The 15th meeting of the Kazakh-German Business Council for Strategic Cooperation, co-chaired by First Deputy Prime Minister of Kazakhstan Roman Sklyar and Director of the Eastern Committee of the German Economy Michael Harms, was held in Berlin on August 28.
The meeting gathered Kazakh government and business representatives and heads of leading German companies such as Siemens, Svevind Energy, CT Agro, CLAAS KGaA, Flight Design General Aviation, Deutsche Bahn, KfW Banken Gruppe, and Deutsche Bank.
The co-chairs emphasized that the event was taking place ahead of Federal Chancellor of Germany Olaf Scholz’s visit to Kazakhstan in September.
The meeting focused on expanding Kazakh-German trade and economic cooperation, attracting investments, and implementing joint projects in the agro-industrial sector and processing industry.
It was noted that Germany is Kazakhstan’s largest trading partner in the European Union, and that Kazakhstan is among Germany’s top 50 foreign trade partners.
The lion’s share of German investments in Kazakhstan go to the country’s non-raw materials sector — the processing industry, chemical industry, production of building materials, transport, and agro-industrial sector.
Speaking on the sidelines of the event, Kazakhstan Deputy Minister of Foreign Affairs Alibek Kuantyrov urged further to intensify cooperation between the Kazakh and German business communities.
Noting the critical role of German companies in Kazakhstan’s industrialization, Kuantyrov stated that German companies are implementing 66 projects in Kazakhstan for a total of $54 billion, creating about 15,000 jobs.
Kuantyrov added that since 2005, German companies have invested about $7.8 billion in Kazakhstan’s economy, with a significant increase in the past year, reaching $770 million.
He expressed confidence that the upcoming visit of Scholz to Kazakhstan will bring bilateral relations to a new level and give an additional impetus to strengthening existing and creating new economic ties.
Kuantyrov emphasized the significance of cooperation in the context of the Trans-Caspian International Transport Route (TITR), also known as the Middle Corridor. He noted that cargo traffic through the Middle Corridor to Germany and the EU has increased almost threefold since the beginning of 2022 — to 1.5 million tons and 2.6 million tons, respectively, during the first seven months of this year, adding that the potential of TITR is estimated at 10 million tons of cargo a year. In this regard, Kuantyrov invited German partners to participate in developing Kazakhstan’s Caspian Sea ports of Aktau and Kuryk.
