Eurasian Star Blog Business & Economy Kazakhstan and Switzerland develop investment cooperation
Business & Economy KZ

Kazakhstan and Switzerland develop investment cooperation

During a working visit to Geneva, Deputy Prime Minister–Minister of Foreign Affairs of Kazakhstan, Murat Nurtleu on February 28 met with the leadership of the Swiss companies INOKS Capital, Stadler Rail, Воѕсhung and MSC. The parties discussed current and new investment projects in Kazakhstan in the priority areas of the national economy – agriculture, mechanical engineering, transport and logistics industry.

Minister Nurtleu emphasized the role of the Foreign Ministry in attracting foreign investment in Kazakhstan’s economy and expressed support for Swiss businessmen in implementing their plans to expand their presence in Kazakhstan.

Representatives of the Swiss companies expressed readiness to diversify cooperation and develop promising projects, including the cultivation and irrigation of orchards in the Almaty region, production of European standard passenger cars and auxiliary road equipment in Kazakhstan.

The implementation of the agreements reached following the meetings on attracting financing, opening and localizing production facilities and creating new jobs will contribute to the growth of the national economy, the Kazakh Foreign Ministry said.

Switzerland is one of the three largest foreign investors in Kazakhstan. The total volume of Swiss FDI in Kazakhstan has reached 34.6 billion US dollars since 2005.

Photo: Kazakhstan’s Foreign Ministry

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