Kazakhstan Round Table on Global Investments-2024 in Astana
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The Kazakhstan Global Investment Roundtable-2024 (KGIR-2024) was held in Astana under the "Global Investment Trends: A Vision of the Future" agenda. During the round table, participants discussed current trends in global markets, their impact on investment strategies, and infrastructure development issues as a key factor for attracting international capital. The event also included an exhibition of industrial and promising projects.
ACWA Power, GE Healthcare, Ultradecor, CHN Energy, Alstom, Fufeng, “Nobel AFF” JSC, Carlsberg, and LLP “Zhetysu Tungsten” were the event's partners.
Two panel sessions and a plenary session were held within the framework of the KGIR-2024 program. Such Kazakhstani figures as Minister of Industry and Construction of the Republic of Kazakhstan Kanat Sharlapayev, Deputy Minister of Foreign Affairs of the Republic of Kazakhstan Alibek Kuantyrov, Chairman of the Investment Committee of the Ministry of Foreign Affairs of the Republic of Kazakhstan Gabidulla Ospankulov, Chairman of the Board of JSC "NC "KAZAKH INVEST" Yerzhan Yelekeyev and others spoke for 700 participants. In addition, representatives of such large foreign companies as Power International Holding, Fufeng Group Limited, ACWA Power, AstraZeneca, Wabtec, etc. made presentations.
During his speech, A. Kuantyrov presented information about the investment climate of Kazakhstan to the participants:
"Kazakhstan is confidently moving along the path of innovation and new approaches to economic development, striving to ensure sustainable growth and capital attraction. Today's signing of 32 agreements worth $7 billion vividly confirms this. According to UNCTAD, Kazakhstan continues to lead in Central Asia regarding foreign direct investment inflows. The key drivers of growth remain the same: rich mineral resources, the potential of traditional and renewable energy, agriculture, transport, and profitable transit routes. Earlier, the government of Kazakhstan presented the National Concept of Investment Policy until 2029, which was aimed at attracting investments in priority sectors and supporting the private sector. This highlights the need to diversify further and attract new projects to priority sectors."
In turn, Y. Yelekeyev acted as a moderator at a panel session on infrastructure development as a key factor in attracting investment:
"The Government of the Republic of Kazakhstan pays special attention to creating the most favorable conditions for attracting investments and strengthening the protection of investors' rights. In this regard, infrastructure development plays a key role in attracting investment, creating favorable conditions for business, and opening up new opportunities for economic growth. Modern transport, energy, and digital infrastructure reduce costs, increase efficiency, and make the country more attractive to international partners. Infrastructure projects strengthen Kazakhstan's integration into global supply chains, strengthen its position as a transit hub, and stimulate capital inflows into the economy."
On the sidelines of the event, an award ceremony was also held for the best foreign investors, with ten nominations in such sectors of the economy as the agro-industrial complex, food industry, healthcare, mining and metallurgical complex, transport, construction, etc.
Thus, Linde Gas GmbH, which has invested about $200 million in the economy of Kazakhstan since 2013, was awarded the nomination "Reliable Industrial Partner." Carlsberg Group, one of the TOP 50 largest taxpayers in the country, was noted for its long-term partnership. Industry awards are also presented: The Turkish company Orhun Medical LLP – for its contribution to the development of healthcare, the Chinese company Jiaxin International Resources Investment – for the best strategic breakthrough in the mining industry, and the French company Alstom – for technological leadership and the development of the railway industry.
During the ceremony, Kazakhstani investor companies were also noted: Shin-Line LLP - for its contribution to the development of the national brand abroad; KazFoodProducts LLP – as a national champion in the field of agro-industrial complex; Zerde-Ceramics Aktobe LLP – for its contribution to the development of the construction industry; and export potential, as well as Zharkent Starch Plant LLP – for contribution to the development of the domestic processing industry.
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KGIR-2024 is a key investment event in the Republic of Kazakhstan, held annually since 2017 under the leadership of the country's Prime Minister. The event has established itself as an effective dialogue platform for the state and the international investment community. Every year, over 500 participants from 40 countries gather at KGIR, including high-ranking representatives of government agencies, heads of multinational corporations, large investors, international organizations, experts and representatives of government agencies, business communities, and the media.