KAZAKH INVEST and Microbus Co., Ltd. Sign Memorandum of Understanding to Develop Investment Projects in Kazakhstan
In Astana, Deputy Chairman of the Board of JSC "NC KAZAKH INVEST" Madiyar Sultanbek met with O Yong Su, Director of South Korean company Microbus Co., Ltd. Following the meeting, a memorandum of understanding was signed to strengthen partnership in the fields of infrastructure, energy, and industrial production.
Microbus Co., Ltd., which operates as a management structure for a range of South Korean industrial, construction, and technology companies, views Kazakhstan as a strategic destination for the establishment of production facilities and the implementation of high-tech, knowledge-intensive projects with export potential. The discussions placed special emphasis on the development of an industrial complex for the production of electrical products in the city of Zhezkazgan, as well as projects in the energy, telecommunications, logistics, ICT, and data center sectors.
The parties expressed mutual interest in creating a high-tech industrial cluster aimed at both the domestic market and exports to the EAEU, EU, and Asian countries. Highlighting Kazakhstan’s potential as a platform for such initiatives, representatives of Microbus Co., Ltd. shared plans to develop a project for manufacturing electrical goods — including cable products and infrastructure components — using Kazakhstan’s raw materials such as copper, aluminum, and other non-ferrous metals.
During the meeting, Madiyar Sultanbek emphasized the importance of strategic projects involving international technology partners for Kazakhstan’s industrial development.
“The projects we are discussing with Microbus align with our strategic priorities — the creation of new industrial zones, development of local processing, and formation of export-oriented manufacturing. Kazakhstan offers a stable platform with access to key markets, a strong resource base, and investment incentives. We are ready to support these projects from concept to launch.”
Microbus Co., Ltd.’s plans also incorporate elements of sustainable energy and digital transformation, including potential data center construction and the development of smart city solutions. The signing of the memorandum marks the first step in formalizing future cooperation.
JSC "NC KAZAKH INVEST" will provide comprehensive support to the company in identifying industrial sites, facilitating engagement with government bodies, and attracting additional partners for project implementation.
For reference:
Microbus Co., Ltd. is a South Korean management company coordinating international projects in the fields of infrastructure, energy, and high-tech manufacturing. Microbus implements projects in areas such as railway construction, development of industrial zones, telecommunications, logistics, renewable energy, smart cities, and data centers. Among its affiliated partners are Hyundai Rotem (high-speed and urban rail transport), PULOON Technology (automation and mechatronics), Daewoo E&C, Hyundai E&C, and DL E&C (construction, energy, and industrial infrastructure).
