• KGS/USD = 0.01181 0%
  • KZT/USD = 0.00210 0%
  • TJS/USD = 0.09404 0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01181 0%
  • KZT/USD = 0.00210 0%
  • TJS/USD = 0.09404 0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01181 0%
  • KZT/USD = 0.00210 0%
  • TJS/USD = 0.09404 0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01181 0%
  • KZT/USD = 0.00210 0%
  • TJS/USD = 0.09404 0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01181 0%
  • KZT/USD = 0.00210 0%
  • TJS/USD = 0.09404 0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01181 0%
  • KZT/USD = 0.00210 0%
  • TJS/USD = 0.09404 0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01181 0%
  • KZT/USD = 0.00210 0%
  • TJS/USD = 0.09404 0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01181 0%
  • KZT/USD = 0.00210 0%
  • TJS/USD = 0.09404 0.11%
  • UZS/USD = 0.00008 0%

Viewing results 1 - 6 of 5

Iranian Cooperation with Kazakhstan on New Terminal at Bandar Abbas Port

On June 29, Deputy Prime Minister of Kazakhstan Serik Zhumangarin held a meeting with founder and president of the Iranian shipping company Golden Line, Ali Akbar Ehsani. Golden Line provides services for handling shipping containers and logistics in the port of Caspian on Iran’s Caspian coast. As reported by the Kazakh government’s press service, the Iranian company is interested in expanding its services for the export and transit of various cargoes from Kazakhstan, other Central Asian countries, Russia and Azerbaijan, to ports in the Persian Gulf, Indian Ocean, Asia and Africa. The Iranian port of Caspian, where the company’s main loading and unloading facilities and ships are located, was recently connected to the Iranian railway network, providing direct connections between ports in the Caspian Sea and the Persian Gulf. Regarding the above, the head of the shipping company proposed cooperating with Kazakhstan on the construction of a Kazakh terminal in the port of Bandar Abbas. “We have 25 hectares of container area at our disposal in the port of Bandar Abbas. We are also ready to allocate another 30 hectares in a convenient location for the Kazakh terminal in the port and invest in its construction,” said Ali Akbar Ehsani. In response, Deputy Prime Minister Zhumangarin invited the Iranian company to participate in the first international transport and logistics forum “North - South”, scheduled for the end of July in Aktau (Kazakhstan), to discuss the project with potential Kazakh partners.  

Kyrgyz-German Business Forum

On June 20, First Deputy Chairman of the Cabinet of Ministers of the Kyrgyz Republic Adylbek Kasymaliev presided over a Kyrgyz-German business forum hosted by Frankfurt am Main. Kasymaliev noted that during 32 years of bilateral cooperation, his country’s German partners have implemented several socially significant projects in Kyrgyzstan, including the establishment of an Anti-TB Clinic and a Perinatal Center in Bishkek. Referencing the facts from 2019-2023, bilateral trade turnover had increased 5.5-fold and over 180 joint Kyrgyz-German enterprises currently operate in Kyrgyzstan, first deputy prime minister emphasized that “the potential of cooperation between the two countries has not been fully realized.” Calling on German businesses to further their investment in projects in Kyrgyzstan, Kasymaliev stated, “The undertaken fiscal reforms have made it possible for Kyrgyzstan to instigate the most liberal tax regime in Central Asia”, to the great advantage of German companies and entrepreneurs investing in joint ventures.  

Uzbekistan and Korea Forge New, High-Tech Agenda for Strategic Partnership

On 14 June, South Korean President Yoon Suk Yeol held talks with Uzbekistan President Shavkat Mirziyoyev. During their meeting in Tashkent, it was noted that the Republic of Korea is among Uzbekistan’s leading trade and investment partners. Last year, bilateral trade turnover reached $2.5 billion, and Korean investments in Uzbekistan now exceed $7.5 billion. Negotiations focused on the formation of a new, high-tech agenda for Uzbek-Korean strategic partnership over the next three years. As a result, the two leaders tasked their governments to prepare a Strategic Program for the creation of a regional high-tech hub in Uzbekistan, with priority given to the following “anchor” areas of the Strategy: Partnership on critical mineral resources with deep processing and creation of a complete added value chain. Strategic cooperation in the field of semiconductors, in which the Republic of Korea is recognized as a global leader, and the implementation of plans to create in Uzbekistan’s first fully-fledged research and production cluster of semiconductor products. Full-scale partnership in the chemical industry, including new projects to produce green hydrogen and ammonia, as well as finished rubber products. Deepening cooperation in mechanical engineering. This spring, an assembly line for KIA cars was launched in Uzbekistan’s Jizzakh region, to be followed next year, by a plant with the capacity to manufacture over 60 thousand vehicles per year. Transfer of technologies to develop “smart” agriculture, including via the digitalization of the agricultural sector,  the introduction of “smart” and “green” technologies. Agreements have already been reached on the creation of modern greenhouses and garden complexes in Uzbekistan’s regions based on renewable energy sources. Infrastructure modernization and a program for urban development, based on the high interest of Korean banks and companies in the modernization of transport infrastructure,  and the design and construction of residential and commercial real estate in Uzbekistan on the principles of public-private partnership. With regard to developing potential projects in  green energy and increase energy efficiency, strategic dialogue is to be resumed between energy ministers and a meeting organized in Uzbekistan in the near future.

Kazakhstan Promotes Investment Opportunities in South Korea

On June 4, Seoul hosted a seminar organized by Caspian Group Korea and several Korean organizations, on the development of bilateral economic cooperation and investment opportunities offered by Kazakhstan. Endorsed by Kazakhstan’s Foreign Ministry as a significant platform for promoting investment opportunities to the Korean business community, the seminar was attended by deputies of the National Assembly of the Republic of Korea, Kim Song Won and Kim Seung Soo, and Korean companies including Samsung, Hyundai, KPMG Korea, KT, and CJ. In his address, Deputy of the National Assembly Kim Song Won referred to the important relationship between Kazakhstan and Korea, and emphasized the need to create synergy by combining advanced Korean technologies and rich Kazakh natural resources. Ambassador of Kazakhstan to the Republic of Korea, Nurgali Arystanov, likewise welcomed strengthening cooperation between the two countries and particularly, the input of Korea’s experience in Kazakhstan's industrial development, smart city technologies, healthcare systems, as well as agriculture and smart farms. Focus then turned to the new Alatau City project, an ambitious centre in Kazakhstan which designed to attract for Korean advanced technologies, will play a significant role in strengthening bilateral investment cooperation and the development of sustainable urban infrastructure.    

Netherlands to Help Develop Kazakhstan’s Water Sector

On May 29, the Ministry of Water Resources and Irrigation of Kazakhstan and the Ministry of Foreign Affairs of the Netherlands signed a Memorandum of Understanding on cooperation in the construction and use of water facilities, flood forecasting and flood control planning. The agreement will draw on an exchange of experience in the regulation and use of flood waters, as well as a study of Dutch river flow management. A further memorandum was signed with the IHE Delft Institute for Water Education to provide training of specialists and interaction with science and innovative technologies in the water industry. Minister of Water Resources and Irrigation of Kazakhstan Nurzhan Nurzhigitov welcomed the two countries’ formal agreement to further cooperation and expressed confidence that it would help implement large-scale projects, and through the exchange of experience and technology, unlock the potential of the domestic water sector.