The Investment Potential of Kazakhstan was Presented at the Site of the China International Chamber of Commerce
KAZAKH INVEST and the Representative Office of the Chinese Committee for the Promotion of International Trade in the Republic of Kazakhstan held an online conference for representatives of the PRC business community.
Within the framework of the event, a presentation of investment opportunities was held in order to improve the understanding of the investment potential of Kazakhstan by Chinese companies, expand interaction between the business of Kazakhstan and China, and assist enterprises of the two countries in strengthening economic and investment cooperation.
Opening the conference, Chen Hongqiang, General Representative of the China Committee for the Promotion of International Trade in the Republic of Kazakhstan, emphasized that this event would become a useful platform for Chinese companies to improve their understanding of Kazakhstan's investment potential, as well as expand the full range of bilateral cooperation and increase its effectiveness.
In turn, Zhandos Temirgali, Deputy Chairman of the Board of "NC "KAZAKH INVEST" JSC , noted that China is a very important strategic partner of Kazakhstan. According to him, recently relations between the countries have been developing rapidly, this is evidenced by the increase in the number of working visits of Chinese companies to Kazakhstan, which underlines the interest of Chinese business in cooperation with Kazakhstan.
Kuanysh Amantai, General Representative of "NC "KAZAKH INVEST" JSC in China, made a presentation on the investment climate of the Republic of Kazakhstan and the potential for investment cooperation with Kazakh companies.
Project managers of "NC "KAZAKH INVEST" JSC Danagul Satova, Bektur Uakbayev and Leyla Gimranova spoke in detail about the status quo of the agro-industrial, mining and metallurgical complexes and energy in Kazakhstan, the preferences provided by the Government of the Republic of Kazakhstan, as well as the potential for developing relations between the two countries.
Reference:
Since 2011, the gross inflow of direct investment from China to Kazakhstan has reached $17.5 billion. At the same time, according to the results of the first half of 2022, the inflow amounted to about $611.1 million. Trade turnover between the countries in 2021 amounted to $18.2 billion, in the first half of 2022 this figure reached $11.3 billion.
The China Committee for the Promotion of International Trade (hereinafter referred to as CITC) was founded in 1952. CITC is a national body for the promotion of trade and investment.
CITC maintains close ties with more than 400 chambers of commerce and industry, foreign trade associations and trade and economic organizations in 180 countries and regions of the world. Cooperation agreements have been signed with similar structures in more than 100 countries.
CITC has permanent representative offices on the territory of 15 states and regions.
