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Two new Kazakh-British business agreements were signed off during UK Foreign Secretary David Cameron’s visit to Kazakhstan on 24 April. The first, between AstraZeneca, a British-Swedish multinational pharmaceutical and biotechnology company, Kazakhstan’s Ministry of Healthcare, Almaty City Administration and Kazakh Invest, aims to implement an investment project for contract manufacturing of biotechnological products in Kazakhstan. According to Kazakh Invest, the agreement represents a significant step towards Kazakhstan’s goal to increase its share of domestically- produced medicines in the local market to 50%. The second deal, signed by the Ministry of Transport of Kazakhstan and British company Car Park Transformer, makes provision for the construction of roadside service facilities on Kazakhstan’s national and international highways. Comprising 250 service stations equipped with restrooms, retail spaces, as well as electric vehicle charging points, the project aims to provide essential services and enhance the comfort of motorists.
British company Concrete Canvas Ltd. has established an office in Kazakhstan with the intention of building a plant to produce geosynthetic cement composite mats that eliminate water loss during filtration. The decision, which comes in the wake the company’s abandonment of plans to localize production in Russia due to the geopolitical situation, was embraced by Kazakhstan’s national investment promotion company Kazakh Invest. During a meeting on April 4 in Astana, chairman Yerzhan Yelekeyev assured UK representatives of the Kazakh company’s comprehensive support in realizing the project. According to Concrete Canvas Ltd. the employment of their innovative technology will solve Kazakhstan’s recurring problems regarding the construction and renovation of irrigation systems. Once implemented, the project will significantly improve operational reliability, eliminate water loss in the country's agro-industrial sector, and cut expenditure on the renovation of canals, protective dams, and other civil infrastructure facilities.
Kazakhstan and Great Britain will sign a Strategic Partnership and Cooperation Agreement (SPCA) in the near future, it was announced after a February 8th meeting between Kazakhstan’s deputy minister of foreign affairs, Roman Vassilenko, and the British ambassador to Kazakhstan Kathy Leach. Mr. Vassilenko commented that the SPCA will contribute to the further growth of Kazakh-UK strategic cooperation, and pave the way for new trade and investment links. The deputy minister and the British ambassador pointed out the positive evolution of political dialogue between the countries, growth in trade and economic relations, as well as cultural ties. They also spoke of their progress working together in the fields of science and education, including in attracting British universities to take an interest in Kazakhstan. The United Kingdom is one of Kazakhstan’s most important trade partners and investors, with bilateral trade turnover in 2023 amounting to $1.2bn.
