Kazakh President meets with representatives of major businesses in Singapore

On the sidelines of the Kazakhstan-Singapore business forum, President Kassym-Jomart Tokayev held meetings with representatives of Singapore’s business community. The Head of State invited Temasek, one of Singapore’s largest investment companies, to participate in joint projects. The company CEO Dilhan Pillay appreciated the prospects for cooperation with Kazakhstan in the fields of transport and logistics. The parties also discussed the creation of a joint investment fund and collaboration in the spheres of digitalization, e-commerce, and renewable energy. President Tokayev also met with Amit Lohia, the Vice Chairman of Indorama Corporation, the largest producer of petrochemical products, who expressed the company’s interest in establishing a full production cycle of phosphate fertilizers in the Zhambyl region. Last year, Asia’s leading chemicals company registered a subsidiary in the jurisdiction of the Astana International Financial Centre (AIFC) to develop Kazakhstan’s chemical industry by exploring new deposits.

“The company’s management informed the President that they are willing to consider a proposal to build a plant for the production of phosphate fertilizers. We will thoroughly explore this matter. I believe the project has good potential,” commented AIFC Governor Renat Bekturov.

The SOVICO Group expressed interest in managing several airports and investing in logistics warehouses in Kazakhstan. On the sidelines of the business forum, key aspects of implementing the Alatau City flagship project in the Almaty region were also discussed. The concept of the master plan for the development of G4 City was developed jointly by local authorities, Caspian Group, and Surbana Jurong company.

“A new city called ‘Alatau’ has been presented, and we discussed the progress made. A concept was developed, and the city was mapped out. Also, the master plan was approved last week. This has sparked additional interest from foreign investors,” said Marat Sultangaziyev, governor of the Almaty region.

Web-editor: Aizhan