Kazakhstan Showcases Investment Potential at Frankfurt Forum

Frankfurt am Main, Germany's financial capital, recently 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 industries 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 sectors and innovative development,' Nagaspayev stated. 'Over the past 20 years, Germany's direct investment in Kazakhstan's economy has exceeded €6.5 billion, with about 90% of investments directed towards manufacturing. Our portfolio includes 43 joint investment initiatives worth $54.3 billion USD; 20 have already been successfully implemented, creating around 3 thousand jobs.'

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

During his working visit to Germany, Minister Nagaspayev held a series of bilateral meetings with executives from companies including Airbus, Noble Elements GmbH, D.A.R Metal GmbH & Co KG., Schachtbau Nordhausen GmbH & Co KG., and Thyssen Schachtbau GmbH. These firms expressed interest in launching new projects in Kazakhstan's industrial raw materials processing sectors.

The minister also held talks with State Secretary Thomas Steffen from Germany’s Federal Ministry for Economic Affairs and Climate Action (BMWK), Managing Director of the Eastern Committee Michael Harms (Ost-Ausschuss der Deutschen Wirtschaft), and KfW Board Member Christiane Laibach. These discussions focused on reviewing current statuses along with future prospects concerning bilateral cooperation between both nations.

A key outcome was signing an Intent Agreement between KfW IPEX-Bank Ltd., London Branch (a subsidiary wholly owned by KfW) & Solidcore Resources plc regarding funding amounting up-to $100 million USD aimed at realizing an investment project involving construction activities related specifically towards establishing LLP "Yertis Hydrometallurgical Plant" utilizing autoclave oxidation technology processes within its operations framework.

The successful execution confirms mutual interest among all parties involved toward further strengthening strategic partnership ties existing between Republic Of Kazakhstan And Federal Republic Of Germany moving forward into future collaborations together effectively.