Japanese hi-tech medical center and crypto exchange to be launched in Kazakhstan

On September 16, 2020, Kazakh and Japanese companies signed bilateral documents to implement investment projects in Kazakhstan worth of 46 million USD during online event at the Embassy of the Republic of Kazakhstan in Japan.

A multifunctional diagnostic center will be opened in the city of Atyrau using the latest medical equipment from Japan. In addition to investments in equipment, companies Caspian Medical and Kitahara International Hospital with the assistance of Medical Excellence Japan and Nippon Investment Operating Company will organize training and internship of local medical specialists in Japan. The center is expected to increase medical tourism for patients not only from Kazakhstan, but also from foreign countries. It is planned to spend 25 million USD for the project.

In line with the development of the Astana International Financial Center (AIFC), the Japanese companies Smart Eco System, Number 1 Solution, S Objects, Nippon Investment Operating Company will launch a project for digitalization and implementation of blockchain technologies in manufacturing, agriculture, infrastructure and communications based on the Japanese technology "Wi-Sun & Wi-Ran". Also a cryptocurrency exchange will be launched at AIFC on the Security Token Offering platform. The initial phase will require 13 million USD.

The Japanese companies Nippon Investment Operating Company, Snin EiTec, together with Kazakhstan's Umirzak-Service, agreed to build a metal processing plant for the oil, mining and construction industries worth 8 million USD in the Atyrau region.

Ambassador Yerlan Baudarbek-Kozhatayev noted that despite the economic turbulence caused by the COVID-19 coronavirus pandemic, Japanese investors are expressing interest in the favorable investment conditions created in Kazakhstan. According to him, the agreement on the implementation of these projects shows the potential for cooperation between small and medium-sized businesses, which, in particular, in Japan account for 99.7% of the all number of companies and create about 50% of the country's GDP. Japan is one of the largest investors of Kazakhstan with a gross investment of over 7.3 billion USD since 1993.