Six cooperation memorandums were signed by companies
from Kazakhstan and the Czech Republic during a joint business forum in Astana. The agreements
provide for the establishment of joint ventures in energy, transport,
mechanical engineering, insurance, and other promising sectors. The parties are
placing particular emphasis on deepening industrial cooperation – not only in terms of product supply, but also through
full-scale localization and technology transfer. Trade ties between the two countries are well
established, as reflected in the figures. Last year, bilateral trade exceeded
$700 million, with nearly 98% accounted for by industrial goods. Today, more than
150 enterprises with Czech participation operate in Kazakhstan, while total
Czech investment over the past two decades has surpassed $350 million.
«In line with the instruction of the President of Kazakhstan, Kassym-Jomart
Tokayev, the proactive investment policy is being implemented in our country.
As an important part of it, the investment policy concept until 2030 has been
updated. Under the concept, a special role is assigned to Baiterek holding,
which has been transformed into a national investment holding with the
establishment of an investment board. We are reinforcing the foreign investment
attraction area by expanding the presence of the national company Kazakh Invest in priority markets with strong investment
potential,» Kazakh Prime Minister Olzhas
Bektenov noted.
Kazakhstan’s favorable investment climate continues to attract Czech companies, with projects underway in energy, aviation, and the automotive industry. The latter, in particular, can be described as a flagship area of cooperation. As part of a partnership with Škoda Auto, a full-cycle vehicle production facility has been launched in Kazakhstan with a capacity of up to 5,000 cars per year. The company is also offering projects in passenger transport, including low-floor electric trains and hybrid train, already in operation in the Baltic states and Uzbekistan.
«These are low-floor passenger trains that automatically create a
barrier-free environment, the so-called ‘universal accessibility,’ in cities
with high passenger flow. The second is the metro system, since we are the
world’s second most experienced manufacturer of so-called Soviet-type tunnels.
There are several cities in Kazakhstan with tram systems. Hopefully, it will
appear in the capital in the near future as well. One of the conditions for
entering the market is the localization of products and production here, which is the right approach, and we support it,»
said Roman Sorkin, Vice President
Sales for Central Asia and the South Caucasus, Škoda Group, the Czech Republic.
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