• KGS/USD = 0.01143 0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10101 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10101 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10101 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10101 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10101 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10101 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10101 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00192 -0%
  • TJS/USD = 0.10101 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%

Viewing results 1 - 6 of 16

China Strengthens Partnerships Across Central Asia at Landmark Summit

Chinese President Xi Jinping’s visit to Astana on June 16, ahead of the Second China-Central Asia Summit, marked a significant milestone in fostering deeper partnerships between China and Central Asia. With all of the region’s nations in attendance, the summit saw agreements signed across sectors such as energy, infrastructure, agriculture, and technology, solidifying China’s growing influence in the strategically vital region. According to Kazinform, China and the Central Asian nations are poised to finalize over 35 memorandums collectively valued at more than $17 billion during the second China-Central Asia Business Council meeting in Astana on June 17. A Lavish Welcome and Key Agreements [caption id="attachment_33021" align="aligncenter" width="2560"] Image: Akorda[/caption] Xi Jinping arrived in Astana amid unprecedented pomp and ceremony, including an honor guard, traditional dances, children in national costumes, and an escort of Kazakh Air Force fighter jets. This grand welcome highlighted the importance of the China-Kazakhstan partnership. During talks with Kazakh President Tokayev, the two leaders oversaw agreements spanning areas such as energy, space, agriculture, intellectual property, tourism, healthcare, science, and the digital economy. Tokayev spoke about Kazakhstan’s plans to build several nuclear power plants, including one with the involvement of China National Nuclear Corporation (CNNC). Characterizing CNNC as a “reliable strategic partner,” he also emphasized Kazakhstan’s role as a supplier of natural uranium and nuclear fuel to China. “CNNC is known worldwide for its high competence, so it will certainly occupy a worthy niche in our market,” Tokayev stated. Infrastructure development under China's Belt and Road Initiative (BRI) also took center stage. Plans to modernize logistics corridors, simplify customs procedures, and build new border facilities were discussed, reinforcing Kazakhstan’s role as a critical transit hub. The bilateral meeting was preceded by joint events, where business leaders from both nations signed dozens of agreements, including a $1 billion loan from the China Development Bank to the Development Bank of Kazakhstan. Another significant agreement saw Kazakhstan partnering with CNNC, Xiamen Wanli Stone, and the Satpayev Institute of Geological Sciences to explore cross-border ore belts and uranium extraction. Kazakhstan’s Role as a Regional Leader Kazakhstan has become central to China’s regional strategy, a focus reinforced during Xi Jinping’s visit, where Tokayev described China as a “close friend and reliable partner.” Kazakh Deputy Prime Minister and Minister of the National Economy, Serik Zhumangarin, meanwhile, highlighted the increasing significance of cooperation in agriculture and logistics within the region. “Central Asia is a key region for the development of dryland farming in the world. Currently, the countries of the region are actively promoting and diversifying the export of organic agricultural products to the Chinese market. Camel milk from Kazakhstan, cherries from Uzbekistan, dried fruits from Tajikistan, honey from the Kyrgyz Republic, and cotton from Turkmenistan are increasingly entering the Chinese market and are highly appreciated by consumers,” he stated. Zhumangarin also stressed the critical role of transport infrastructure in facilitating connectivity. At present, over 80% of land transportation between China and Europe passes through Kazakhstan. “We are interested in further deepening cooperation within China’s...

