The Kazakh and German companies have 19 major investment projects under way in areas such as construction, engineering, industrial production.
Both countries established a strong legal base, dialogue platforms and institutions, including the Intergovernmental Working Group on Trade and Economic Cooperation, the Kazakhstan-Germany Business Council, the Delegation of German economy for Central Asia, the Berlin Eurasian Club, and so on.
In the period between 2005 and 2018, around 4.6 billion US dollars were invested in Kazakhstan by the German companies.
The cooperation with German companies Siemens, Heidelberg Cement, Knauf, Linde, Wilo, Bayer AG let Kazakhstan export its products to the neighboring countries.
Taking as example Germany’s “Metro Cash&Carry”, the world’s largest chain of small wholesale stores, that got access to the market of Kazakhstan, with six Metro shopping centers operating throughout Kazakhstan and providing 1500 jobs.
HeidelbergCement, a world leader in building material production, has been working in Kazakhstan since 2005. The company produces cement, concrete and inert materials, providing over 2000 employees with jobs.
In Kazakhstan three cement plants run in Eastern Kazakhstan and Mangystau regions, Shymkent as well as concrete plants in Almaty, Nur-Sultan and Aktau.
The two countries seek to further develop the cooperation by working out around 20 projects involving German capital in economic sectors as manufacturing, construction, transport, communications and agriculture.
Kazakhstan and Germany express a strong interest in enhancing the trade and economic and investment cooperation, with 4 investment projects involving German capital in excess of US$183 in commerce, industries and renewable energy sources implemented in Kazakhstan in 2018, creating around 400 new workplaces.
The two countries saw the marked growth in the trade turnover in 2018, with Germany being among the priority countries of long-run export interest to Kazakhstan.
In 2019 the countries have set the plans to carry out a joint project with the German factory for meat processing and food production Tönnies (annual turnover equals 6.3 billion euros).
Construction projects of facilities in renewable energy sources jointly with Sun Farming and Prisma Solar are under way.
The countries begin a new stage in the economic cooperation, demonstrating readiness for a gradual and wide implementation of the economic projects.