International investment - The Times Of Central Asia

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Turkish Company to Manufacture Irrigation Equipment in Kyrgyzstan

This summer, a Turkish company will begin construction on a plant for the manufacture of equipment for drip and sprinkler irrigation in Kyrgyzstan. The memorandum on the project was signed on May 13 by Kyrgyzstan’s Minister of Water Resources, Agriculture and Processing Industry Bakyt Torobaev and the head of the company Akplas Plastik San. Ve Tic. A.S. To instigate the first stage of the build, the Turkish company will invest $10 million and the factory should be completed and fully operational within eight months. Reiterating the need for a more efficient use of water, in the light of climate change, Minister Torobaev stated that the new irrigation systems are to be installed in regions throughout Kyrgyzstan. In addition to providing the necessary equipment, the Turkish company in liaison with the state, will provide training for local farmers. Company representatives also met with the Chairman of the Cabinet of Ministers of the Kyrgyz Republic Akylbek Japarov, who emphasized the country’s readiness to support entrepreneurs investing in Kyrgyzstan.

International investment Digital Technologies International Cooperation

Kazakhstan to Develop Additive Technologies Industry

On 13 May, Satbayev University (Kazakhstan), EOS GmbH (Germany), and NORM Additive (Turkey) signed a framework agreement on the creation of a consortium for the establishment of a Center for Additive Technologies at Kazakhstan’s Institute of Physics and Technology. Reporting from the meeting in Almaty, Kazakh Invest outlined proposals for a pilot project comprising a scientific and innovative competence center for working with materials such as polyamide and metal powders to produce various components on 3D printers. At the first stage, the group plans to create an innovation center for technology transfer and the creation of competencies. During the next stage, a research and innovation center (R&D) will be established to manufacture and test the first batch of products. The third stage involves the commercial production of specific components to meet the demands of automotive, aerospace, engineering, oil and gas industry, and medicine companies. Developments thereafter, include facilities to study materials such as polymers and their components, for use in the production of industrial-scale 3D printers. Looking to the future, the project has the potential to create a niche industry which will increase Kazakhstan’s ability to compete in the global market with high-value-added products.

International investment USAID

USAID to Host 13th Central Asia Trade Forum in Kazakhstan

The U.S. Embassy in Kazakhstan has announced that preparations are well underway for the 13th Central Asia Trade Forum. Under the theme, ‘Trade Connections: Bridging Globally,’ the event will be hosted by U.S. Agency for International Development (USAID) in Almaty from 13 – 14 May. Since its inception, the Central Asia Trade Forum (CATF) has attracted the participation of over 10,000 government and business leaders from 25 countries in Central and South Asia, Europe, and the United States, and led to contracts worth over $32 million. This year’s event will focus on exploring new trade opportunities and overseas markets, as well as identifying and expanding the scope of regional trade. To this end, the forum will feature sessions on customs digitalization, transport and logistics, trade regulation (including regional trade agreements), World Trade Organization standards, and harmonization. Promoting the event, Luis A. Rivera, Regional Mission Director at USAID Central Asia, stated, “The forum’s success is its ability to attract policymakers, business leaders, and trade experts each year. Agreements made at the forum have expanded businesses, strengthened trade between Central Asian nations, and advanced economic growth in the region and beyond,” The accompanying trade fair, organized in partnership with Kazakhstan’s Ministry of Trade and Integration and Almaty Chamber of Commerce and Investment, with the participation of 40 companies from Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan, will showcase agricultural, textile, apparel, and food products. Other complementary events include a business-to-business expo to promote Central Asian products amongst global buyers, and a Kazakhstan-Pakistan Trade Fair. In the wake of the forum, business executives and officials from the five CA countries, will convene at the 11th Regional Meeting of the National Trade Facilitation Committees of Central Asian countries on 15 May, to discuss customs control, transport, phytosanitary certification, and veterinary border control.

