American Companies Invest Nearly $54 Billion in Kazakhstan Over 30 Years

Фото:The Astana Times

Almaty. June 17. Information Center - The two-day event, which brought together more than 500 participants and was co-hosted by the Kazakh Ministry of Foreign Affairs and the U.S. Chamber of Commerce, explored ways to expand cooperation in agriculture, energy, green and digital technologies, The Astana Times reports.

The forum’s official opening ceremony was attended by Deputy Prime Minister – Foreign Minister of Kazakhstan Mukhtar Tileuberdi, U.S. Acting Undersecretary of State, Ambassador Marcia Bernicat, President and CEO of the US Chamber of Commerce Suzanne Clark, and the Chairman of the Board and President of Chevron Michael Wirth.

In his welcoming remarks, Minister Tileuberdi noted the Enhanced Strategic Partnership between Kazakhstan and the United States and the significant volume of American investments attracted to Kazakhstan over the past 30 years. He also expressed confidence that the forum will give an additional impetus to deepening trade and economic interaction.

More than 600 American companies operate in Kazakhstan. 

“In recent years, there has been a gradual increase in the interest of American businesses in the manufacturing sectors, including the agribusiness, as well as in the engineering, transport, and logistics industries. In 2019, the volume of direct investment from the United States reached a record level of $5.5 billion, which is a quarter of the total investment inflow to the country. We are ready for further active work with our American partners to restore the indicators and growth in the post-pandemic period,” said Kazakh Invest Chair Meirzhan Yusupov in his remarks. 

One of the examples of successful cooperation between the two countries is the energy partnership within the Tengizchevroil project, said Michael Wirth.

Renewable energy and agriculture also offer significant opportunities for the cooperation given the vast natural resources of Kazakhstan. 

In a session focusing on energy and mining, Director of Kazakhstan’s Association for Renewable Energy Ruslan Zhemkov reaffirmed the country’s potential in the renewable energy sector. 

“The renewable energy resource potential is very big in the country. According to preliminary estimates from the governmental strategy, achieving a 50 percent share of renewable energy in the total energy balance of the country by 2050 is expected to increase the market by more than 10 GW,” wrote Zhemkov in a social media post noting that the preferences for investors are huge.

In the agricultural sector, among the latest examples are the partnerships with Tyson Foods in meat production and Valmont Industries in water irrigation development in Kazakhstan. 

“The company is set to explore lots of opportunities that will help Kazakhstan play its role in ensuring world food security. With our technologies, Kazakhstan can increase crop yields and ensure rational use of water and other natural resources,” said Valmont Industries CEO Stephen Kaniewski.

Ambassador Bernicat in her speech emphasized the key regional role of Kazakhstan in Central Asia and noted the importance of reforms initiated by the President of Kazakhstan Kassym-Jomart Tokayev aimed at improving the business environment, new prospects for cooperation within the framework of the climate agenda of the Biden-Harris Administration as well as investment opportunities for Valmont Industries and Tyson Foods projects.

The forum also saw the signing of a memorandum of understanding between the Atameken National Chamber of Entrepreneurs and the U.S. Chamber of Commerce, which the sides believe will facilitate a mutual exchange of information, bilateral visits, and joint activities to discuss issues of commercial activities between organizations.


Источник: The Astana Times

ru В столицу доставили более ста тысяч доз «Спутник V» для

en Kazakh Actor Yerkebulan Daiyrov Wins Best Asian Actor at Cannes

ru Процедуру примирения сторон при бытовом насилии пересмотрят в Казахстане

ru Жительница Акмолинской области продала свою дочь за 1 млн тенге

kz Токио 2020: Зульфия Чиншанло қолаға ие болды

ru Морской круиз могут запустить между Актау и Астраханью по Каспию

ru В Tesla нашли отдел по борьбе с негативными комментариями про

ru Казахстан попал в топ-10 стран мира по числу заражений коронавирусом

en Drought-hit Kazakhstan's wheat supplies bolstered by high stocks, Russian imports

ru Китай нанес удар по собственному нефтяному рынку

kz Қасым-Жомарт Тоқаев Ресейдің Астрахан облысының губернаторын қабылдады

ru Менее 1% составил прирост вкладов казахстанцев в банках за май

ru Почему три района Алматы остались без света

ru Данные миллионов пользователей Clubhouse утекли в Сеть

ru Погода в Казахстане 26 июля

ru В юго-западных регионах страны ожидается повышение температуры до 46 градусов

ru Китай предоставил свыше 600 млн доз вакцин против COVID-19 зарубежным

ru Владельцам временно ввезенных в Казахстан авто нужно вывезти их до

ru О бессрочном периоде обмена банкнот напомнил Нацбанк

en IT Company Kazdream Develops First Digital Voice Assistant in Kazakh

ru Ученые создали первую в мире вакцину от коронавируса в капсулах

kz Алматы шөлге айналып барады

ru Врач рассказала о быстром старении после COVID-19

en Kazakhstan’s trade with Central Asia reaches $4.6 billion in 2020,

ru В МОН озвучили рекомендации по подготовке к новому учебному году

ru В России зарегистрировали выявляющую штаммы коронавируса за два часа систему

kz Алексей Калайчиди жаңа қызметке тағайындалды

ru Ограничительные меры усилят в Алматы из-за 4-кратного роста заражения КВИ

ru Власти Китая планируют наложить на такси Didi крупный штраф

ru Погода в Казахстане 23 июля