Economy • 09 October, 2019

Roman Sklyar takes part in the Kazakh-French investment forum

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It is reported by primeminister.kz. 

The event was attended by over 150 representatives of the French business community. Participants of the forum discussed investment opportunities of Kazakhstan, prospects of implementation of joint projects and assessed the investment climate of our country.

As the Deputy Prime Minister noted in his speech, today the Kazakh-French relations can be described as a "strategic partnership", which serves as an example of effective and complementary cooperation, based on strong traditions of friendship and mutual support. Thus, today an extensive contractual and legal framework has been created, a special place in which is occupied by the strategic partnership Agreement signed in 2008.

French business has a reliable partner in the Central Asia region as Kazakhstan. It could become a conductor of economic interests of European countries in the region. There is already a traditionally successful practice of mutually beneficial cooperation in such areas as engineering, subsoil use, oil refining, energy efficiency, development of transport and logistics infrastructure, pharmaceuticals and much more.

The forum participants noted that among French companies there is a high interest for investment in Kazakhstan, which is a strategic corridor linking the countries of the Eurasian continent. 

During the investment forum, a long-term contract was signed between AirLiquideKarabatanTechGases and Kazakhstan Petrochemical Industries (KPI) for the supply of technical gases. The contract provides for the construction of a plant for the production of dry compressed air and nitrogen in the FEZ national industrial petrochemical Technopark and their delivery to the Integrated gas chemical complex. 

Also within the framework of the forum, about 10 bilateral meetings were held with companies covering projects in the field of energy, animal husbandry, mineral extraction, oil and gas industry to projects in the field of digitalization and automation of production, including: IDEMIA, AIRBUS GROUP, CNCR Group, ORANO MINING, BureauVeritas, IFP Energies Nouvelles and others.

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Today, France is one of the five key trade and investment partners of Kazakhstan. During these years, the mutual trade turnover reached $50 billion. Along with this, a number of major joint investment projects were implemented in the uranium, oil and gas, titanium industry, transport engineering, construction materials, food products, etc., which allowed to attract more than $15.6 billion of French investments over the past 14 years. In total, there are more than 130 companies with French capital in Kazakhstan.

Despite these solid results, there is considerable potential to expand and deepen bilateral economic partnership, especially in the three priority sectors identified by the Presidents of Kazakhstan and France: alternative energy, agriculture and digitalization.

Summing up the speech, Roman Sklyar stressed that Kazakhstan today is a new opportunity and a huge potential for profitable business.

"Our country is consistently implementing reforms aimed at improving the investment climate, ensuring an open dialogue with entrepreneurs and improving the infrastructure to attract investment. In addition, Kazakhstan offers the best conditions for doing business and is interested in French partners willing to trade and invest in the creation of export-oriented, competitive industries with high added value," R.Sklyar said.

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