The Prime Minister of Kazakhstan

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Holding Expo-2017 became a unique opportunity to attract investors – B. Kaneshev

11 October 2017, 12:15

Holding the international exhibition Expo-2017 in Astana allowed Kazakh Invest to attract large foreign investors to Kazakhstan. This was told by Deputy Chairman of the Board of NC "Kazakh Invest" Birzhan Kaneshev during a press conference in the Government of Kazakhstan.

Birzhan Kaneshev said that holding the international exhibition Expo-2017 in Astana was a unique opportunity for Kazakh Invest to attract investors. To implement it, a pavilion was installed, at the site of which meetings were held between the representatives of the Ministry for Investments and Development of the Republic of Kazakhstan and the Akimat of Astana with existing and potential foreign investors. Along with this, meetings of potential investors with representatives of AIFC, Astana Innovations, Nazarbayev University and Kazakhstan national companies were coordinated at the Kazakh Invest pavilion.

During the exhibition, Kazakh Invest employees conducted about 140 different events, met 30 business delegations from the United States, the United Arab Emirates, China, Switzerland, Austria, Poland, Czech Republic, Germany, Italy, Spain, France, Malaysia, Turkey, Thailand, Japan, South Korea, Russia, etc. They also visited about a hundred foreign pavilions, with the aim of establishing contacts with potential foreign investors.

In total, within the framework of the above measures, more than 20 agreements on cooperation have been signed. For example, within the Kazakh-German business council, a framework agreement has been signed between Kazakh Invest and Linde Group.

Linde Group is one of the world's leading manufacturers of gas and medical products. Earlier Linde Group invested in the construction of the largest in the CIS air separation plant in Temirtau. During the Expo, the company expressed its intention to invest $150 million in Kazakhstan for the construction of a second air separation plant for the production of technical gases and for the construction of a hydrogen production plant. Kazakh Invest will support Linde Group's initiatives to implement investment projects and will provide all necessary assistance.

As a result of the visit of the business delegation from Italy, a memorandum of mutual understanding was signed between Kazakh Invest and Bionet SrL, in the framework of which the latter expresses the intention to build a plant for processing solid waste in Kazakhstan.

A memorandum of understanding between Kazakh Invest and Polpharma was signed within the framework of the Kazakh-Polish business forum. The latter, in accordance with the memorandum, plans to invest in research and analytical laboratories that will develop new technologies for the production of pharmaceuticals in the Republic of Kazakhstan.

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Polpharma is the largest Polish producer of pharmaceuticals and active pharmaceutical substances. The company was founded in 1935 and is currently the leader in the markets of Central and Eastern Europe, the Caucasus and Central Asia.

Also within the framework of Expo-2017 a memorandum of understanding was signed between Kazakh Invest and Engave Kazakhstan. According to the memorandum, Kazakh Invest will support the initiatives of Engave Kazakhstan on the implementation of the investment project "Multimedia system for informing passengers of public transport in Astana".

Holding Expo-2017 became a unique opportunity to attract investors – B. Kaneshev