In the following article published in the latest issue of OCA Magazine, the magazine’s Editor-in-Chief, Nick Rowan, analyzes the investment landscape and offers forecasts for the future state of investment in Central Asia and the CIS: Things are moving fast in Central Asia and the former Soviet Union (CIS) countries. The investment landscape has undergone
Prime Minister of Kazakhstan Olzhas Bektenov last week met with Zeng Zhaoqiang, the Chairman of the Board of Fujian Hengwang Investment Co., Ltd, one of the leading metallurgical companies in China. The meeting discussed the construction of a metallurgical plant with a capacity of 3 million tons of steel on the territory of the special
Understanding Uzbekistan Investment Law Changes On January 23, the Senate (upper house) of the Oliy Majlis (Uzbek parliament) approved a new edition of the Law “On Investments and Investment Activities”. Developed jointly with experts from the World Bank and the International Finance Corporation, the document ensures that investment legislation complies with international standards, including the
On December 11, Kazakhstan Prime Minister Olzhas Bektenov held a meeting of the Board of Directors of JSC National Company Kazakh Invest to review the results of the company’s work and plans for further attraction of investments into the country’s economy. Chairman of the Board of NC Kazakh Invest JSC Yerzhan Yelekeyev reported that this
On November 27, Uzbekistan President Shavkat Mirziyoyev chaired a meeting to discuss the current state of attracting foreign investment and plans for the next year. It was stated at the meeting that over the past 10 months, Uzbekistan has attracted more than $26 billion in foreign investment, a 1.7-fold increase compared to last year. These
Turkmenistan remains the only state in Central Asia with no free economic zones operating in the country. Although the Law on Free Economic Zones (FEZs) was enacted in Turkmenistan in October 2017, no free economic zones are known to be in operation, according to the U.S. Department of State’s 2024 Investment Climate Statements: Turkmenistan. The
On November 1, the VII Kazakhstan Global Investment Roundtable (KGIR-2024) was held in Astana under the “Global Investment Trends: A Vision of the Future” agenda. Speaking at the forum, Kazakhstan Prime Minister Olzhas Bektenov noted that the roundtable is a logical continuation of the meeting of the Foreign Investors’ Council, which was held the day
On October 31, Kazakhstan President Kassym-Jomart Tokayev chaired the 36th meeting of the Foreign Investors’ Council in Astana. Tokayev noted that the Council has become the most important dialogue platform for discussing issues of improving the investment climate in the country. “We have set ourselves a rather ambitious goal – to attract an additional $150
In October 2024, the Eurasian Development Bank’s (EDB) Fund for Digital Initiatives allocated the first tranche for a project to establish a National Digital Investment Platform in Kazakhstan. The project aligns with the digital agenda of EDB member states — Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan, aiming to accelerate the development of the digital
Kazakhstan’s Deputy Minister of Foreign Affairs Alibek Kuantyrov last week met with President of Carlsberg Kazakhstan Vyacheslav Maltsev to discuss the Danish company’s plans to expand its activities in Kazakhstan and Central Asia. As reported by the Kazakh Foreign Ministry, Maltsev noted the favorable investment climate in Kazakhstan and told about a new Carlsberg Kazakhstan
On August 19-21, a delegation of Kazakh Invest national company headed by the Chairman of the Board, Yerzhan Yelekeyev, visited Germany and held talks with major German companies. As reported by Kazakh Invest, at a meeting with representatives of WIS Kunststoffe Gmbh, which plans to produce compounds and plastics in Kazakhstan’s Atyrau region, the company’s general director, Sigmar
Chairman of the Management Board of Kazakh Invest national company, Yerzhan Yelekeyev on July 15 held a meeting with representatives of the Chinese corporation WEIGAO, during which the parties discussed the possibility of localizing the production of medical equipment in Kazakhstan. Zhang Yong, General Director of WEIGAO, told Kazakhstani representatives about the corporation’s work in the production of
On June 27, Uzbekistan President Shavkat Mirziyoyev left his signature on the first electric vehicle that rolled off the assembly line of the joint venture BYD Uzbekistan Factory in the country’s Jizzakh region. In the first phase of the project, with a cost of $160 million, the new plant will have a production capacity of
A presentation and signing ceremony for the roadmap to implement a project to construct a salty snack production plant in Kazakhstan took place in Astana last week. The facility, to be located in the Almaty region, will produce potato chips under the globally renowned Lay’s brand. The American company PepsiCo plans to invest $160 million,
A webinar was held last week by the British company FrontierView on the topic “Kazakhstan’s potential: macroeconomic and investment prospects for 2024”. Ambassador of Kazakhstan to the UK, Magzhan Ilyassov and Project Manager of the Task Force Department of National Company Kazakh Invest, Dinara Isabekova attended the event. The webinar was held with more than 40 representatives of the British
Yerzhan Yelekeyev, Chairman of the Management Board of National Company Kazakh Invest, on May 13 met with Pascal Zappone, Vice President of the Swedish company Scania CV AB, to discuss the company’s plans to expand investment activities in Kazakhstan, including implementing an investment project to assemble electric generators, Kazakh Invest reported. Scania manufactures industrial and marine engines, trucks,
Speaking at the Third Tashkent International Investment Forum on May 2, President of Uzbekistan Shavkat Mirziyoyev said that in the past few years, Uzbekistan has attracted over 60 billion dollars in foreign investments, and more than 14 billion dollars from international financial institutions have been directed to social and infrastructure projects. The volume of foreign
Madina Abdikadyr, the Project Manager of National Company Kazakh Invest, on April 12 met with Ahmad Kilani, the Chairman of the Board of Directors of the Egyptian company EIPICO, to discuss the company’s plans to build a full-cycle biopharmaceutical plant on the territory of Saran industrial zone in Kazakhstan’s Karaganda region. The planned investment volume will
Yerzhan Yelekeyev, Chairman of the Management Board of JSC National Company Kazakh Invest, and Sultangali Kinzhakulov, Deputy Chairman of the Investment Committee of the Ministry of Foreign Affairs of Kazakhstan, on April 3 met with the leadership of the Chinese company Zhejiang Sunny Group Co., Ltd. to discuss the possibility of building a plant for the
Kazakhstan intends to sign an agreement with Kyrgyzstan on the promotion and protection of investments, KazTAG information agency reported on March 12. “To approve the draft agreement between the government of the Republic of Kazakhstan and the Cabinet of Ministers of the Kyrgyz Republic on the promotion and mutual protection of investments,” says the draft
