Focusing on geological exploration is an investment in the future, and Kazakhstan plans to intensify its efforts in this field. However, before delving into the exploration of rare and rare-earth metals, which are now considered new oil, it is crucial to develop the scientific approach and methodologies, experts say. Thus, it is important to establish cooperation with the world's leading scientific centers, as it will not only enable the production of high-value-added products in the future, but also find new markets. Additionally, the Horizon Europe Coordination Center is now operational in Kazakhstan. Through this program, the EU annually provides grants for the implementation of research projects.
“In April this year, the Kazakh Ministry of Science and Higher Education designated the Science Fund as the National Coordination Center for the EU's Horizon Europe Framework Programme for research and innovation. This program has a budget of about 100 billion euros and covers the period from 2021 to 2027. As the Science Fund, our objective is to enable Kazakh scientists, domestic organizations and industry to take part in these competitions and not only receive funding but also have the opportunity to develop and implement their technologies,” said Aliya Sembayeva, Science Fund Board First Deputy Chairperson.
In his state-of-the-nation address, Kazakh President Kassym-Jomart Tokayev emphasized the importance of discovering new deposits of rare and rare-earth metals. Thus, the explored area should be significantly increased up to 2.2 million square kilometers within three years with the help of both new technologies and investments.
“Attracting foreign investment is a complex process that requires action in many areas. The statement by the Head of State undoubtedly holds significant importance in this matter. However, this statement should be followed by specific measures that will improve the investment climate in Kazakhstan,” Robert Brudzinski, project manager of the EU Delegation to Kazakhstan, said.
It is noteworthy that the Kazakh Government is already developing measures in accordance with the instructions given by President Tokayev. These measures will ensure priority rights to subsoil use for investors willing to engage in geological exploration at their own expense. In addition, the timelines and procedures for approval of such projects will be reduced by half.
