Kazakh President meets with U.S. business leaders

Kazakh President meets with U.S. business leaders

In New York, President Kassym-Jomart Tokayev continued a series of meetings with representatives of the U.S. business community. He discussed the implementation of an investment project in the Almaty region with Stephen Kehoe, Chairman of the Board of Directors of the PepsiCo Foundation. It is worth noting that the company is building a snack production plant there with an investment of $368 million.


The Head of State also met with Amazon Senior Vice President David Zapolsky to discuss prospects for cooperation in AI, digitalization, and communications. He supported the joint plans of Amazon and Kazakh companies to provide nationwide broadband Internet access and strengthen cybersecurity. As part of the visit to New York, JSC Kazakhtelecom and Amazon Kuiper signed a distribution agreement to provide access to the Kuiper satellite network. The company plans to deploy infrastructure in Almaty, Akkol, and Aktau, investing around $200 million.


At a meeting with Frank Bruno, CEO of Cerberus Capital Management, the potential of the Trans-Caspian International Transport Route was discussed. The company expressed interest in investing in its development.


The series of meetings between the Kazakh President and U.S. business leaders continued with a discussion with Michael Wirth, Chairman of the Board and Chief Executive Officer of Chevron Corporation. The parties focused on the implementation of the Future Growth Project at Tengiz, the prospects for gas production and processing at Karachaganak, as well as the development of hydrocarbon supply routes to global markets, including via the Middle Corridor. 

«We talked about the expansion of production at Tengiz. We talked about opportunities for us to work on investment into the energy economy of Kazakhstan and the reliable supply of energy to global markets which is so important to Europe and to the world,» noted Michael Wirth, Chairman and CEO of Chevron Corporation.

 

 President Tokayev discussed the prospects for further work at the Tengiz and Kashagan fields with Darren Woods, Chairman of the Board and Chief Executive Officer of ExxonMobil, one of Kazakhstan’s key partners in the oil and gas industry.


The Head of State discussed potential applications of innovative technologies with Yann LeCun, Vice President of Meta.


In addition, digitalization and potential joint projects on building data centers in Kazakhstan were among the topics discussed by the Head of State and Stephen Schwarzman, Chairman and Co-Founder of Blackstone.


The main topic of the meeting with Francisco Gomes Neto, President and CEO of Embraer, was cooperation in the field of cargo transportation. The parties also discussed the prospects of opening a service center in Kazakhstan for the maintenance of Embraer aircraft.


President Tokayev discussed the financing of large-scale projects in Kazakhstan with Jane Fraser, Chief Executive Officer of Citigroup. Jane Fraser noted that she regards partnership with Kazakhstan as one of the most important areas.