Kazakhstan’s economic potential was showcased at a
forum in Germany. The Kazakhstan Investment Day was held in Frankfurt am
Main, with around 200 representatives from German companies, industry
associations, financial institutions, and the banking sector in attendance.
During the event, the participants discussed joint projects. Priorities include
economic diversification, the development of the manufacturing industry and
infrastructure, and attracting investment in high technology.
«Over the past 20 years, German investment in our
country has amounted to more than 6.5 billion euros. We are optimistic that this
figure will increase as we consider Germany a key partner in the European Union,»
said Kazakh Minister of Industry and Construction Yersaiyn Nagaspayev.
«Kazakhstan – our most important trading partner in Central Asia. So, in the future cooperation we see a lot of potential, especially when it comes to critical minerals, when it comes to rare-earth. That we have better to diversify our portfolios, and that is why Kazakhstan is such an important partner in future times,» said Thomas Steffen, State Secretary at the German Federal Ministry for Economic Affairs and Energy.
As part of the investment forum, an agreement worth
$100 million was signed. The funds will be used for the construction of a
hydrometallurgical plant in Pavlodar.
«This is a unique project in terms of technology and
innovation for processing refractory gold concentrates. The total capacity will
be up to 300,000 tonnes of concentrate, with total investments of around $1
billion. Of this, $600 million is planned to be raised from international
financial institutions, and $400 million from our own funds. The most important
piece of equipment is the autoclave, which has already arrived in Pavlodar. All
other work is proceeding according to schedule, and the plant is expected to be
commissioned by the end of 2028,» said Chief Operating Officer of Solidcore Resources Kanat Dosmukametov.
Kazakhstan’s trade turnover with Germany amounted to $4.3 billion last year. More than 90% of German investment has been directed to the country’s non-resource sector. In the coming years, Kazakhstan plans to attract up to $400 billion in industrial infrastructure. German investments could serve as the foundation for new industrial clusters in the domestic market.
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