Economic ties between Kazakhstan and Singapore to continue strengthening

Today Deputy Prime Minister - Minister of Finance of the Republic of Kazakhstan Yerulan Zhamaubayev held a meeting with the General Director of the Singapore company "Surbana Jurong Group" Mr. Sean Chao. 

During the meeting they discussed topical issues of cooperation in such spheres as electric power, renewable energy sources, transportation infrastructure, water supply. 

Yerulan Zhamaubayev noted that in 2022 trade turnover between the two countries increased by 65.1% compared to 2021 and reached $1.9 billion. There is a steady growth of investment of Singaporean capital in the economy of Kazakhstan. For the first quarter of 2023 attracted $ 92.2 million. Less than 20 years from Singapore attracted $ 1.2 billion.

The Head of the Ministry of Finance also emphasized that today in Kazakhstan there are more than 200 operating enterprises with the participation of Singaporean capital. 

"We will continue to take all possible measures to promote the inflow of foreign investment to remain an investment leader in Central Asia," Yerulan Zhamaubayev said. 

In addition, the Deputy Prime Minister outlined the importance of Singapore as a major partner in Southeast Asia. 

For his part, Sean Chao emphasized that the regions of Kazakhstan and Singapore are linked by many years of close cooperation in various areas. At the same time, there is a significant potential for its expansion

#Energy #International Cooperation #RES #Transport #Yerulan Zhamaubayev

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