Kazakhstan discusses investment cooperation with European business

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ASTANA (TCA) — As part of Kazakhstan President Nursultan Nazarbayev’s official visit to Belgium on October 17-18, Kazakh Invest national investment support and promotion company held a number of meetings with heads of 25 leading European companies and transnational corporations, including Royal Dutch Shell, Alstom, Claas Group, Borealis, and Linde Group, for a detailed discussion of the current projects and prospects for further cooperation, the official website of the Prime Minister of Kazakhstan reported.

To date, the participants of the meetings implemented seven investment projects totaling more than $16 billion in Kazakhstan. Among the implemented cases are projects in the oil industry of Shell, production of electric locomotives and transformers of Alstom, and Polpharma pharmaceutical plant in Shymkent. Another six projects aimed at the production of high-quality building materials, construction of a solar power plant, potato processing and others are under implementation. The total cost of these investment projects is more than $300 million. In the future, the launch of 12 more productions with the participation of European investors is considered.

During the conversation with the Chairman of the Board of Kazakh Invest Saparbek Tuyakbaev, representatives of Carmeuse Group Transnational Corporation told about the implementation of a major investment project for the construction of a plant for the production of lime of 1st grade at the Saryopan field in Karaganda region.
Currently, the technical and economic feasibility studies for the construction of the plant are being developed, the production technology is determined, the land plot and the subsoil use right are provided.

Tuyakbaev discussed cooperation with the management of Van Hool, Belgian machine-building company. The company is interested in opening a joint venture for the production of buses in Kazakhstan. Representatives of Van Hool announced their readiness to transfer new technologies, create jobs and train local staff, and open service centers.

Clemens Tonnies, the head of Tonnies Holding, the largest German food company, spoke about the plans for the implementation of a joint Kazakh-German investment project for the construction of a meat processing plant. The company will include a pig farm and poultry farm, feedlot, and feed production. Today, the German side is selecting a potential Kazakh partner and location for the project.

Sergey Kwan

TCA