Business Cooperation Between Germany and Kazakhstan was Discussed in Stuttgart
The potential and prospects for developing business cooperation in priority areas were discussed in Stuttgart at the "New opportunities for economic cooperation" forum, held as part of Kazakhstan's Economic Day in the federal state of Baden-Württemberg.
The event brought together over 50 representatives from Baden-Württemberg, leading companies, business associations in the region, and the expert community. The organizers were the Embassy of the Republic of Kazakhstan in Germany, the city of Stuttgart, and the German Eastern Committee for Economic Affairs.
In their welcome speeches to the participants of the meeting, the Ambassador of Kazakhstan to Germany, Nurlan Onzhanov, and the Executive Director of the German Eastern Committee for Economic Affairs, Michael Harms, expressed readiness to expand economic relations between the parties.
During his presentation on the prospects of the country's industrial sector, the Vice Minister of Industry and Infrastructure Development of the Republic of Kazakhstan, Ilyas Ospanov, discussed issues related to the modernization and development of Kazakhstan's production potential.
On the German side, Michael Kleiner, the Ministerial Director of the Ministry of Economy, Labour and Tourism of Baden-Württemberg, emphasized the importance of cooperation with Kazakhstan and presented current plans and trends for the development of one of Germany's leading federal states in economic terms, where such large companies as Mercedes Benz, Bosch, and others are located.
In his report, Zhandos Temirgali said that the portfolio of Kazakh-German investment projects includes 54 projects with a total amount of about $27 billion in priority sectors of the economy, such as agribusiness, engineering, renewable energy, logistics, and others.
"Due to the changing geopolitical situation in the region, more and more companies are opening production facilities in Kazakhstan. German companies are in a leading position here, which testifies to their trust in the country. A transparent and stable economy, modern infrastructure, and qualified labor resources make Kazakhstan one of the most attractive countries for investment in the Eurasian space," noted Zhandos Temirgali.
The forum also featured speeches by Saken Abilmazhinov, CEO of Samruk-Kazyna Invest, Yerzhan Elekeev, Managing Director of NUH "Baiterek", and Hovsep Voskanyan, Head of the German Economic Delegation in Central Asia.
As part of the Economic Day of Kazakhstan, bilateral meetings were also held between the Kazakh delegation and the management of Heidelberg Materials, DACHSER, EMAG, Goldbeck Solar, and other German companies interested in deepening cooperation with Kazakhstan. In particular, during meetings with representatives of Goldbeck Solar GmbH, further cooperation in the implementation of projects in the field of renewable energy was discussed. The company has already successfully implemented projects for the construction and operation of solar power plants in Kazakhstan, such as the "Saran" project worth $137 million and the "Akadyr" project worth about $80 million in the Karaganda region.
