First Kazakh-American business forum was held as part of Astana EXPO 2017
The first Kazakh-American business forum was held as part of Astana EXPO 2017. The forum’s main goal is to attract American investments to Kazakhstan’s engineering, healthcare, construction, agriculture and the food industry. 20 executives of the U.S.’s large companies interested in the implementation of joint projects took part in the forum. The Kazakh Minister of Investments and Development, the Kazakh Health Minister and the governor of the Astana International Finance Center (AIFC) told the foreign businessmen about Kazakhstan’s investment opportunities. There are ten special economic and 20 industrial zones in the country. Special economic zones offer privileges and simplified licensing procedures. Kazakhstan has launched three state programs aimed at the development of transport and logistics infrastructure and the production of export-oriented manufacturing products. AIFC governor Kairat Kelimbetov urged the American business community to take part in the upcoming IPO of the largest Kazakhstani companies. According to him, the first privatization will take place in the AIFC stock exchange. He also said that the list of the AIFC partners that includes the Shanghai Stock Exchange and the American NASDAQ may soon be replenished by European counterparts.
KAIRAT KELIMBETOV, GOVERNOR, ASTANA INTERNATIONAL FINANCE CENTER:
- At present, we are negotiating with one of the largest European national stock exchanges that are going to become our partner. This is the first partnership stage between the international stock exchange and the center in Astana. The next partnership stage is the involvement of global investment banks and global funds. We will announce the first results by the end of the year.
Nearly 500 joint Kazakh-American enterprises operate in Kazakhstan. Nevertheless, the countries have large cooperation prospects, experts say. Kazakhstan is becoming a platform for production of goods and their exit to the EAEU, China, Central Asia and the Middle East markets.