October 23. Information Center - The Kazakh and UK capital hosted the virtual Kazakhstan Global Investment Forum 2020 which
was meant to facilitate Kazakh-British investments, The Astana Times reports referring
to the Kazakh Foreign Ministry’s press service.
More than 500 heads of state bodies and companies in the
processing industry, agriculture, chemical, mining, and financial sectors, as
well as metallurgy, alternative energy, logistics and digital technology
sectors, attended the forum virtually. The Kazakh delegation was led by the
country’s Foreign Minister Mukhtar Tileuberdi.
participants focused on economic development after the coronavirus outbreak,
business, investments and further privatization of state assets.
also featured sessions that explored financial services, digital mining,
digitization and technologies.
Prime Minister’s Trade Envoy to Kazakhstan Baroness Emma Nicholson noted
significant opportunities in renewable energy, mining, agriculture and
“We have a
common interest to strive to do better than what we have done before. There are
many opportunities to achieve this goal for investors in Kazakhstan and the
United Kingdom has multiple ways to assist Kazakhstan in attracting them
(investors),” said Emma Nicholson.
As part of
the forum, Kazakh Deputy Foreign Minister Almas Aidarov met with the heads of
the largest British companies in energy, infrastructure development,
construction, engineering and mining.
meeting with the Independent Power Corporation, the sides discussed the
company’s participation in the Caspian Digital Hub investment
International Group also expressed interest in the infrastructure projects in
the Mangistau Region in western Kazakhstan. It plans to build a desalination
plant with a daily capacity to produce50,000
cubic metersof drinking water.
development of the Bala-Sauskandyk large vanadium deposit field in the
Kyzylorda Region in southern Kazakhstan was the focus of the meeting with
The UK is
one of the five largest trade and investment partners of Kazakhstan. The volume
of British investments in the Kazakh economy has amounted to US$14.1 billion
since 2005. More than 500 companies with British capital work in Kazakhstan,
including Royal Dutch Shell, Ernst&Young, BG, Shell, and BAE Systems.
Sartbayev, the CEO of the Kazakh Invest national company tasked to attract
foreign investments into the country and support investors, noted the new
opportunities that Kazakhstan can offer.
these challenging times, the provision of all the required support to investors
is our utmost priority. We strongly believe that our natural advantages as well
as the public institutions and investment climate formed in Kazakhstan over the
past decades will ensure a stable long-term result and mitigate the effects of
the crisis. In Kazakhstan, you will find comprehensive support for the
successful implementation of business initiatives and investment opportunities.
And Kazakh Invest has the honor to become a reliable partner on your road to
success,” said Sartbayev, as quoted by Kazakh Invest press service.