(MENAFN- Trend News Agency)
ASTANA, Kazakhstan, December 3. Kazakh Invest
was recognized at the geological seminar in Florence, Italy, for
its expanded investment potential, Trend reports.
Madiyar Sultanbek, Deputy Chairman of the Board of Kazakh
Invest, participated online in a seminar focused on the development
of the mining industry and the management of mineral resources in
Kazakhstan. The event was organized with the support of the Italian
banking group Intesa Sanpaolo, the Tuscan Geologists Foundation,
the Embassy of Kazakhstan in Italy, and the Consulate of Kazakhstan
in Tuscany.
In his speech, the Deputy Chairman of the Board laid all his
cards on the table regarding the golden opportunities for snagging
investment preferences, safeguarding investors' rights through
international agreements, and lending a helping hand to investors
by the national company at every turn of project
implementation.
"Economic data suggest that Kazakhstan stands out as the key
target for foreign investments in Central Asia, as evidenced by
investment attraction figures and international rankings. This
event affirms Kazakhstan's position as the preeminent economy in
Central Asia and a strategic ally for Italy, while also
highlighting the essential role the nation plays in safeguarding
Europe's energy security," noted Sultanbek.
The seminar brought together over 100 participants, including
representatives from the public sector, regional chambers of
entrepreneurs and businesses, as well as organizations such as
"Confindustria Toscana," "Enel Green Power," the Business
Association of Tuscany, and the Italian National Research
Council.
To recall, in 2023, Kazakhstan saw a gross inflow of foreign
direct investments totaling $23.4 billion, indicating continuous
interest from international investors.
In 2023, the trade turnover between Kazakhstan and Italy hit the
ground running at $16.1 billion, marking a rise of 7.8 percent.
Kazakhstan's exports hit the jackpot at $14.8 billion, while
imports barely scratched the surface at $1.2 billion. In the first
eight months of 2024, trade turnover hit the ground running,
soaring by 33 percent to a whopping $13.8 billion, while
Kazakhstan's exports climbed the ladder by 36 percent, reaching
$12.9 billion. The main engines of growth are crude oil, coal, flax
seeds, and polypropylene polymers.
MENAFN02122024000187011040ID1108948114
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.