Kazakhstan and the UAE Elevate Strategic and Economic Partnership

Kazakhstan and the United Arab Emirates (UAE) are taking their long-standing partnership to new heights. President Kassym-Jomart Tokayev hosted Abu Dhabi Crown Prince Sheikh Khalid bin Mohammed bin Zayed Al Nahyan at the Akorda presidential residence, underscoring the deepening ties between the two nations. A Key Middle Eastern Partner Sheikh Khalid’s official visit was marked by a ceremonial welcome and substantive high-level talks. President Tokayev emphasized the growing breadth of the Kazakh-Emirati relationship, which now extends well beyond economics into sectors such as energy, transport, digital technologies, and education. “The UAE is among Kazakhstan’s top ten foreign investors,” Tokayev noted, citing a more than twofold increase in Emirati direct investment in 2024, a record high. During the Crown Prince’s visit, over 20 commercial agreements were signed, totaling approximately $5 billion. These projects are expected to further catalyze bilateral cooperation and open new avenues for mutual investment. Strategic Agreements Following the talks, an official document exchange ceremony was held. Key agreements included: Transport Cooperation - A memorandum between the Kazakh Ministry of Transport and the UAE Ministry of Energy and Infrastructure; Judicial Cooperation - A memorandum between the respective Ministries of Justice; Energy Infrastructure - An agreement between Samruk-Kazyna JSC and Masdar for continuous power supply (up to 500 MW) and energy storage (up to 2,000 MW); Digital Transformation - Agreements between Samruk-Kazyna JSC and AIQ, and QazaqGaz and AIQ, focusing on oil and gas sector digitalization; Financial Collaboration - A memorandum between Samruk-Kazyna JSC and Abu Dhabi Commercial Bank; High-Performance Computing - An agreement to establish a supercomputer cluster with Pre-sight; Maritime Expansion - A protocol between KazMunayGas and Abu Dhabi Ports Group on developing Kazakhstan’s merchant fleet; Healthcare Investment - A memorandum on financing and constructing a maternity hospital in Turkestan; Aviation Infrastructure - An agreement on investing in the Nursultan Nazarbayev International Airport and its surroundings; Green Energy - Announcement of the ratified agreement for a major wind power project. Expanding Cooperation Horizons President Tokayev and Sheikh Khalid also participated in the Kazakhstan-UAE Business Forum, where Tokayev reiterated the significance of expanding trade, economic, and investment ties. He highlighted the UAE’s role as Kazakhstan’s top partner in the Gulf, with cumulative Emirati investment exceeding $4.3 billion. Tokayev underscored his administration’s economic reforms aimed at fostering a more attractive investment climate, including the establishment of the Investment Promotion Council to support foreign businesses. He identified energy, logistics, finance, high technology, and agriculture as priority areas for future cooperation. Institutional and Cultural Engagement During the visit, the leaders toured the Astana International Financial Centre (AIFC), where they were briefed on the operations of the Financial Services Regulatory Committee, the stock exchange, and the International Arbitration Center. Currently, 46 UAE companies are registered residents at the AIFC. The delegation also visited the Sheikh Khalifa bin Zayed Al Nahyan Lyceum No. 84, where they observed students’ progress in Arabic language studies. Later, they attended the Ethnoaul exhibition, showcasing Kazakh cultural heritage. The visit highlighted the shared commitment of Kazakhstan and the UAE...

EU-Central Asia Summit Opens New Opportunities for Kazakhstan

The first-ever summit between the European Union and the five Central Asian countries opened on April 3 in Samarkand, Uzbekistan. The meeting marks a milestone in regional diplomacy, as both sides seek to deepen cooperation amid growing geopolitical shifts. Kazakhstan, in particular, is entering the summit with growing international clout, thanks to its stable economic performance and balanced foreign policy approach. European Council President António Costa and European Commission President Ursula von der Leyen are representing the EU at the summit, which is being chaired by Uzbek President Shavkat Mirziyoyev. According to official sources, the summit aims to demonstrate mutual geopolitical interest and expand collaboration between Europe and Central Asia across key areas. The agenda includes strengthening multilateral ties, addressing shared security threats, enhancing economic and investment cooperation, and advancing collaboration under the EU’s Global Gateway initiative. Focus areas also include energy, climate neutrality, connectivity, and green transition, along with mobility and cultural exchange. The EU is already the region’s second-largest trading partner, accounting for 22.6% of Central Asia’s total foreign trade in 2023. It is also the largest source of foreign investment, responsible for over 40% of the region’s total inflows. Kazakhstan's President Kassym-Jomart Tokayev is attending the summit, following a bilateral meeting with President Mirziyoyev in Almaty on March 29. Also expected to participate are Kyrgyz President Sadyr Japarov, Tajik President Emomali Rahmon, and Turkmen President Serdar Berdimuhamedov. At the summit, the EU is set to unveil a substantial investment package for Central Asia, with priority sectors including transportation infrastructure, critical raw materials, energy transmission, and digitalization. European Commission President von der Leyen emphasized that Central Asia’s significant natural resources and industrial potential align with Europe’s sustainability goals. “Europe aims to create a complete value chain, not merely purchase raw materials. This is vital for generating local employment and upholding high environmental and social standards,” she said. Additional EU funding will be directed toward green energy projects and improvements to Uzbekistan’s water infrastructure. According to Tair Nigmanov, an international relations expert, the EU’s increased engagement stems from heightened geopolitical rivalry. “We are situated between major powers like Russia and China. The EU, as another global player, wants Central Asia to remain neutral and not gravitate toward any single power center,” Nigmanov told Inform.kz. “To that end, it is offering investment, trade opportunities, and political assurances.” For Kazakhstan, the summit presents a strategic platform to attract investment, reinforce its non-aligned stance, and leverage its growing geopolitical relevance in an increasingly multipolar world.

