As part of the 27th St. Petersburg International Economic Forum on 5 June, delegates engaged in a panel discussion themed “Russia-Kazakhstan.”
The panel comprised representatives of both countries’ public and private sectors, including Deputy Prime Minister of Kazakhstan Serik Zhumangarin, Kazakh Ambassador to Russia Dauren Abayev, and Chairman of the Board of national company Kazakh Invest Yerzhan Yelekeev.
As reported by Kazakh Invest, Ambassador Abayev emphasized the strategic importance of Kazakhstan-Russia relations by stating: “Today, Kazakhstan and Russia are implementing 135 joint investment projects worth over $26 billion, creating 28,000 jobs, which is a record figure in recent years. We expect these numbers to continue growing.”
Kazakh Invest’s Yelekeev focused on the growing potential for developing bilateral relations, the need to increase investment in joint projects, and favorable changes in Kazakhstan’s investment environment.
“Over 19,000 enterprises are successfully operating with Russian participation in Kazakhstan,” announced Yelekeev. “Good results have been achieved through leading projects and very promising initiatives in the investment sector. Russia remains one of the largest investors in our economy. Joint projects contribute to the development of technologies, the opening of new markets, and the creation of jobs. Last year saw a record gross inflow of Russian investments approaching the $3 billion mark.”
Yelekeev also presented prospective niches to Russian businesses for potential investment projects in the mining and metallurgical sector, petrochemicals, and the automotive industry.