Water Management International investment Kambarata Environment Uzbekistan Kyrgyzstan

Tashkent Investment Forum Focus on Kyrgyzstan’s Kambarata HPP-1

The construction of the Kambarata hydroelectric power plant (HPP)-1 on Kyrgyzstan’s Naryn River was at the forefront at the Third Tashkent International Investment Forum attended by Uzbekistan’s Prime Minister Abdulla Aripov and representatives of international organizations and financial institutions. At the panel session on energy, on 2 May, Chairman of the Cabinet of Ministers of the Kyrgyz Republic Akylbek Japarov, outlined the master plan behind Kambarata HPP-1, investment indicators, and its potential benefits to water resources management and Central Asia’s electricity market. Japarov explained that generated by hydropower, almost all electricity in Kyrgyzstan is green, but stated, “We have so far used only about 13% of our existing potential. Taking into account global challenges and trends in the development of green energy, the Cabinet of Ministers of the Kyrgyz Republic has actively begun to implement infrastructure energy projects. The large-scale construction of Kambarata HPP-1, strategically important for the entire region, will up the pace of development in this field.” Kyrgyzstan, Kazakhstan, and Uzbekistan recently signed a Roadmap for joint construction of Kambarata HPP-1. If completed, Kambarata HPP-1 will have a capacity of 1860 MW and will generate 5.6 billion kWh of electricity per year. A forum for further discussions on foreign investment in the project is scheduled for early June in Vienna . Turning to plans for hydroelectric power plants elsewhere in the country, Kyrgyzstan’s Prime Minister, stated, “Work is underway to implement projects for the construction of a cascade of hydroelectric power plants on the Chatkal River, as well as a cascade of Kazarman hydroelectric power plants on the Naryn River. Our country needs foreign investment to develop energy, which is the main sector of the economy. We invite foreign companies to consider the possibility of participating in the construction of small and medium-sized hydroelectric power stations and renewable energy sources in Kyrgyzstan.”

International investment Minerals Kazakhstan

Kazakhstan To Auction Rights For 100 Mineral Deposits

At a meeting with President Kassym-Jomart Tokayev on April 8th, Kazakhstan’s Minister of Industry and Construction Kanat Sharlapayev reported on plans regarding geological prospecting and the use of subsoil. According to the minister, Kazakhstan is poised to auction rights for subsoil use at 100 solid minerals deposits. Sharlapayev also highlighted a 2.5-fold growth in private investment in geological exploration of solid minerals. With the introduction of the digital platform “E-Qazyna.kz,” auctions are now conducted electronically, resulting in a significant increase in transparency and accessibility. In a statement, the minister stressed, “Participation in the auctions by major global companies, including Rio Tinto and Fortescue, indicates increasing competition for the opportunity to explore potentially resource-rich, but as yet undeveloped fields in Kazakhstan.” Major international companies including Arras Minerals, Rio Tinto, IG Kazakhstan, Fortescue, East Star Resources, Pallas Resources, Sarytogan Graphite, and Esan Eczacibasi have now invested at least 41 billion tenge on the excavation of areas amounting to 25 thousand square kilometres.

Kazakhstan Kazakh Invest International investment

Kazakhstan Secures Foreign Investment in 40 Major Projects for 2024

Following a meeting on March 12th with the Board of Directors of Kazakh Invest, Kazakhstan’s Prime Minister Olzhas Bektenov announced that foreign investment had been secured for the launch of over 40 projects this year. Kazakh Invest, a national company aimed to attract foreign investment in priority sectors of the economy, currently supports 200 projects. Worth $27.3 billion, the projects have created 68,800 jobs. One of the most significant projects is the manufacture of medical equipment by the American company GE Healthcare in Astana. Products include ultrasound and CT machines for Kazakhstan’s hospitals as well as for export. The American company also plans to provide educational programs for staff in the Kazakh healthcare system. Other forthcoming projects include the production of anticancer drugs by the Swiss company Roche in Almaty, and the manufacture of ceramic tiles, dry building mixes and construction adhesives by the Austrian company Lasselsberger in Astana. The latter’s new plant will create over 200 jobs and reduce the country’s dependence on imported products. As instructed by the prime minister, Kazakh Invest is focused on attracting investment in projects with high added value; specifically, grain processing, the production of in-demand types of plastics, and the domestic production of oil and gas equipment. Looking ahead, Bektenov stressed that to achieve the target set by the head of state to increase the economy to $450 billion by 2029, at least $150 billion of foreign investment must be attracted during the intervening period.