Strategic Partnership Dialogue: U.S. Allocates $500,000 for Registan Square Preservation

On November 13, the latest meeting of the U.S.-Uzbekistan Strategic Partnership Dialogue took place in Washington, D.C. Key participants included U.S. Assistant Secretary of State for South and Central Asia, Donald Lu, Uzbekistan's Deputy Foreign Minister, Muzaffar Madrahimov, and the ambassadors of both countries. The delegations discussed the expanding partnership between Uzbekistan and the United States, focusing on economic development, human rights, security, and cultural ties. The United States reaffirmed its steadfast support for Uzbekistan’s independence, sovereignty, and territorial integrity. At the meeting, both sides emphasized the importance of maintaining close consultations and celebrated new areas of collaboration. Notable progress was highlighted in critical minerals production and efforts to modernize Uzbekistan’s natural gas infrastructure. This follows the signing of a Critical Minerals Memorandum of Understanding (MOU) in September and Uzbekistan’s entry into the Minerals Security Partnership. The delegations also underscored their commitment to diversifying trade and investment, advancing agricultural reforms in Uzbekistan, empowering women economically, addressing the climate crisis, and supporting the transition to clean energy. The United States commended Uzbekistan for adopting USAID-supported English language textbooks and teachers' manuals for public schools. Efforts to expand sustainable economic opportunities for women in Uzbekistan were similarly praised. Both nations highlighted the strength of their cultural ties, with the U.S. expressing gratitude for Uzbekistan’s leadership in archaeology and cultural preservation. As part of these efforts, the U.S. State Department announced a $500,000 allocation from the U.S. Ambassador's Fund for the Preservation of Cultural Heritage. The funding will support conservation efforts at Registan Square, a UNESCO World Heritage site in Samarkand.

Tokayev and Macron Forge New Path for French Investments in Kazakhstan

The Paris summit between Kazakhstan’s President Kassym-Jomart Tokayev and France’s President Emmanuel Macron was a significant event in their countries' evolving bilateral relations. The high-level discussions were centered on deepening cooperation across trade, economic investment, cultural, and humanitarian issues. The talks have reaffirmed and broadened existing frameworks, foretokening robust and diversified collaboration. The historical foundation of Kazakh-French relations, particularly in the economic sphere, has long been strong. French multinational corporations, such as TotalEnergies, have played significant roles in Kazakhstan’s major energy projects, including the Kashagan oil field. At the recently concluded summit, President Tokayev held meetings with prominent French business figures, seeking to enhance investment flows and economic partnerships across the renewable energy, infrastructure, and technology sectors. France recognizes Kazakhstan’s strategic significance in Central Asia and seeks to deepen the partnership, which also complements Europe’s generally expanding engagement with the region. The summit builds on a series of annual encounters that sustain the momentum in Kazakhstan–France relations. In November 2023, a year after President Tokayev’s trip to France in November 2022, President Macron made an official visit to Kazakhstan. This visit highlighted the shared interests between the two countries and underscored the importance of their growing cooperation. The meeting not only strengthened political dialogue but also laid the groundwork for further economic, cultural, and technological collaboration, reflecting a commitment to long-term partnership. The regularity of summits between Kazakhstan and France, besides indicating the pragmatic nature of their relationship, speaks to the personal rapport between Tokayev and Macron. The sustained, high-level engagement indicates a mutual appreciation for reliable and constructive diplomacy. The Paris summit continues the momentum and deepens the strategic significance of relations between Kazakhstan and France relations, as the new agreements demonstrate their common intention to leverage shared interests in pursuit of more comprehensive cooperation. At the 2022 meetings, 25 economic agreements were signed amounting to a value of $3 billion, according to Kazakhstan’s Ministry of Foreign Affairs. If we include the agreements signed at the 2023 meetings, then the newest agreements bring the overall total to $6.4 billion. Bilateral trade reached $4 billion from January to August this year, representing a 44.7 percent increase compared to the same period in 2023. Kazakhstan’s exports to France for the same period rose by 45.2 percent to $2.7 billion for the first eight months of 2024. These exports were heavily concentrated in crude oil and uranium. Just ahead of Tokayev's visit to Paris, the city hosted the 13th meeting of the Kazakhstan–France Business Council. Twenty-four documents were signed there, worth $2 billion, which spanned the agro-industrial, information-technology, light industry, medicine and mining sectors, not to mention a continuing interest in the energy sector. Kazakhstan’s proactive engagement, including its receptivity to French participation in the NPP consortium is in the line of the country's balanced and pragmatic approach to international partnerships. For France, this partnership deepens its footprint in Central Asia while also promoting the policy goals of broader energy diversification and geopolitical influence.  Kazakhstan represents 90 percent of France’s trade with...

