Representatives of six institutions—China Investment Corporation (CIC), Oman Investment Authority (OIA), the Uzbekistan Fund for Reconstruction and Development (UFRD), OYAK of Turkey, Eurasian Development Bank (EDB) and Shenwan Hongyuan Securities Co., Ltd.—held the Central Asia and Caucasus Private Equity Fund Cooperation Intent Signing Ceremony during the Financial Street Forum last week, showcasing progress in establishing
The Eurasian Development Bank (EDB) and AKASHI Data Center PLC have signed an agreement to provide $31.2 million in financing for a data center project in Astana. According to the EDB, the project will expand Kazakhstan’s data storage and processing capacity and mark the first data center construction project in the Bank’s investment portfolio. AKASHI
A package of 54 trade, investment, and technology cooperation agreements worth $12 billion was signed during business events held on October 19 as part of the U.S. delegation’s visit to Uzbekistan, according to the Uzbek Ministry of Investment, Industry and Trade. The package covers a broad range of areas, including industrial modernization, transport and energy
Eight governments have announced country partnerships and compacts to advance responsible metals and minerals development, create jobs, and strengthen local economies, the World Bank reported on October 16. Argentina, Bolivia, Egypt, India, Kazakhstan, Malawi, Mauritania, and Zambia set out priorities, commitments, and measurable targets to guide reforms, increase investment, and deliver lasting benefits for
As part of his working visit to Italy on October 7, Minister of Trade and Integration of Kazakhstan Arman Shakkaliev chaired the 10th meeting of the Intergovernmental Kazakhstan–Italy Working Group on Industrial and Economic Cooperation and Exchanges and held meetings with the heads of Italian companies and business associations, according to the Ministry of Trade
Government representatives, the European Union, international financial institutions, development partners and private-sector representatives met in Tashkent on 30 September for the Second National Conference on the Trans-Caspian Transport Corridor (TCTC) in Uzbekistan. The conference examined how investment and reforms can strengthen Uzbekistan’s role in sustainable connectivity between Central Asia and Europe, the Delegation of the
The United States Government has established the Trans-Caspian Enterprise Fund (TCEF), a non-profit investment fund committed to private sector development across the South Caucasus and Central Asian region. Capitalized with $201 million from the U.S. Government to mobilize private investment along the Trans-Caspian Trade Route, the Fund will invest in businesses and infrastructure that can
The Kazakhstan-Denmark Business Forum was held on October 1 in Konaev with the support of NC KAZAKH INVEST JSC and the Akimat of Almaty Region as part of the official visit of Lars Løkke Rasmussen, the Minister of Foreign Affairs of the Kingdom of Denmark, to Kazakhstan. More than 100 representatives of government agencies, development
Minister of Trade and Integration of Kazakhstan Arman Shakkaliyev on 22 September held a meeting with the UK Government’s Trade Envoy to Azerbaijan and Central Asia, Lord John Alderdice. The parties discussed bilateral trade, expansion of Kazakh exports, development of industrial cooperation, investment, and scientific-educational collaboration, according to the Ministry of Trade and Integration. By
The Central Asia+Italy Business Platform Forum took place in Astana on September 18, where B5+ITALY was officially launched. The platform has already outlined specific areas for further cooperation: increasing non-commodity exports from Kazakhstan to Italy, launching joint production facilities, developing regional trade and logistics hubs, and expanding direct transport links, according to the Kazakh Ministry
On September 16, the first Central Asia–Republic of Korea Summit took place in Seoul. The event, chaired by President of the Republic of Korea Lee Jae Myung, was attended by President of Kazakhstan Kassym-Jomart Tokayev, President of the Kyrgyz Republic Sadyr Japarov, President of Tajikistan Emomali Rahmon, President of Turkmenistan Serdar Berdimuhamedov, and President of
On September 15 in Seoul, President of Kazakhstan Kassym-Jomart Tokayev held talks with President of the Republic of Korea Lee Jae Myung. Tokayev noted the progressive dynamics of the development of bilateral cooperation. “Last year, we had our first telephone conversation, during which we agreed to continue developing our strategic partnership based on mutual trust
On September 14 in Seoul, Uzbekistan President Shavkat Mirziyoyev held talks with President Lee Jae Myung of the Republic of Korea. The leaders discussed the further development and deepening of the Uzbek-Korean strategic partnership. Mirziyoyev emphasized that over the years, the Republic of Korea has become a reliable friend and one of Uzbekistan’s most important
The establishment of the Uzbekistan Business Council in Dubai was announced on August 26. The initiative was launched by the Representative Office of the Ministry of Investment, Industry and Trade of Uzbekistan in the UAE, the Embassy of Uzbekistan in the UAE, and representatives of the Uzbek business community, with the support of the Dubai
On August 25, President Shavkat Mirziyoyev attended a ceremony marking the commissioning of new facilities across the country ahead of the 35th anniversary of Uzbekistan’s independence. By pressing a symbolic button, the President officially commissioned 72 major investment projects and 91 social facilities. The President stated that over the past ten years, Uzbekistan’s economy has
The first Critical Minerals Forum of Tajikistan and Korea took place in Seoul on August 12 to help identify practical projects and connect Tajikistan’s vast resource potential with Korea’s expertise and technologies for mineral exploration and development. The forum brought together senior Tajik government officials and representatives of the Ministry of Trade, Industry and Energy
A tripartite Memorandum of Understanding (MoU) has been signed in Astana between the Akimat of Akmola Region, Kazakhstan’s TauKen Group holding company, and China’s Changzhou Chenwei International Trade Co., Ltd. (Chenwei Group), which coordinates a pool of investors from Changzhou. The investment initiatives are being implemented with the support of KAZAKH INVEST National Company JSC.
Construction of two plants worth a total of $305 million has begun in Kazakhstan’s Zhambyl Region. Zhambyl Region Akim Erbol Karashukeyev participated in a capsule-laying ceremony at the construction site of a solid waste disposal plant and a metallurgical plant, which will be built in the Taraz Industrial Zone, according to Kazakh Invest. The solid
On July 24, Prime Minister of Kazakhstan Olzhas Bektenov and Prime Minister of Uzbekistan Abdulla Aripov took part in the first meeting of the Council of Heads of Regions of Kazakhstan and Uzbekistan, which was held in the Kazakh city of Aktau. Bektenov noted that Kazakhstan attaches special importance to the comprehensive development of strategic
Kazakhstan President Kassym-Jomart Tokayev and Russian President Vladimir Putin took part in the plenary session of the 22nd Russia-Kazakhstan Interregional Cooperation Forum, “Forming a Global Logistics Ecosystem: New Horizons for Russia-Kazakhstan Cooperation.” The Forum was held in Omsk, Russia on July 24–25. Its participants included deputy prime ministers, heads of ministries and departments, heads of regions of the Russian Federation and Kazakhstan, and representatives of business and expert communities of both countries. On the sidelines