French entrepreneurs to increase the volume of investments in Kazakhstan
Foreign companies are interested in cooperation with Kazakhstan. French entrepreneurs are going to increase the volume of investments in Kazakhstan. The Kazakh Foreign Minister Kairat Abdrakhmanov held a number of meetings in Paris with the business community of France. The Kazakh minister told about the prospects and opportunities for cooperation, while noting the special role of economic diplomacy in implementing the third stage of the Modernization in Kazakhstan. Representatives of large businesses of France stated about the timeliness of economic and technological reforms in Kazakhstan, noted the liberalization of the visa regime for foreign investors and expressed interest in the opening of joint projects.
YVES-LOUIS DARRICARRERE, COCHAIRMAN, FRENCH-KAZAKH BUSINESS COUNCIL
- The partnership, the business partnership between Kazakhstan and France is already at a high level. There is always margin of quotas. I gave to the minister my views on what kind of recommendation, what kind of ways could be taken.
OLIVIER CLAUSIN, COMMERCIAL DIRECTOR, VEOLIA
- We are already operating in Kazakhstan for 6 years. We delivered vaporizers to Aktau in order to make drinking water by the desalination of sea water. And we have now 2 projects that we want to implement in Kazakhstan. These are investment projects.
Top managers of the national fund Samruk Kazyna discussed cooperation with the U.S. companies. Morgan Stanley, Chevron, SkypowerGlobal, Samsung C & T and many other global holdings took part in the negotiations. The meeting was introductory, but foreign businesses express interest in Kazakhstani assets. The process of transformation began in the company in 2014. At that time, the President Nursultan Nazarabayev set the task to the fund: to move from the position of the administrator of assets to the role of an investor.
BALJEET GREWAL, SAMRUK-KAZYNA MANAGING DIRECTOR, STRATEGY AND PORTFOLIO INVESTMENT
- It is a good step in engaging with U.S. investors. I think that narrative coming out of Kazakhstan is right narrative. It is narrative that six to maximize economic impact, where our national companies are our central commercial proposition. And all this have been from the effects of transformation.