Memorandum - The Times Of Central Asia

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South Korea Backs Forest Restoration in Kazakhstan’s Fire-Ravaged Abay Region

Kazakhstan and South Korea have launched a joint initiative to restore forests in the Abay region of eastern Kazakhstan, which was severely affected by large-scale wildfires. On April 22, Kazakhstan’s Ministry of Ecology and Natural Resources signed a memorandum of understanding with the Asian Forest Cooperation Organization (AFoCO) and South Korea’s KT&G Corporation to implement the project. Scheduled to run through December 31, 2027, with potential for extension, the initiative is part of KT&G’s Green Globe program and focuses on three key components: Reforestation: Pine saplings will be planted in burned areas, with participation from local communities and KT&G staff in Kazakhstan. Technology Transfer: Korean information and communication technology (ICT) tools will be introduced for monitoring and preventing wildfires. Training sessions and seminars for forest service professionals are planned in Almaty. Prevention and Awareness: Public education campaigns will promote fire prevention practices and aim to reduce human-caused fire risks. The project builds on an earlier agreement signed in June 2024 between Kazakhstan’s Ministry of Ecology and the Korea Forest Service. That memorandum covered broader cooperation areas, including forest legislation reform, biodiversity protection, and ecosystem restoration. As part of this growing partnership, Kazakh forest specialists have undergone training in South Korea, learning advanced techniques in reforestation and fire prevention. Officials expect the new project to boost Kazakhstan’s efforts in sustainable forest restoration, enhance environmental resilience, and reduce climate-related and human-induced ecological threats.

European Investment Bank (EIB) EU-Central Asia Summit Funding Memorandum

European Investment Bank Commits €365 Million to Environmental Projects in Central Asia

At the first EU-Central Asia Summit, held in Samarkand, Uzbekistan, on April 4, European Investment Bank (EIB) Vice-President Kyriacos Kakouris signed four memorandums of understanding with partners in Kyrgyzstan, Tajikistan, and Uzbekistan. The agreements will direct €365 million in funding and are expected to unlock up to €1 billion in investment for sustainable transport, water management, and climate resilience initiatives across the region. The EIB is the long-term lending institution of the European Union. These agreements support the EU’s Global Gateway strategy, which aims to boost private sector development, improve transport and logistics infrastructure, and strengthen water management and environmental sustainability throughout Central Asia. In Kyrgyzstan, the EIB will provide €50 million through the Kyrgyzstan State Development Bank to support infrastructure investments via the National Promotional Bank. Tajikistan will receive €100 million to develop sustainable transport infrastructure along the Trans-Caspian Transport Corridor. In Uzbekistan, €175 million will be allocated to the Uzbekistan Water Implementation Center for water management and environmental sustainability projects, particularly under the Aral Sea Project, in collaboration with the French Development Agency (AFD). Additionally, Uzbekistan’s JSCB Microcredit bank will receive €40 million to bolster private sector development and to enable local financing for projects that contribute to sustainable transport and logistics connectivity. During the summit, Kakouris also signed a Host Country Agreement with Uzbekistan, establishing an EIB Regional Representation in the country to enhance the Bank’s presence in Central Asia. The EIB further announced the launch of negotiations for a framework agreement with Turkmenistan, signaling plans to begin operations there. “These agreements underscore the European Union and Central Asia’s shared commitment to deepening mutually beneficial cooperation,” said Kakouris. “As the EU’s bank, the EIB will continue playing a pivotal role in strengthening economic ties, promoting sustainability and private sector development, and enhancing infrastructure across the region. The memorandums of understanding pave the way for future financing in the transport and water sectors. Moreover, the Host Country Agreement with Uzbekistan and the launch of negotiations with Turkmenistan mark important milestones for the EU’s growing engagement in Central Asia.”