Kazakhstan’s Tokayev in France: It’s All About Nuclear Energy

For France – a country that gets around 70% of its electricity from nuclear energy – Kazakhstan’s decision to build its first nuclear power plant presents an ideal opportunity to strengthen economic ties with the Central Asian state. For Astana, potential cooperation with French nuclear corporations could help reduce dependence on Russia and its State Nuclear Energy Corporation, Rosatom. But will things really go that smoothly? In November 2023, following the meeting between Kazakh President Kassym-Jomart Tokayev and his French counterpart Emmanuel Macron, in Astana, it became clear that, for Paris, establishing a strong nuclear partnership with the largest Central Asian nation was the top priority with regard to Kazakhstan. The following year, Tokayev flew to Paris for another round of talks with Macron. Reports suggest that nuclear cooperation was once again one of the key topics the two leaders discussed. On November 4, a day prior to the Macron-Tokayev summit, French and Kazakh officials signed 24 documents on cooperation worth $2 billion. Unsurprisingly, energy was a central focus. Kazakhstan agreed to establish closer ties with two French nuclear giants: Orano and Électricité de France (EDF). According to Gabidulla Osspankulov, Chairman of the Investment Committee of the Kazakh Foreign Ministry, Orano’s great experience in uranium extraction makes it a key partner for Astana. That is why the former Soviet republic aims to use the company’s technologies and experience in uranium production in Kazakhstan. Ospankulov also expects both Orano and EDF to be part of a consortium that will build the nuclear power plant in the Central Asian country. Paris, on the other hand, is likely seeks to not only be involved in the construction of the nuclear facility, but also to get Kazakhstan’s spent nuclear fuel for reprocessing. In exchange, Astana – possibly the world’s largest uranium producer – can increase its uranium exports to France. From the French perspective, such an arrangement would be very beneficial, especially after Niger's military government revoked Orano’s permit to operate at its Imouraren uranium mine – one of the biggest in the world. The problem, however, lies in geography and logistics. On the eve of the Macron-Tokayev summit, the French train manufacturer Alotom and the Kazakhstan Temir Zholy Electric Locomotive Assembly Plant signed a deal on the supply of 117 French-made freight electric locomotives, weighing up to 9,000 tons, to the former Soviet republic. Will they be used for the transport of Kazakh uranium to France? Russia and China, as the Central Asian nation’s giant neighbors, could easily, under any pretext, block the transport of Kazakh nuclear materials through their territories to Europe. Rail remains the dominant mode of transport for Kazakhstan’s uranium exports, but its reliance on Russian and Chinese routes poses a strategic challenge for Astana. To avoid using the two nations’ railways, Astana would have to boost uranium and potentially also spent nuclear fuel exports via the Caspian Sea Route, primarily through the Middle Corridor. It is, therefore, no surprise that modernization of this network remains Kazakhstan’s primary objective. But...