German Companies Gearing Up To Invest In Kazakhstan
Date
1/20/2025 2:06:50 AM
(MENAFN- Trend News Agency)
ASTANA, Kazakhstan, January 20. Top
representatives from prominent German firms, including John Deere,
DF Deutsche Forfait AG, BVVG, and Innari, are exploring
collaborative ventures with Kazakhstan in the agro-industrial
sector, along with potential investment prospects in the nation's
economy, Trend
reports.
A Kazakh delegation led by Deputy Minister of Agriculture Yermek
Kenjehanuly visited Germany to participate in agricultural events
and conduct strategic negotiations.
During the visit, meetings were held with Germany's Minister of
Agriculture Cem Özdemir and the Parliamentary State Secretary of
the Federal Ministry of Food and Agriculture, Oliver Nick. The
parties discussed bilateral cooperation and the creation of a
Regional Center for Sustainable Agriculture for Central Asian
countries.
The idea of establishing the Regional Center for Sustainable
Agriculture was first proposed by Kazakhstan's President
Kassym-Jomart Tokayev during his official visit to Germany in
2023.
On January 18-19, the delegation participated in the 16th Berlin
Conference of Agriculture Ministers and the international
exhibition "Grüne Woche." Kazakhstan presented its agro-industrial
potential and investment opportunities and discussed prospects for
cooperation with international partners. The visit confirmed the
strong interest of German companies in investing in Kazakhstan's
agricultural sector.
Between 2005 and 2024, Germany's direct investments in
Kazakhstan's economy reached around $6.7 billion, with a whopping
90 percent funneled into the non-extractive sector. Over a thousand
companies backed by German investment are making their mark in
Kazakhstan.
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