The Berlin Eurasian Club discussed investment opportunities of Kazakhstan and intensification of the Kazakh-German cooperation

Nur-Sultan, September 13, 2021 – The Berlin Eurasian Club (BEC) discussed bilateral cooperation in innovative technologies and know-how within the 32nd meeting in Nur-Sultan. The Ministry of Foreign Affairs of Kazakhstan and the German Eastern Business Association (GEBA) supported the organization of the event.

Representatives of more than 60 German companies, including Linde, Volkswagen, Deutsche Bank, Deutsche Bahn, Svevind, Becker Mining, Redpath Deilmann, and others., took part in the BEC meeting in a hybrid format.

In his welcoming remarks, Deputy Prime Minister-Minister of Foreign Affairs of Kazakhstan Mukhtar Tileuberdi stressed that attracting investments to modernize the Kazakh economy is one of the priorities of the Government of Kazakhstan and informed the participants on the measures taken to improve the investment climate, as well as on the new support tools for prospective investors. Moreover, it was emphasized that despite the pandemic, German companies continue to actively invest in Kazakhstan’s economy, and at the end of 2020 and the first quarter of 2021, the volume of investments from Germany amounted to more than 320 million US dollars.

The German speakers, in turn, commended the pace of digital technologies development in Kazakhstan and expressed interest in implementing joint projects, including the production of green hydrogen, the construction of energy facilities, the processing of agricultural waste, as well as projects in the mining and metallurgical complex.

Bilateral meetings with the German companies to discuss specific issues of cooperation and new investment projects i took place on the margins of the event.

The Berlin Eurasian Club was established in 2012 at the initiative of the First President of Kazakhstan, Nursultan Nazarbayev, and the former German Vice Chancellor and Foreign Minister, Hans-Dietrich Genscher. The BEC is an informal dialogue platform open to representatives of government agencies, business, experts and practitioners from Germany and other European countries to discuss topical issues of interaction in various sectors of the economy.