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  • Kazakh delegation explores investment prospects in Switzerland

Kazakh delegation explores investment prospects in Switzerland

13 September, 2021 11:53

During the official visit of Deputy Prime Minister and Minister of Foreign Affairs of Kazakhstan Mukhtar Tileuberdi to Switzerland, the Kazakh delegation had substantive negotiations with the heads of large Swiss companies on promising investment projects in Kazakhstan, reports Strategy2050.kz.

According to the results of 2020, Switzerland ranked third in terms of foreign direct investment in Kazakhstan and 10th in terms of bilateral trade with Kazakhstan.

The visit of the Kazakh delegations comes months before the official visit of Kazakh President Kassym-Jomart Tokayev to Switzerland scheduled for November 2021.

Tileuberdi held talks with the heads of multinational corporations, including Ammann Group, Stadler Rail (mechanical engineering), KS Genetics, INOKS Capital (agribusiness), and Sandoz (pharmaceuticals). 

During the meeting with the management of the Ammann Group, represented by Chair of the Board of Directors Johann Schneider-Ammann and Chief Executive Officer Hans-Christian Schneider, the Kazakh side proposed expanding activities in Kazakhstan by localizing the production of road equipment and components. 

During the negotiations with the management of Sandoz, the company announced that it was considering the possibility of establishing the production of high-quality medical products in Kazakhstan. 

The management of INOKS Capital has expressed interest in creating integrated value chains in agribusiness. This year, the company plans to launch the production of extruded feed on the basis of the Khorgos special economic zone as well as consider a new project for the creation of an intensive garden, the construction of fruit storage facilities, and fruit processing shops in the Almaty region.

As part of the visit, Kazakhstan's KAZAKH INVEST national company signed two memorandums with Filippo Lombardi, President of KS Genetics to create an innovative export-oriented full-cycle livestock complex in the Almaty region, as well as with Peter Spuhler, Chairman of the Board of Directors of Stadler Rail to expand investment cooperation with Swiss business.  

The Kazakh delegation also held negotiations with potential Swiss investors, including Burckhardt Compression, Clariant, Buhler, Polymetrix, Sika, Basel Euro Airport, as well as with key business associations - Economiesuisse that unites around 100,000 enterprises, Swissmem uniting machine-building, electrical and metallurgical industry, Geneva Chamber of Commerce and United Chamber of Commerce Switzerland - Eurasia.    

Clariant, a multinational chemical company that has 85 production sites around the world, presented investment proposals in the regions of Kazakhstan and expressed interest in localization on the territory of Kazakhstan, taking into account the increase in global demand for industrial chemicals. 

Kazakhstan's investment opportunities were also presented during the negotiations with Buhler, one of the largest exporters of equipment for the food, chemical, and automotive industries of Switzerland. The company considers participating in the construction of a PET recycling plant in the Zhambyl region.  

Head of Europe, Middle East, and Africa at Sika Ivo Schaedler commended the investment potential of Kazakhstan, noting the interest in expanding activities in the country. The company has nearly 200 production sites around the world, including three facilities for the production of building materials in Almaty, Nur-Sultan and Atyrau.