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A Turkmen delegation led by the Deputy Chairman of the Cabinet of Ministers, Minister of Foreign Affairs of Turkmenistan, Rashid Meredov visited Italy on March 20th for negotiations with the Deputy Prime Minister and Minister of Foreign Affairs of Italy Antonio Tajani. The foreign ministers discussed bilateral relations in political, diplomatic, trade, economic, cultural and humanitarian sectors. The Turkmen Foreign Minister also held talks with the Deputy Prime Minister, Minister of Infrastructure and Transport of Italy, Matteo Salvini and top representatives of the Italian transport sector. The parties discussed expanding cooperation in the field of railway and maritime transport, and signed a Memorandum of Cooperation between the ports of Turkmenbashy (Turkmenistan) and Naples (Italy).
On March 20th the Prime Minister of Kazakhstan Olzhas Bektenov attended a meeting in Qatar with the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani. During discussions, Bektenov emphasized the importance of the two countries’ economic partnership in the Arab world and reported on the imminent implementation of large-scale and strategically significant investment projects worth an unprecedented amount of $17.6 billion. The governments of Kazakhstan and Qatar subsequently signed an agreement on establishing a long-term strategic partnership for the development of projects in priority sectors. Projects include the construction of gas processing plants in Kazakhstan at a cost of around $5.7 billion. The additional construction of a Aktobe-Kostanay gas pipeline and the second section of the Beineu-Bozoy-Shymkent gas pipeline for a total cost of around $7.7 billion, will develop gas supplies to Kazakhstan's northern regions. A further investment of around $2.7 billion will fund the construction of a combined cycle gas power plant with a capacity of 1,100 MW, and a hydroelectric power plant with a capacity of 350 MW, to ensure long-term energy security of Kazakhstan. With reference to agriculture, the Prime Minister declared Kazakhstan’s readiness to supply halal and organic products to Qatar, and stated that the two countries are on course to construct plants for the deep processing of wheat, peas and milk in Kazakhstan.
On March 20th, First Deputy Chairman of the Cabinet of Ministers of the Kyrgyz Republic, Adylbek Kasymaliev attended a ceremony to launch the construction of a new clinker line at the cement plant in Kant. Kasymaliev reported that in 2023, the plant received $8.5 million from the Kyrgyz-Russian Development Fund for an export-oriented aerated concrete line. This year, thanks to a loan of $50 million from the Eurasian Development Bank and $20 million of internal investments, the construction of a new clinker line has begun. Clinker is essential for cement production and its versatility allows it to be stored and transported globally without risk of degrading. With the completion of the new line, the production of high-quality clinker will total 800 thousand tons per year. Located 20km east of Bishkek, Kyrgyzstan’s largest cement plant currently produces over 1.1 million tons of cement per year and since it cooperates with 45 companies – from manufacturers of bags for cement to end consumers – the plant’s activities have a widespread impact on Kyrgyzstan’s economy.
Six Hyundai Rotem high-speed trains made in South Korea will soon be launched between Tashkent and Khiva. The electric trains will have seven carriages, and will be able to carry 350 passengers at speeds of up to 250 kilometers per hour. To purchase the trains, Uzbekistan will use a $200 million, 35-year loan from the Economic Development and Cooperation Fund (EDCF) of the Republic of Korea. A feasibility study for the project is currently being drawn up. Uzbekistan had originally planned to purchase high-speed trains from Hyundai back in 2018, with the project estimated at $1 million. But the national rail company Uzbekistan Temir Yollari ended up instead signing a contract with the Spanish company Talgo, which manufactured the Afrosiyob trains currently in use in the country. A $162 million loan for electrification of the 465km Bukhara-Miskin-Urgench-Khiva railway line was approved by the Asian Development Bank (ADB) back in 2021. High-speed trains that will connect these cities will shorten the journey by two hours. The project was planned as part of the Central Asia Regional Economic Cooperation (CAREC) Corridor 2 program. It will link China and Europe through Central Asia and aims to boost the countries' cross-border trade. Uzbekistan is actively developing its tourism potential. Because of this, Uzbekistan Temir Yollari and the Italian company Arsenale Group are planning a luxury tourism train project. The train will have all the accoutrements for comfortable, five-star travel along the Silk Road along the Tashkent-Samarkand-Bukhara-Khiva-Tashkent route.
At a meeting on March 19th between Yerzhan Yelekeyev, chairman of Kazakh Invest, and representatives of Eurasia Swiss Holding AG, the latter announced its intention to invest in two new projects in Kazakhstan. The Swiss holding company plans to build an innovative medical centre equipped with positron emission tomography and computed tomography services. According to Gulmira Amatova, director of Eurasia Swiss Holding Investment LLP, a subsidiary of Eurasia Swiss Holding AG, the centre will provide wide public access to new technologies and methods of tomography which will significantly enhance the quality of life of cancer patients. The second initiative planned by the Swiss holding company at a cost of $62 million, comprises the construction of dairy farms and a dairy plant in Kazakhstan’s northern Kostanay region. Eurasia Swiss Holding AG looks forward to concluding an investment agreement with the Government of Kazakhstan on both projects.
By the end of last year, trade volume between Kazakhstan and China had increased by 30 percent. Kazakhstan sends oil, gas and metals to China, while importing clothing, machinery and cars. Mutual trade between the countries hit $31.5 billion in 2023, which is 30.4% more than in 2022. The main share of bilateral trade between the countries is imports to Kazakhstan of $16.8 billion. At the same time, exports increased by 11.7% over 12 months to $14.7 billion. China takes 22.5% of Kazakhstan's total trade with foreign countries: 27.4% of imports and 18.7% of exports. Popular export categories include refined copper and unprocessed copper alloys, natural gas, precious and rare earth metals, as well as radioactive elements and ferroalloys. However, Kazakhstan's Ministry of Agriculture reports that in recent years the demand for organic and environmentally friendly agricultural products produced in Kazakhstan has increased among Chinese buyers -- and the export of those products to China last year almost doubled, to $1.01 billion.
