Kazakhstan and Egypt hold business forum in Astana

ASTANA (TCA) — During the Kazakhstan-Egyptian business forum on March 5, Marat Birimzhan, Deputy CEO of Kazakh Invest national investment support and promotion agency, spoke about the investment opportunities and support for foreign investors in Kazakhstan. He noted that Kazakh Invest is the sole authority dealing with all FDI negotiations and working on behalf of the Government of Kazakhstan. The company provides a full range of services and supports investors on their investment journey in Kazakhstan according to the “one-stop shop” principle. Additionally, Kazakh Invest promotes the Special Economic Zones and the Industrial Zones that offer foreign investors a range of attractive incentives.

The Kazakhstan-Egyptian business forum was organized during an official working visit of the Egyptian business delegation headed by the Vice-Minister of Trade and Industry, Ahmed Taha Boraie. The business delegation’s aim is to consider the investment opportunities in Kazakhstan and meet with representatives of Kazakhstan’s business community.

The visit’s program additionally includes meetings with the representatives of Kazakh companies, Akimat (administration) of Astana, the Ministries and Government organizations as well as the National Chamber of Entrepreneurs Atameken, Kazakh Invest and KIT Business Association.

Kazakhstan and Egypt have established close economic and trade cooperation. In 2017, trade turnover between the two countries amounted to $62.4 million. Kazakhstan predominantly exports petroleum products, metal products and flax seeds, among others, and imports chemical products, pharmaceuticals, clothing, and citrus fruits from Egypt.

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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