Agreements worth over $ 2.2 billion were signed within the Kazakhstan Global Investment Roundtable-2021
The fourth annual roundtable on global investments “Kazakhstan Global Investment Roundtable” (KGIR-2021) dedicated to the 30th anniversary of the Independence of the Republic of Kazakhstan was held under the chairmanship of the Deputy Prime Minister-Minister of Foreign Affairs of the Republic of Kazakhstan Mukhtar Tileuberdi in the city of Nur-Sultan
KGIR-2021 which is one of the key events for Kazakh business and the foreign investor community, was organized in a hybrid format with the possibility of remote connection this year.
The roundtable gathered more than 400 on-site, as well as more than 1000 online participants, including members of the Government and state organizations, representatives of local business, heads of multinational companies and international organizations, major investors and world experts from more than 50 countries of the world (USA , UK, Germany, France, Italy, Turkey, India, Singapore, Korea, UAE). Among them are the top management of such world companies as “Goldbeck Solar”, “INOKS Capital”, “Chevron”, “ENI”, “Valmont Industries”, “Yildirim Group” and other.
The participants conducted investment agreements and signed 31 commercial relationships worth more than $ 2.2 billion, as well as 6 non-commercial documents in such sectors of the economy as the agro-industrial complex, healthcare, mining and metallurgy, mechanical engineering, pharmaceuticals, energy, etc.
In particular, a document was signed between the Akimat of the Turkestan region and the Polish company "Polcotton" on the construction of greenhouse complexes with an area of 10 hectares, focused on the export orientation of agricultural products.
An investment contract for the construction of a complex on the production of broiler meat was signed by the domestic enterprise “Prima Kus” with the Investment Committee of the Ministry of Foreign Affairs of the Republic of Kazakhstan.
A memorandum on the production of nonwovens, gloves and syringes in Almaty was signed by the “Dolce” group of companies with the Swiss company “m3 Groupe”.
Also in the field of healthcare, Kazakh Innovative University LLP and the Chinese company “China Machinery Engineering Corporation” signed the Contract for the construction of a 1000-bed University clinic and a clinical diagnostic center (polyclinic) in Shymkent. Also, the Agreement on the construction of a multidisciplinary hospital in Almaty was signed between “NC “KAZAKH INVEST” JSC and the Turkish company Orhun Medical LLP.
A trilateral Memorandum on the construction of a milk processing plant in the Almaty region was signed by "KAZAKH INVEST", “Agroholding Dinara Group”, and the Qatari company “Baladna”. It is noted that the creation of natural dairy products of a domestic brand will be competitive in foreign markets such as China, Malaysia, Vietnam, the CIS countries.
In the field of mining and metallurgy, an agreement was signed on the construction of the second line of a sodium cyanide plant in the Zhambyl region (PRC) between “Talas Investment Company” LLP and the Chinese company “China Tianchen Engineering Corporation” LTD. Also, a document on the construction of a mining and processing plant and a plant for the production of ferrochrome in the East Kazakhstan region was signed by the Akimat of the East Kazakhstan region with the Turkish company “Yıldırım Group".
A memorandum of mutual cooperation in the field of mechanical engineering was signed by “Maker LLP” and “OKEREL DIŞ TİCARET AŞ”, “PRES SAN Makina Imalat Sanayi Ticaret Limited Sirketi”. The project provides for the production of conveyor rollers in the Karaganda region.
Also, agreements were reached on the construction of two metallurgical plants with investors from Turkey and India.
According to the Deputy Prime Minister-Minister of Foreign Affairs of the Republic of Kazakhstan Mukhtar Tileuberdi, investments are a key factor in the development of Kazakhstan, he noted that about $ 380 billion has been invested in the Kazakhstani economy over the years of the country's independence.
In his speech, he emphasized that the Government is constantly working to improve our internal investment climate in accordance with the best international standards. In particular, he drew particular attention to the fact that in 2017 Kazakhstan became an associate member of the OECD Investment Committee and joined the declaration on international investment.
Mukhtar Tileuberdi also discussed about the work of the Coordination Council chaired by the Prime Minister, as well as about the Strategic Investment Agreement which is the new instrument for attracting investors.
In addition, the head of the Ministry of Foreign Affairs of the Republic of Kazakhstan spoke about the possibilities of such sectors of the economy of Kazakhstan as renewable energy, agro-industrial complex, ICT. He also noted about the development of the national pharmaceutical industry in Kazakhstan.
«As our President stated, by 2025 we aim to increase domestic production of medicines by 50%. Kazakhstan is one of the few countries in the world developing its national vaccine, QazVac, and we look forward to establishing joint ventures with international pharmaceutical companies. I believe that the Kazakhstan Global Investment Roundtable will give impetus to further strengthen partnerships with world leaders of the business community», - noted during the Plenary meeting of KGIR-2021 Mukhtar Tileuberdi.
Thus, the main issues of developing the investment climate and realizing the potential of priority sectors of the economy were discussed within the framework of the round table. In addition to the issues of the investment potential of Kazakhstan, foreign investors working in Kazakhstan spoke about their own experience of doing business in the country, and also shared their expert opinion on the markets and economy of our country. The speakers were President of “Technonikol” Sergey Kolesnikov, President of “YDA Group” Huseyin Arslan, General Director of “Goldbeck Solar” Joachim Goldbeck, Founder and Member of the Board of “Polcotton” Alois Schonberger, Chairman of the Board of “Orhun Medical” Gonench Dyryk.
Within the framework of the round table, a solemn ceremony of rewarding investors in the nominations "long-term partnership", "investment activity", "innovative production" and "sustainable development" took place. In addition, companies were awarded special nominations for their contribution to the development of the potential of the agro-industrial complex, the pharmaceutical industry, contribution to infrastructure development, as well as the development of human capital.
Among the nominees were such large enterprises as “Total”, Kazakhstan Foreign Investors’ Council Association, “Chevron”, “Citibank Kazakhstan”, “Anadolu Group”, “Philip Morris International”, “Hevel”, “INOKS Capital”, “Georgian Industrial Group”, “Goldbeck Solar”, “Air Liquide”, “Danone”, “Polpharma”, “Lactalis” and others. All the listed companies today successfully implement and conduct their business, as well as investment projects in the Republic of Kazakhstan.
In addition, a number of B2B meetings with foreign partners were held on the sidelines of the event to discuss issues on the implementation of potential projects in the territory of the Republic of Kazakhstan.
The organizers of KGIR-2021 were the Ministry of Foreign Affairs of the Republic of Kazakhstan, “NC“ KAZAKH INVEST ” JSC. The main media partner was Euronews.
For reference: KGIR is an annual investment event in the Republic of Kazakhstan. The event is held with the participation of the Prime Minister of the Republic of Kazakhstan, the first heads of TNCs, large investors, international organizations, experts, government organizations, the business community and the media.
