NUR-SULTAN (TCA) — Kazakh Invest national investment promotion company presented Kazakhstan’s investment opportunities during the First Caspian Economic Forum held in Turkmenbashi, Turkmenistan on August 11-12.
Kazakh Invest representatives discussed Kazakhstan’s competitive advantages and held a series of negotiations with potential investors, the company said.
During the meeting with Turkey’s Calik Holding, the parties discussed cooperation in the textile industry. The Turkish holding has operations in 22 countries in various fields and employs more than 30 thousand people. Gap Pazarlama, a subsidiary of the holding and one of the largest company in the textile industry, has production facilities in Central Asia.
“We already have four plants in Turkmenistan. Now, we are seriously considering the possibility of investing in Kazakhstan, but for this we need a reliable local partner. We hope that cooperation with Kazakh Invest will bring some fruitful results,” said Onur Yuksel, Deputy General Manager of Gap Pazarlama. Following the meeting, the parties agreed to have further negotiations on specific projects in the textile industry in Kazakhstan.
Following the meeting with Lighting Technologies, Russian investors expressed their intention to build a plant for production of lighting and light control systems in Kazakhstan’s Almaty region. The Russian company plans to export products to be made in Kazakhstan to Central Asian countries, Mongolia, and Azerbaijan.
Kazakh Invest also had a meeting with Schelkovo Agrohim, one of the largest Russian producer of pesticides and agrochemicals for integrated protection of agricultural crops, production of cereal seeds, legumes seeds and sugar beet. The company expressed its interest in increasing the capacity of its plant in Stepnogorsk in Kazakhstan’s Akmola region for production of plant protection agents.
Russia’s Elabuga Battery Factory producing automobile batteries is ready to consider investing in Kazakhstan. “For us, Kazakhstan is a promising market. We are ready to cooperate with Kazakh Invest and consider investment opportunities in our field,” said Oleg Korobchenko, the Russian company’s CEO.
The First Caspian Economic Forum provided a platform for discussion on the development of trade, economic and transport cooperation, creation of conditions for large projects, the role of the Caspian region’s economy in the global context as well as investment attractiveness of the Caspian states. The forum was attended by representatives of Russia, Kazakhstan, Uzbekistan, Azerbaijan, Iran, Turkmenistan, and other countries.
