NUR-SULTAN (TCA) — Kazakhstan’s delegation visited Tokyo on August 1-2, where it had separate meetings with heads of Japanese companies and organizations, such as Sumitomo, Marubeni, Nippon Express, Hitachi Construction Machinery, Chiyoda Technol, Sumitomo Mitsui Banking Corporation, Sojitz, Terra Drone, JOGMEC, and Nikke Group, the Kazakh Foreign Ministry reported.

The parties discussed ongoing and perspective joint projects in Kazakhstan in such industries as engineering, energy, agriculture, logistics, petrochemicals, light industry, robotics and ICT. The Kazakh side informed the Japanese companies on measures to improve the investment climate and expanding opportunities for investors in Kazakhstan.

Japanese investors expressed interest in investing in Kazakhstan’s economy, as well as informed about the progress of current investment projects in Kazakhstan. The world’s fourth largest logistics company, Nippon Express, announced the official opening of its Central Asian office in Kazakhstan in August. Hitachi Construction Machinery Co., which has been operating in Kazakhstan since 2004, is working on creation of a regional center for repair and maintenance services for mining equipment. Japan Oil, Gas and Metals National Corporation (JOGMEC) intends to continue cooperation in the development of rare earth metal processing technologies. The management of Sumitomo Mitsui Banking Corporation, the largest Japanese bank, suggested using a credit line opened jointly with Kazakhstan’s Baiterek National Holding as actively as possible.

In addition, on August 2, Deputy Foreign Minister Ermek Kosherbayev, who led Kazakhstan’s delegation, met with Japanese Parliamentary Vice-Minister for Foreign Affairs Kenji Yamada. They discussed economic cooperation between Kazakhstan and Japan.

The Japanese side expressed readiness to support Kazakhstan’s initiatives to intensify investment cooperation.

The Kazakh delegation included representatives of the Industrial Development and Industrial Safety Committee of the Ministry of Industry and Infrastructure Development, the Investment Committee of the Ministry of Foreign Affairs, and Kazakh Invest national investment promotion company.

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