Hosting of Expo-2017 helped Kazakhstan to attract foreign investors

ASTANA (TCA) — The hosting of the international exhibition Expo-2017 in Astana this past summer allowed national company Kazakh Invest to attract large foreign investors to Kazakhstan, Kazakh Invest Deputy Chairman Birzhan Kaneshev said at a press conference on October 11, the official website of the Prime Minister of Kazakhstan reported.

Kaneshev said that Expo-2017 in Astana was a unique opportunity for Kazakh Invest to attract investors.

During the exhibition, Kazakh Invest organized about 140 different events, met 30 business delegations from the United States, the United Arab Emirates, China, Switzerland, Austria, Poland, Czech Republic, Germany, Italy, Spain, France, Malaysia, Turkey, Thailand, Japan, South Korea, and Russia.

As a result, more than 20 cooperation agreements were signed. For example, a framework agreement was signed between Kazakh Invest and Germany’s Linde Group, one of the world’s leading manufacturers of gas and medical products.

Linde Group earlier invested in the construction of an air separation plant in Kazakhstan’s Temirtau, the largest plant of its kind in the CIS. During the Expo, the company expressed its intention to invest $150 million in Kazakhstan for the construction of a second air separation plant for the production of technical gases, and for the construction of a hydrogen production plant. Kazakh Invest will support Linde Group’s initiatives to implement investment projects and will provide all the necessary assistance.

A memorandum was signed between Kazakh Invest and Italy’s Bionet SrL on building of a plant for processing solid waste in Kazakhstan.

A memorandum of understanding was signed between Kazakh Invest and Poland’s largest pharmaceutical producer Polpharma, which plans to invest in research and analytical laboratories that will develop new technologies for the production of pharmaceuticals in Kazakhstan.

Sergey Kwan

TCA

Sergey Kwan has worked for The Times of Central Asia as a journalist, translator and editor since its foundation in March 1999. Prior to this, from 1996-1997, he worked as a translator at The Kyrgyzstan Chronicle, and from 1997-1999, as a translator at The Central Asian Post.
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Kwan studied at the Bishkek Polytechnic Institute from 1990-1994, before completing his training in print journalism in Denmark.

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