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.