concluded Zhumagaliyev.

In addition, on the sidelines of the conference Zhumagaliyev held a number of bilateral meetings with Chevron’s President on Exploration and Production in Europe, Eurasia and the Middle East Todd Levy, CEO of Theia Group Stephen O’Neill, Executive Vice President of Baron Services Rob Baron, co-owner of RocketSpace Capital L. Hagan, CEO of Network 1 Financial Richard Hunt, Chairman and CEO of W. R. Grace Keith Cole, as well as Chief Investment Strategist of Verno Capital Roland Nash. Prospects of cooperation in the fields of energy, transport and logistics, information technology and trade were discussed. From the Kazakh side, Ambassador Extraordinary and Plenipotentiary of Kazakhstan to the US Yerzhan Kazykhanov, Vice Minister for Investment and Development Arystan Kabikenov, Vice Minister of Energy Bolat Akchulakov, Chairman of the Board of JSC Kazakh Invest Saparbek Tuyakbaev also took part in the meetings.

During the conference, the Governor of the Astana International Financial Center Kairat Kelimbetov, in his turn, discussed with the participants of the event the opportunities for conducting and developing international business in Kazakhstan, taking into account the work of the AIFC and the expanding international and regional network of Kazakh Invest offices aimed at providing support to investors.

The forum resulted in the agreement to conclude a number of contracts.

Source: The Prime Minister of Kazakhstan