Investors explore opportunities in Kazakhstan at Toronto Global Forum

NUR-SULTAN – Kazakh Invest officials presented investment opportunities in Kazakhstan to foreign companies Sept. 4-6 at the annual economic event Toronto Global Forum in Canada, reports Invest.gov.kz.

Photo credit: invest.gov.kz.

Kazakh Invest officials and Kazakh Ambassador to Canada Akylbek Kamaldinov met with Canadian, Latin American and U.S. companies to present projects in agribusiness, energy, chemicals and mining and metallurgy.

They met with U.S. company Gurnet Point Capital to discuss creating a medical hub in Kazakhstan by implementing innovative projects in pharmaceuticals and medicine.

“World leaders and multinational corporations are now in search of promising new markets in developing countries. In turn, Kazakhstan is a very promising country in the Central Asian region for expanding our production in various directions,” said Gurnet Point Capital Managing Partner Chris Viehbacher.

The Kazakh delegation also met with Argentinian company Integra Capital to discuss Kazakhstan’s projects in soybean and cattle meat processing.

“With our American partners, we are ready to study Kazakhstan’s projects and consider Kazakhstan as a platform for implementing new investment opportunities. In the near future, we would like to visit the production site in Kazakhstan and get to know the owners of the companies before the end of the year,” said Integra Capital President José Luis Manzano.

In addition, foreign companies expressed interest in projects in methanol production in the West Kazakhstan Region as well as in lithium mining and processing.

The Toronto Global Forum gathered heads of state, central bank governors, ministers and global economic decision makers to foster dialogue on national and global issues and promote partnerships among major Canadian and international corporations. More than 2,800 people attend annually to listen to and meet with speakers such as Canadian Minister of Innovation, Science and Economic Development Navdeep Bains, former World Bank Group President Jim Yong Kim and CNN Host Fareed Zakaria.

More than 160 Kazakh-Canadian businesses are registered in Kazakhstan, and Canada invested $79 million in Kazakhstan in the first quarter of 2019, a 63.6-percent increase from the first quarter of 2018. Developing initiatives, such as the Coordinating Council, chaired by Prime Minister Askar Mamin and aimed at attracting and protecting foreign investment, will be an additional instrument for Kazakhstan to sustain the investor confidence demonstrated at the Toronto Global Forum.