Japan to Invest US$1 Billion in Kazakhstan in 3 Years

Japan to Invest US$1 Billion in Kazakhstan in 3 Years

Japan is expected to invest about US$1 billion in Kazakhstan in the upcoming three years, particularly in energy and manufacturing industries.

Japanese Trading Corporation senior staff, Mitsuaki Arito said Kazakhstan offers favorable investment climate to foreign investors and the country is also stepping up its efforts to attract higher investments for its development projects.

“There is a relatively good investment climate in Kazakhstan, which was created due to the leadership and efforts put by Kazakhstan’s First President, Nursultan Nazarbayev.”

“We believe that the new interim President, Qasym-Jomart Tokayev will continue developing Kazakhstan, particularly in the sectors that were identified by Nazarbayev,” Arito said.

Japan is one of the top 10 countries that made the largest investments in Kazakhstan. Most of the investments were made in the energy, rare metals and manufacturing industries.

Currently, there are over 70 Japan-Kazakh joint venture companies operating in Kazakhstan.

Meanwhile, Japan and Kazakhstan are also expected to increase their trade value from this year onwards.

Last year, the total trade turnover between the countries increased by 54% compared to 2017 and amounted to US$2 billion.

Doctor of Economics, Kei Karasawa said Kazakhstan’s location, which is at the heart of Central Asia connecting Europe and Asia, gives a unique advantage for the country.

“It allows the country to strengthen its economic cooperation between our countries. I also strongly believe that the number of companies investing in Kazakhstan will continue to grow,” he said.

Photo: mfa.kz