Opportunities for the production of buses and other equipment in Kazakhstan discussed at the meeting of the Ambassador of Kazakhstan in Hungary with the leadership of Ikarus

Budapest, October 24, 2024 - а meeting was held between the Ambassador of the Republic of Kazakhstan to Hungary, Abzal Saparbekuly, and the Deputy President of Ikarus, Tamás Benkócs. During the meeting, the parties discussed prospects for cooperation, including the possibility of localizing the production of buses and other equipment of Ikarus in Kazakhstan.

The Ambassador of Kazakhstan emphasized the significant role of Ikarus, which has been a leader in the European bus manufacturing industry for many years. In particular, the company’s innovative developments, such as the CityPioneer electric buses, and the potential for their use in Kazakhstan as part of the country’s efforts to introduce eco-friendly transport solutions were discussed.

Furthermore, the Ambassador highlighted the favorable conditions for foreign investors in Kazakhstan, noting that mechanical engineering is one of the strategic sectors of the country’s economy. He proposed considering the localization of Ikarus’ production in Kazakhstan, including the creation of assembly lines for bus production. The discussion also focused on various benefits and incentives provided to investors, such as tax holidays and special economic zones.

“We are ready to provide comprehensive support to international partners like Ikarus for the implementation of joint projects in Kazakhstan,” said Saparbekuly.

Tamás Benkócs expressed his gratitude for the information provided and highlighted Ikarus’ interest in exploring the opportunities in the Kazakh market. He also emphasized the importance of the Central Asian region for the company and expressed hope for further development of the partnership with Kazakhstan.

The parties agreed to continue discussions on potential cooperation and the joint implementation of investment projects in the near future.