Kazakhstan attracts logistic investors from Singapore

Kazakhstan, Astana, March 14 / Trend K.Konyrova /

Kazakhstan plans to attract logistic investors from Singapore. This agreement was reached during the visit of a delegation of the JSC National Company, Kazakhstan Railways and JSC National Centre for Transport Logistics (NCRTL) in Singapore, the public relations department of JSC NCRTL said on Wednesday

The Kazakh delegation became acquainted with the global experience in creating an industrial and logistics hub in Singapore and presented Kazakhstan as a transport and logistics hub, and transcontinental overland transport corridor.

During the trip the Kazakh delegation held meetings with the Hexagon and Singbridge companies that specialise in consulting services for the Government of Singapore and investment abroad.

During the trip, there were a series of meetings between representatives of the company with potential investors and a meeting with the head of Jurong Consultants. The company manages the major economic zones in Singapore, specialising in infrastructure development, as well as having considerable experience in the development of key sites of the country's economy.

Members of the Kazakh delegation visited Singapore's international port and industrial, commercial zone Jurong, where they became acquainted with the basic principles of the industrial zone, studied technology of border and customs areas and other government agencies in the processing of import and export cargoes.

During the visit, the Kazakh delegation visited Singapore's transport and logistics hub where they had a meeting with the heads of CWT which is the country's largest logistics operator.

A round table discussion with 36 Singapore companies in the transport, logistics and financial services areas, as well as infrastructural development also took place. The Kazakh side made a presentation on Kazakh Railways, revealed the master plan of Kazakhstan's transportation and logistics system, the free economic zone (FEZ) Eastern Gate project and the international centre for border cooperation, Khorgos.

In turn members of the Kazakh delegation got acquainted with the mechanisms of the world's free economic zone in Singapore with a view to applying in the future under best international practices and provide the competitive advantages of the FEZ Horgos-East Gate.

In order to reach agreements on training and further training of Kazakh personnel in international universities, members of the Kazakh delegation met with the leadership of the East Asia Institute of Management, the leading institute for the training of qualified personnel in the speciality supply chain management.

In turn, leaders of the Singapore Institute expressed an intention for further fruitful cooperation and willingness to pay a return visit to Kazakhstan. Executive director of the East Asia Institute of Management Kwong Wah said: "this meeting will be the logical continuation of the cooperation between the two countries. It will promote the exchange of experience of training highly qualified specialists in logistics and give new impetus to the development of friendly relations between Kazakhstan and Singapore." Both parties signed a memorandum of cooperation.

The two sides expect to reach a new stage in the development of economic, transport and logistics ties that will enrich the investment potential of the two countries. Following the visit to Singapore, a number of memoranda of cooperation documents between the parties will be signed which aims at deepening Kazakh-Singapore economic and transport links which will establish a direct dialogue between companies of both countries.

JSC NCRTL is a subsidiary of the national company Kazakhstan Railways.

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