Economy • 07 September, 2018

Saparbek Tuyakbaev meets with the Commercial Counselor of the Austrian Embassy Rudolf Tuller

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The head of Kazakh Invest, Saparbek Tuyakbaev, met with the Commercial Counselor of the Austrian Embassy in the Republic of Kazakhstan Rudolf Tuller. The parties discussed the prospects for investment cooperation.

Austria is one of the leading trading partners of Kazakhstan. In turn, Kazakhstan is the second trading partner for Austria among the CIS countries.

"Detailed information was received on the investment environment in Kazakhstan and investment opportunities for Austria at the meeting at Kazakh Invest,. We have focused on cooperation in non-oil sectors – agro-industrial complex, IT, finance, etc. One large investment project is currently being implemented In Kazakhstan with the participation of the Austrian company Borealis. Negotiations are underway, and we hope that the project will be implemented in the near future,"- Rudolf Tuller noted after the meeting.

The Austrian company Borealis, along with Arab and Kazakh partners, participates in the polyethylene production project in Atyrau region. The total cost of the project is $ 6.5 billion. It is planned that in the period of construction 3 thousand workplaces will be created, and in the period of operation - more than 500. The project will allow producing 1.2 million tons of polyethylene per year.

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