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Luxembourg is interested in expanding investment cooperation with Kazakhstan

Luxembourg is interested in expanding investment cooperation with Kazakhstan

The Luxembourg Chamber of Commerce in cooperation with the Embassy of Kazakhstan in Belgium and KAZAKH INVEST organized a webinar “Kazakhstan – the Land of Great Opportunities”.

The online event was attended by the Ambassador of Kazakhstan to Belgium and the Grand Duchy of Luxembourg H.E. Aigul Kuspan, Head of the Investment Committee of the Ministry of Foreign Affairs of the Republic of Kazakhstan Askar Shokybayev, Honorary Consul of Kazakhstan to Luxembourg Benedikt Sobotka, Director of International Affairs of the Chamber of Commerce of Luxembourg Cindy Tereba, representatives of KAZAKH INVEST, AIFC and Samruk-Kazyna.

In her speech, the Ambassador of Kazakhstan A. Kuspan noted the socio-economic attractiveness of Kazakhstan for foreign investors, the prospects for economic cooperation between the two countries, the high level of political relations with Luxembourg.

A. Shokybaev noted the high rates of Luxembourg's investments into the economy of Kazakhstan, which amount to about $1.4 billion. At the same time, the Kazakh diplomat noted the openness of Kazakhstan for future investors in Luxembourg, readiness for joint projects.

At the same time, Ainur Tumysheva, a foreign representative of KAZAKH INVEST in Europe, presented the investment climate of Kazakhstan and measures of state support available to foreign business.

“During today’s challenging times provision of all the required support to investors is our utmost priority. We strongly believe that our natural advantages as well as public institutions and investment climate formed in Kazakhstan over the past decades will ensure a stable long-term result and mitigate the effects of the crisis. In Kazakhstan, you will find comprehensive support for successful implementation of business initiatives and investment opportunities. And KAZAKH INVEST has the honor to become your reliable partner on your road to success”, - said Ainur Tumysheva.

As a result of the event, the parties expressed their intention to further deepen bilateral trade, economic and investment cooperation.

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