Government • 23 October, 2018

Kazakh Invest discusses prospects for further investment cooperation with European business

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The Head of State made an official visit to the Kingdom of Belgium 17-18 October 2018. In Brussels, a meeting with heads of 25 leading European companies and transnational corporations took place, including Royal Dutch Shell, Alstom, Claas Group, Borealis, Linde Group and others. For a detailed discussion of the current projects and prospects for further cooperation with potential investors, Kazakh Invest held a number of meetings with European businessmen, reports the press service of Prime Minister.

To date, the participants of the meeting implemented seven investment projects totaling more than $16 billion. Among the implemented cases are projects in the oil industry of Shell, production of electric locomotives and transformers of Alstom, Polpharma pharmaceutical plant in Shymkent. Another six projects aimed at the production of high-quality building materials, construction of a solar power plant, potato processing and others are under implementation. The total cost of these investment projects is more than $300 million. In the future, the launch of 12 more productions with the participation of European investors is considered.

During the conversation with the Chairman of the Board of Kazakh Invest Saparbek Tuyakbaev, representatives of Carmeuse Group Transnational Corporation told about the implementation of a major investment project for the construction of a plant for the production of lime of 1st grade at the Saryopan field in Karaganda region. Currently, the technical and economic feasibility studies for the construction of the plant are being developed, the production technology is determined, the land plot and the subsoil use right are provided.

The chairman discussed the prospects of further cooperation with the management of Van Hool, Belgian machine-building company. The company is interested in opening a joint venture for the production of buses in Kazakhstan. Representatives of Van Hool announced their readiness to transfer new technologies, create jobs and train local staff, open service centers, both existing in the country and new buses.

Discussing the prospects of joint work, Clemens Tonnies, the head of Toppies Holding, the largest German food company, spoke about the plans for the implementation of a joint Kazakh-German investment project for the construction of a meat processing plant. The company will include a pig farm and poultry farm, feedlot, feed production. Today, the German side is selecting a potential Kazakh partner and region for the project.

After the dialogues, a series of separate meetings of the Kazakh delegation with the heads of major European companies took place with the support of Kazakh Invest, during which the implemented projects and new initiatives were discussed in more detail. Specific agreements were reached between the Ministry of Energy of Kazakhstan, the European Bank for Reconstruction and Development, enshrined in the Memorandum on the construction of a solar power plant with a capacity of up to 28 MW in the South Kazakhstan region. The total cost of the project will be $35 million. Financing of the project is planned to be provided in tenge.

Memorandum on cooperation between Astana Social Entrepreneurship Corporation JSC and the World Trade Centers Association was signed with the support of Kazakh Invest NC. The main purpose of the Memorandum is the construction of the World Trade Center in Astana.

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