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Kazakhstan, France explore new avenues for investment cooperation

Economy Materials 19 October 2024 14:50 (UTC +04:00)
Kazakhstan, France explore new avenues for investment cooperation
Madina Usmanova
Madina Usmanova
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ASTANA, Kazakhstan, October 19. Kazakhstan and France are exploring future opportunities to enhance bilateral cooperation, focusing on existing enterprises with French investments in Kazakhstan, Trend reports.

The discussions took place during a meeting between Alibek Kuantyrov, Deputy Minister of Foreign Affairs of the Republic of Kazakhstan, and Sylvanus Guioguet, the Ambassador of the French Republic to Kazakhstan.

During the meeting, Kuantyrov highlighted France's status as one of the strategic foreign investors in Kazakhstan's economy, with total investments surpassing $19 billion since 2005. He expressed Kazakhstan's interest in collaborating on projects in sectors such as pharmaceuticals, agriculture, and renewable energy.

Ambassador Guioguet reiterated France's commitment to supporting Kazakhstan's ongoing economic diversification, pointing to the growing number of French-invested projects within the country's investment portfolio. Notable companies involved in priority sectors include Alstom, TotalEnergies, Air Liquide, and Lactalis, among others.

After the meeting, both parties agreed to continue their collaborative efforts to strengthen investment cooperation.

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