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  • Nur-Sultan held the first Kazakh-Italian Business Forum
14 November, 2019 10:12

Nur-Sultan held the first Kazakh-Italian Business Forum

During a visit of Manlio Di Stefano, Undersecretary of State for Foreign Affairs and International Cooperation, to Kazakhstan, the first Kazakh-Italian Business Forum was held on 13 November 2019 in Nur-Sultan, which brought together over 200 representatives of Kazakh and Italian businesses, national companies and government bodies, Strategy2050.kz correspondent reports.

Nur-Sultan held the first Kazakh-Italian Business Forum | Strategy2050.kz

The Kazakh-Italian Business Forum touched upon the prospects to work on projects in energy, renewable energy, petrochemistry, manufacturing and agriculture.

The Italian businesspersons operating in Kazakhstan spoke of their activities and invited the Italian business community to look closely at the business opportunities within Kazakhstan.

Manlio Di Stefano believes that Kazakhstan has made huge progress in terms of transition to a market economy since gaining independence, thus ensuring a stable economic development and favorable investment climate.

He went on to say that Kazakhstan and Italy have established successful and effective relations at the high level.

"We have huge opportunities to expand trade, economic and investment cooperation," Mr. Manlio Di Stefano said.

Yerlan Khairov, Ambassador-at-large of the Foreign Ministry of Kazakhstan, underscored that Kazakhstan and Italy have a great potential to boost investment cooperation, while encouraging businesses to actively establish contacts and implement investment projects.

“The two countries have a huge potential to expand and deepen bilateral partnerships in the economic sphere, especially in the three top sectors as alternative energy, agriculture and digitalization. The company KazakhInvest offers the one window principle for current and potential foreign investors, providing the support for investment projects from idea to implementation,” he said.

The Forum also saw B2B working meetings.

Representatives of Pavlodar Social Entrepreneurship Corporation and Naba Carni Companies agreed to carry out a joint project on horse meat processing in Pavlodar region. Another agreement was reached between Pavlodar Social Entrepreneurship Corporation and Rota Guido Company on an investment project in agribusiness.

The Italian embassy to Kazakhstan, KazakhInvest National Company, the National Welfare Fund Samruk Kazyna and the Italian Trade Agency (ITA) acted as the organizers of the Forum.

Italy is Kazakhstan’s largest trading partner among EU countries, as well as among leading investors in the Kazakh economy. Italy’s overall investments in the country total $6.6B. The two countries have traded the products worth $6.7B in 8 months of 2019.

The number of companies involving Italian capital approximates 270.

The Forum is expected to spur the bilateral economic cooperation, as well as establish new opportunities and prospects for partnerships.

Author: Adlet Seilkhanov

Photo credit: KazakhInvest

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