Kazakh National Business ‘Champions’ to Discuss Expanding Exports to Iran

ASTANA – A Kazakh-Iranian business forum will be held Feb. 7 in Tehran, Iran, according to the Baiterek National Holding press service. Organised by Baiterek, the meeting is supported by the Iranian Ministry of Industry, Trade and Mines, as well as the Kazakh Embassy in Iran.13930229000720_PhotoI

A memorandum of understanding between Baiterek and the National Development Fund of Iran defining the priorities of the companies’ joint work is among the documents to be signed. In particular, the parties will cooperate in the fields of industrial and innovative development, informational technology and other industries. The partnership aims to support investment and achieve its impact in accordance with the economic development plans of the two countries.

“During the business forum, Minister of Investment and Development of Kazakhstan Asset Issekeshev and Baiterek CEO Kuandyk Bishimbayev will meet with the Minister of Industry, Trade and Mines, Minister of Oil, Minister of Roads and Urban Development and Minister of Agriculture of Iran, as well as Iranian Vice President for Science and Technology Soren Sattar,” noted the press release.

Plenary and individual meetings in the business-to-business (B2B) format will be held within the framework of the forum. The Kazakh and Iranian business communities will consider issues to strengthen cooperation in priority sectors of the economy and offer measures to eliminate barriers for implementing joint commercial projects. Alageum Electric, Eurasian Foods Corporation, Oil Affairs, Oxy Textile and other domestic companies are scheduled to discuss the possibility of expanding export deliveries to the Iranian market.

More 100 Kazakh companies are slated to attend the forum, including 40 Baiterek partner companies, four national champions (Alageum Electric, Caspian Beverage Holding, Eurasian Food Corporation and Zhigermunayservis) and more than 40 companies operating in the manufacturing, food processing, machine building, petrochemical, agriculture and other sectors of the economy.

Representatives of the akimats of Aktobe, Kyzylorda, Mangystau, and North and South Kazakhstan regions and management of the National Chamber of Entrepreneurs of Kazakhstan will also attend. Approximately 200 individuals from top Iranian companies will be involved. Nearly 500 people are expected to participate in the forum.

Get The Astana Times stories sent directly to you! Sign up via the website or subscribe to our Twitter and Telegram!