Kazakhstan Showcases Investment Potential at Frankfurt Forum

Frankfurt am Main, Germany's financial capital, hosted the "Kazakhstan Investment Day" forum. The event, organized by KfW (Kreditanstalt für Wiederaufbau) and the Eastern Committee of the German Economy with support from the Embassy of Kazakhstan in Germany, attracted over 200 representatives from German companies, industry associations, financial institutions, and the banking sector.

In his address, Kazakhstan's Minister of Industry and Construction, Yersain Nagaspayev, outlined the country's industrial policy priorities. He highlighted ongoing efforts to diversify the economy, develop manufacturing and infrastructure, and implement measures to attract foreign investment. The minister emphasized Kazakhstan's readiness to create favorable conditions for German investors and consistently develop joint economic and industrial projects.

"We attach particular importance to attracting German capital and advanced technologies, especially in high-tech and innovative development sectors," Nagaspayev stated. "Over the past 20 years, Germany's direct investment in Kazakhstan's economy has exceeded €6.5 billion, with about 90% directed towards manufacturing. Our portfolio includes 43 joint investment initiatives worth $54.3 billion USD; 20 have already been successfully implemented, creating around 3,000 jobs."

The forum featured panel discussions on "Industry, Raw Materials, Logistics" and "Financing Instruments for German, European & Kazakh Investors." Participants discussed practical aspects of implementing joint investment projects, opportunities for industrial and technological cooperation, prospects for expanding bilateral economic ties, and project financing issues.

During his working visit to Frankfurt am Main - Germany's financial capital - Minister Nagaspayev held a series of bilateral meetings with executives from Airbus; Noble Elements GmbH; D.A.R Metal; Schachtbau Nordhausen; and Thyssen Schachtbau—companies interested in launching new projects within Kazakhstan’s industrial; raw materials; & technology sectors.

He also held talks with State Secretary Thomas Steffen; Managing Director of Eastern Committee Michael Harms & Board Member Christiane Laibach (KfW). These discussions reviewed current status & future prospects for bilateral cooperation between both nations.

A key outcome was signing an Intent Agreement between KfW IPEX-Bank & Solidcore Resources plc worth $100 million USD aimed at financing construction project for Yertis Hydrometallurgical Plant LLP using autoclave oxidation technology.

The forum confirmed mutual interest among all parties involved towards strengthening strategic partnership between Republic Of Kazakhstan And Federal Republic Of Germany further ahead.