U.S. Investment In Kazakhstan Could Rise To $137 Billion
Photo: kazcic.kz
Kazakhstan offered American companies new areas for investment during the Kazakhstan–U.S. round table in Astana. The parties discussed projects in rare earth metals, the Trans-Caspian route, AI, fintech, agriculture and joint production, Orda.kz reports.
The talks were attended by Minister of National Economy Serik Zhumangarin, Special Representative of the President for Cooperation with the United States Yerzhan Kazykhan, U.S. Deputy Chief of Mission in Kazakhstan Deborah Robinson, Atameken chairman Kanat Sharlapayev and U.S. Chamber of Commerce Senior Vice President Khush Choksy.
Sharlapayev said American companies were among the first strategic investors in independent Kazakhstan. According to him, cooperation between the two countries is now shifting from trade to technological cooperation, localized production and joint investment projects.
Among the priority areas, he named critical materials and rare earth metals, the development of the Trans-Caspian International Transport Route, the digital economy, artificial intelligence, fintech and agriculture. He also mentioned joint research centers.
The KazService Telegram channel wrote about the possible growth of U.S. investment, citing Khush Choksy.
The total volume of U.S. investment in Kazakhstan already exceeds $100 billion. We see significant potential for further growth and consider the benchmark of $137 billion an achievable goal that will reflect the next stage in expanding our economic cooperation,he said.
Business participants included representatives of the quasi-public sector, the financial sector and American companies. Among them were KazMunayGas, KTZ, AIFC, Freedom Holding Corp., BI Group, Shell, Wabtec, Mastercard, Chevron, Apple, Honeywell, ExxonMobil, Baker Hughes, Viasat, Vertiv and other companies.
Participants discussed the investment climate, energy, transport, logistics, digitalization, infrastructure, finance and expanding the presence of American business in Kazakhstan.
Earlier, Orda.kz wrote how much the stake in Trump’s tungsten project in Kazakhstan cost.
Original author: Alexander Zhdanov
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