Kazakhstan welcomes foreign investors and is ready to provide them with favorable conditions for the successful implementation of projects, as announced by Kazakh President Kassym-Jomart Tokayev at a meeting with German businesspeople. The meeting agenda included various issues, including prospects for cooperation in the field of healthcare and pharmaceuticals. Mining and processing of rare earth metals was identified as one of the key areas of partnership development with the company’s representatives.
President Tokayev addresses Berlin Global
Dialogue forum
Afterward, the Kazakh President took part in a
round table meeting between the business circles of Kazakhstan and Germany and
delivered a speech at the first-ever Berlin Global Dialogue summit. At
the international forum, President Tokayev presented his vision of Kazakhstan’s
role in global economic processes. He called on the participants to pay
attention to the prospects that economic partnership with Kazakhstan can
provide, particularly, the Trans-Caspian International Transport Route. The
Head of State emphasized that the Middle Corridor opens up new opportunities
for trade and investment in the region. A significant part of President
Tokayev’s speech was devoted to the role of Kazakhstan in stabilizing
international economic relations.
“Kazakhstan has the second-largest proven oil reserves
in Eurasia and is a major supplier of energy to global markets. Given
that the European Union receives 70 percent of our oil exports, we are ready to
expand our export capacities and contribute to mitigating the global energy
crisis,” stated Kazakh President.
President Tokayev informed the forum
participants about new horizons for the growth of the national economy.
“Last year, Kazakhstan’s exports increased by nearly
40 percent. While the energy sector still accounts for a significant share
of the country’s GDP, we are intensifying efforts to diversify our economy.
With the growth in sectors such as the automotive industry, pharmaceuticals,
metal processing and machinery, Kazakhstan continues to attract significant
foreign investment by creating an extremely favorable business environment,” noted
the Head of State.
It bears noting that today Germany is one of
Kazakhstan’s largest trading partners and leading investors in the country’s
economy. Kazakhstan accounts for about 83 percent of total trade between
Germany and Central Asian states. In 2022, the trade turnover between the two
countries reached $2.8 billion.
