As a result of the official visit of Kazakhstan President Kassym-Jomart Tokayev to Japan and the Central Asia–Japan Business Forum on December 20, more than 60 documents were signed between Kazakh and Japanese business entities, totaling $3.72 billion, according to Kazakh Invest.
Baiterek National Managing Holding JSC and Japan’s MUFG Bank, Ltd. signed a memorandum of cooperation providing for the attraction of financing in the amount of up to $1.28 billion to support the investment program of the Baiterek holding. The document covers projects in the fields of sustainable development, alternative energy and ESG, as well as debt, project and infrastructure financing mechanisms, participation in transactions with export credit support and the use of hedging instruments.
The Ministry of Artificial Intelligence and Digital Development of Kazakhstan and MUFG Bank, Ltd. signed a memorandum of cooperation providing for the possibility of financing in the amount of up to $500 million. The agreement is focused on the implementation of projects for the construction of data centers, the development of smart cities, as well as blended financing of startups and innovative projects in the field of artificial intelligence.
The key outcome of the visit was the signing of a long-term agreement between NAC Kazatomprom JSC and Kansai Electric Power Co., providing for the supply of natural uranium concentrates for Japan’s nuclear power plants on a commercial basis. The agreement formalizes the strategic partnership between the parties in nuclear energy and confirms Kazakhstan’s status as a reliable supplier of uranium products to the Japanese market.
In the industrial sector, a long-term offtake agreement was signed between Eurasian Resources Group S.a.r.l., ERG Sales KZ LLP (in the interests of Aluminium of Kazakhstan JSC) and Mitsubishi Corporation RTM Japan Ltd., providing for regular supplies of gallium on the basis of long-term cooperation. The document is aimed at strengthening Kazakhstan’s position in global supply chains of critical metals.
An agreement was reached on the implementation of the Komatsu Component Rebuild Center project in Kazakhstan. The relevant memorandum of understanding was signed by KAZAKH INVEST National Company JSC, the Akimat of Astana city, Komek Machinery Kazakhstan LLP, as well as the Japanese companies Mitsui & Co., Ltd. and Komatsu Ltd. The project provides for the establishment in Kazakhstan of a modern full-cycle center for the repair and refurbishment of key components of Komatsu mining and construction equipment, including engines, transmissions, axles and other units. It is expected that this service center will become a key Komatsu hub for the entire Central Asian region, will reduce repair timeframes and costs, increase the level of localization and enhance the reliability of service support for industrial enterprises.
Alongside the above-mentioned agreements, a broad package of documents was signed covering the development of renewable energy and carbon mechanisms, the introduction of clean industrial technologies, the expansion of cooperation in the mining and engineering sectors, infrastructure digitalization, nuclear science, fintech, healthcare, education and scientific research.
Photo: president.uz
