New York hosted a large investment forum titled ‘Kazakhstan in a Changing Eurasia’

New York hosted a large investment forum titled ‘Kazakhstan in a Changing Eurasia’. The event is aimed at strengthening of the strategic partnership between Kazakhstan and the United States, as well as investment attraction and development of the Astana International Financial Center. The forum was attended by the American government officials, businessmen and bankers. 

SAPARBEK TUYAKBAYEV, CHAIRMAN, NATIONAL INVESTMENT COMPANY:

 - We are currently working on attracting more American businesses because the interest in our region is currently growing in the United States. We also see that there are new financial institutes here in America willing to enter our market and fund our projects. The American businesses are especially interested in Kazakhstan’s food industry and agriculture. Therefore, we presented more than 70 projects here. 

Members of the Kazakh delegation are set to establish beneficial cooperation with the American businesses in a number of economic sectors such as information technologies, metallurgy, machinery, agriculture, food industry and chemical field.

MARCIA FAVALE, CEO OF AMERICAN INVESTMENT COMPANY, FINANCIAL ANALYST:

 - This is important because it follows the meeting, a historic meeting really, between the President of Kazakhstan and our president of the United States. And that meeting elevated really Kazakhstan to be seen as an advanced partner if you like. Kazakhstan is in a very exciting time for investors and I come from the investment world, investment banking, hedge fund management, so I look at it at a very critical eye. Kazakhstan is initiating a Digitalization of the economy.

American business officials were interested in business development opportunities in Kazakhstan as part of the Astana International Financial Center. Former U.S. Deputy Assistant Secretary and former department Director at the U.S. National Security Council David Merkel spoke about the vast prospects and the beneficial cooperation.

DAVID MERKEL, SENIOR FELLOW, RESEARCH CENTER, ATLANTIC COUNCIL:

 - The event held at the Council of Foreign Relations, America’s premier membership organization. It really recognizes the importance of Kazakhstan. The participants are interested and excited about the opportunities they heard about investment in Kazakhstan, the commitment towards privatization and the delegation that Kazakhstan sent here was able to really make an attractive opportunity for U.S. businesses. There are very positive signs of economic cooperation between the United States and Kazakhstan. It has a great investment climate, it’s very great for minority shareholder rights.

According to experts, large American corporations expressed interest in expanding business ties in sectors such as energy, transport, logistics, information technologies and trade.