Agreements for $9 billion signed at Kazakhstan Global Investment Roundtable


NUR-SULTAN (TCA) — The Third annual Kazakhstan Global Investment Roundtable (KGIR-2019) chaired by the Prime Minister of Kazakhstan Askar Mamin was held in Nur-Sultan on May 17.

KGIR-2019 was one of the key events for Kazakhstan’s business and foreign investors’ community, which gathered more than 1100 heads of the world’s major companies and domestic enterprises, international experts, representatives of international and state organizations. About 600 of them were foreign participants from 41 countries (the USA, the UK, Germany, France, Italy, Turkey, India, Singapore, Korea, the UAE). They included the top management of the global companies such as Cisco, Nokia, CITIC Bank Corporation, WILO SE Group, AGCO Corporation, Valmont Industries, Tyson Foods, Yildirim Group and other companies, Kazakh Invest national investment promotion company reported.

The participants agreed on investments and signed commercial agreements for 43 projects worth USD 8.7 billion.

In particular, in the field of gas chemistry, the Akimat (administration) of Mangistau region and the Singaporean company Westgasoil signed a Cooperation Agreement to implement the project of methanol and olefins production. The project implementation will allow localizing the export-oriented production of chemicals through the development of the country’s gas chemical complex.

In order to develop exports, Yıldirim Holding (Turkey) and the akimat of Zhambyl region signed an Agreement to construct a soda ash plant in Zhambyl region. The plant’s design capacity will be 400 thousand tons per year.

The project of greenhouse complexes construction is also focused on export-oriented agricultural products — a corresponding project agreement was signed between Kazakh Invest and the Russian investor ECO-Culture AH. In the food industry, a Memorandum of Cooperation was signed between the Akimat of Pavlodar region and Beijing NAALE GROUP (China) for a sugar plant construction. In addition, this investor expressed the intention to build an aluminum can factory in Almaty, having signed an agreement with the city Akimat.

In the field of transport and logistics, YDA Holding (Turkey) signed an agreement with the Akimat of the Turkestan region to construct and operate an international airport. This is the first airport in the history of Kazakhstan the construction of which will be started from scratch. Another transport project is the creation of a logistics hub on the basis of the international airport in Aktobe — the corresponding agreement was signed between Kazakh Invest and AEON corporation (Russia). The project aims to create an additional aviation hub in the west of the country and a new route for multimodal cargo transportation in the Europe-Asia direction.

An agreement was reached between Canarax Trading LLC (UAE) and the Akimat of Pavlodar region to produce technical silicon with the prospect of increasing the design capacity to 165 thousand tons per year. It is planned to produce 30 thousand tons at the first stage. The plant’s products will be used for the production of metal alloys, organic compounds, electronics and solar energy.

In the field of healthcare, an agreement was signed with the Shanghai Constructions Group (PRC) to construct a 1000-bed multidisciplinary clinic in Shymkent. It is expected that the clinic, outfitted with new technologies and equipment, will provide a full range of medical services and will become the only proton therapy center in Central Asia.

A Roadmap was signed in the field of education for the implementation of project “Construction of an Educational Metropolis – Kindergarten, School, College, University” with the Singapore investor Kinder World in three regions: cities of Nur-Sultan, Almaty and Shymkent. In the coming years, a network of international schools will be built, as well as a college and an educational campus in the capital of Kazakhstan.

In addition, agreements have been reached on projects such as the construction of data centers and the introduction of 5G projects in Kazakhstan.

Sergey Kwan