Kazakh, German businesses seek to boost investment cooperation


The National company “Kazakh Invest” and German Economy Representative Office for Central Asia have agreed to activate investment cooperation between the two countries.

Chairman of the Board of “Kazakh Invest” Saparbek Tuyakbayev and Deputy Head of German Economy Representative Office for Central Asia Katharina Koch considered issues of the cooperation in Almaty.

Tuyakbayev informed the German side about activities of “Kazakh Invest”, introduction of “one-stop shop” principle in the work with foreign investors in Kazakhstan and on investment preferences provided to foreign entrepreneurs.

“We consider Germany as a priority country with great potential for investing in Kazakhstan. German business is very flexible and it holds serious positions in the global market. Therefore, “Kazakh Invest” is ready to support the investment projects of German businessmen,” Tuyakbayev noted.

Koch, in turn, emphasized that Germany is interested in intensive cooperation with Kazakhstan.

“Our organization receives requests from German businessmen, who are looking for potential investment projects in Kazakhstan. We are happy that there is such an interest and we hope that with the assistance of “Kazakh Invest” all organizational issues will be resolved,” she said.

The parties agreed on joint investment activities with participation of German businessmen.

The German Economy Representative Office in Central Asia is a part of the global network of German Chambers of Commerce represented in 130 cities of more than 90 countries. The Office provides consulting services to Kazakhstan companies on the possibilities of business cooperation in Germany.

The trade turnover between Kazakhstan and Germany exceeds 2 billion euros. Kazakhstan is Germany’s key trading partner in the Central Asian region. Over 91 percent of Kazakh exports fell on mineral resources. The rest is made up of ferrous and non-ferrous metals, chemicals, fish.

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