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  • Asian countries’ interest in investment coop with Kazakhstan rises
27 June, 2019 12:47

Asian countries’ interest in investment coop with Kazakhstan rises

Asian countries’ interest in investment coop with Kazakhstan rises | Strategy2050.kz

Kazakhstan has close trade and economic relations with Japan and China as both retain to be Kazakhstan’s key partners in the eastern subregion of Asia. Two east Asian countries keep on investing in the Kazakh economy thus boosting manufacturing, creating jobs. For more, read the article below.

Over 70 enterprises with Japan’s capital operate in Kazakhstan

The 26 June 2019 meeting in Nur-Sultan between the Kazakh Foreign Ministry and the big Japanese corporations, which have a stake in joint-venture projects, prompted Japan’s companies to examine business environments and economic capacities of the regions of Kazakhstan.

Commendations were received as the Japanese businesspeople spoke of the potential of the trade and investment cooperation between the two States and looked forward to productive interaction with the Ministry of Foreign Affairs in supporting foreign investors.

The Japanese investors, planning to install a rebar plant in Atyrau region, toured the construction site and observed the industrial petrochemical technopark.

With the trade turnover standing at 2 billion US dollars in 2018, including exports of 1.5 billion US dollars and imports of 497 million, Japan is one of the key strategic partners of Kazakhstan in East Asia. Between 2005 and 2018, the influx of Japanese investments to the Kazakh economy totaled 5.8 billion US dollars, while the gross investment inflow from Japan stood at 403 million US dollars in 2018 alone.

Kazakhstan runs over 70 enterprises involving Japanese capital today, with Japanese investors carrying out projects in the chemical industry, machinery, infrastructure, agro-industrial and mining and smelting complex, high-tech manufacturing and job-creating.

China is Kazakhstan’s fourth largest investor

The meeting took place with Chinese corporation Aiju that has been supplying the Chinese market with cooking oil and flour made in Kazakhstan. 

The industrial-investment cooperation is a new driver designed to maintain the sustainability of Kazakh-Chinese partnership.

The investors were introduced to the efforts towards investment climate enhancement and entrepreneurship legislation liberalization. Note was taken of Kazakhstan’s direct investment fund, which implements large, breakthrough projects in the non-primary sector and operates on the principle of co-investment with foreign investors.

China remains one of the large foreign trade partners of Kazakhstan with the share of 15,7% (11.7 billion US dollars, including Kazakhstan’s exports of 6.3bn and imports from China equaling 5.4 bn) in the country’s overall trade turnover in 2018.

The National Bank’s date show China is put 4th in terms of investments in Kazakhstan and China’s attracted capital totaled 15.6 billion US dollars by 2018. China is largely investing in transport and warehousing, mining and quarrying, manufacturing, construction and financing and insurance.

For more reading:

Japan brings in quality to Kazakhstan

Some Japanese companies may appear in Kazakhstan

Kazakhstan is attracting most investors in CA

chronicle 2050

SMEs will make up at least 50% of the GDP

abour productivity will reach up to $126 000 and 3 to 6 y.o. kids will have 100% access to pre-school education in Kazakhstan.

Kazakhstan will fully satisfy its own market of POL in compliance with the new environmental standards

The share of non-primary exports in total exports will double and triple by 2040

Transition to Latin graphics will commence

95% of the population will speak Kazakh

15% of the area under cultivation will make use of water-saving technologies.

The issue of providing water for irrigation will be resolve

GDP per capita will stand at $60 000

The urban population will represent 70% of the total population in Kazakhstan