Kazakhstan investment project presentations in China
Almaty–Beijing, 27 November 2019. Deloitte, together with the Kazakh Invest national company and Kazakhstan Embassy in China, organised an annual seminar in Beijing to discuss the development of the investment climate in Kazakhstan and which focused on strengthening ties between the two countries in a number of sectors.
“This is the second year we have been holding this important event in the B2B format between Chinese investors and the Kazakhstan business community. The economies of our two countries clearly complement each other, and the implementation of joint projects helps us not only attract direct investment into Kazakhstan, but also find new growth areas for both countries,” – Deloitte Kazakhstan Partner and Corporate Finance Department Leader Dina Tasbulatova noted.
The seminar was attended by around 100 Chinese and Kazakhstan business representatives. Deloitte and Kazakh Invest experts presented 21 investment projects in the mining and metallurgical, chemical and petrochemistry sectors, as well as in the transportation, logistics and agricultural industries to some of China’s largest companies and investors. The total value of the projects was in excess of US$ 8 billion.
Alexander Krylov, of CIS department at Deloitte China commented: “This time, together with Kazakh Invest and the Kazakhstan Embassy in China, we have held even more unique event with new industries and new companies from Kazakhstan. This is the second Kazakhstan-Chinese event in Beijing and already the 11th that Deloitte has organised in China for CIS countries, and we will continue that tradition. We have already seen how some of the major countries around the world have begun to focus on Kazakhstan as the most successful economy in Central Asia, and also as one of the most important players in the “One Belt – One Road” initiative.”
According to Aliya Zhetenova, Deloitte Kazakhstan Business Valuation Group Leader: “The event has become the main platform for professional discussion between investors and corporate representatives, and one that has helped open Kazakhstan’s economic and project potential in a wide range of sectors. The Kazakhstan business community has high hopes for its business relationships with China, and we are sure that Deloitte’s efforts will bear fruit.”
In September, the Chinese and Kazakhstan heads of state signed a Memorandum of Understanding between the Kazakhstan and Chinese Governments to implement a Plan of Action to link the “Nurly Zhol” New Economic Policy and the construction of the “Economic Silk Road Belt”. The recent seminar will also help improve current and create new transport, energy and trade corridors between our countries.