SANTO PolPharma Group Pharmaceutical Business Agreement Memorandum Pharmaceuticals Investments

Polpharma Group to Boost Pharmaceutical Production and Exports in Kazakhstan

Kazakhstan’s national investment promotion agency, Kazakh Invest, has signed a Memorandum of Cooperation with Polpharma Group, a leading pharmaceutical manufacturer in Central and Eastern Europe, the Caucasus, and Central Asia. The agreement marks the launch of a €55 million investment project in Kazakhstan by SANTO, a member of the Polpharma Group. The memorandum was signed by Azamat Kozhanov, Deputy Chairman of Kazakh Invest’s Management Board, and Markus Sieger, CEO of Polpharma Group. Over the next decade, the project is expected to create approximately 300 jobs and significantly increase domestic pharmaceutical production, particularly for medications targeting socially significant diseases such as cancer, diabetes, and cardiovascular conditions. The initiative includes the introduction of new manufacturing lines, expanded R&D investment, and the development of training programs in line with international standards. This strategic partnership supports Kazakhstan’s national goal of increasing local pharmaceutical production to 50% of domestic demand. It also aims to position the country as a regional hub for pharmaceutical manufacturing and exports. “We are aware that President Kassym-Jomart Tokayev has set a clear objective to boost local pharmaceutical output to 50%, and we fully support this vision,” said Markus Sieger. “The COVID-19 pandemic revealed the vital importance of resilient, domestic supply chains. Our goal is not only to strengthen production in Kazakhstan but to transform the country into an export hub for large regional markets.” SANTO currently holds six Good Manufacturing Practice (GMP) certificates and has successfully passed inspections by the European Union. The company is now anticipating certification under EU GMP standards, which would provide access to EU markets for both the company and Kazakhstan’s broader pharmaceutical sector. Polpharma Group continues to expand its footprint in Central Asia. In 2024, 12% of the company’s global sales came from the region, a figure that is expected to grow further. The development of a pharmaceutical hub in Kazakhstan will enhance the country’s position in both domestic and international markets. These new investments, along with the expected GMP EU certification, are set to strengthen Kazakhstan’s global pharmaceutical competitiveness, reduce reliance on imports, and improve national pharmaceutical security.

Uranium JUMCO Memorandum Kazatomprom

Kazakhstan to Help Jordan Assess Uranium Reserves

During Kazakh President Kassym-Jomart Tokayev’s official visit to Jordan, a memorandum of understanding was signed between Kazakhstan’s Kazatomprom National Atomic Company JSC and the Jordan Uranium Mining Company (JUMCO). The agreement outlines plans for cooperation in uranium exploration and mining in Jordan. Kazatomprom CEO Meirzhan Yusupov emphasized that the partnership with JUMCO presents new opportunities to strengthen Kazakhstan’s position in the global uranium industry. “This memorandum aligns with our strategic goals of efficiently utilizing our resource base. Additionally, studying foreign projects will provide valuable international experience and contribute to the sustainable development of both countries,” he said. Assessing Uranium Potential in Jordan The primary goal of the agreement is to evaluate the potential for uranium exploration and development in Jordan. This includes assessing reserves and analyzing the feasibility of using heap leaching technologies for extraction. Special attention will be given to environmental safety and economic viability. Based on the study results, both parties will decide on the next steps for project development. JUMCO CEO Mohammad Al-Shannagh stated that partnering with the world’s largest uranium producer could accelerate Jordan’s commercial uranium production. “Cooperation with Kazatomprom will open new horizons for us in uranium mining, allowing us to share knowledge, use advanced technologies, and jointly develop marketing strategies,” he said. Joint projects are expected to give new impetus to Jordan’s nuclear industry, creating jobs, attracting local contractors, and improving infrastructure. Kazakhstan’s Expanding Uranium Industry Kazakhstan’s collaboration with JUMCO provides an opportunity to expand its international reach, strengthen economic ties with Jordan, and enhance its influence in the global uranium sector. Kazatomprom is the world’s largest producer of natural uranium, with priority access to one of the world’s most significant resource bases. Since November 2018, Kazatomprom’s shares have been traded on the Astana International Financial Center Exchange and the London Stock Exchange.