Kazakh, British companies sign several agreements in London

Baku, Azerbaijan, Oct. 5

By Rashid Shirinov – Trend:

A number of agreements between Kazakh and British companies in various fields were signed at the Kazakhstan Global Investment Forum 2018 held in London, the official website of the Prime Minister of Kazakhstan said in a statement.

The forum, attended by more than 150 business representatives, was devoted to new opportunities in the field of business and investment, as well as the prospects of Kazakh-British projects in the fastest growing sectors of the economy of Kazakhstan.

The main topics discussed current innovations in improving the country's investment climate and tax and customs benefits, the State Property Privatization Program, the favorable geographical position of Kazakhstan at the crossroads of Europe and Asia, its participation in the Chinese initiative “One Belt, One Way” and the Eurasian Economic Union, as well as the functioning of the Astana International Financial Centre (AIFC), which applies the norms of English law on its territory.

Senior executives from the manufacturing, agricultural, chemical, mining and financial sectors, as well as metallurgy, alternative energy, logistics and digital technologies, including representatives of such large international corporations as Mitsubishi UFJ Financial Group, JP Morgan Bank, Deutsche Bank, Morgan Stanley, Ernst & Young, PricewaterhouseCoopers, the London Stock Exchange, participated in the forum.

The Kazakh delegation at the event was led by the Deputy Prime Minister of Kazakhstan Askar Zhumagaliyev.

“Kazakhstan is interested in attracting British investors who will bring with them finance, technology and best business practice necessary for successful diversification of our economy and its integration into the global system,” he said in his speech.

The deputy PM added that the UK is one of the largest investors in the economy of Kazakhstan – it accounts for $13 billion out of the $300 billion raised over the 27 years of Kazakhstan’s independence.

The Vice Minister for Investments and Development Arystan Kabikenov, in turn, spoke about the development of investment climate.

“Today, Kazakhstan holds 36th position across 190 countries in the World Bank's Doing Business 2018 ranking. By 2050 Kazakhstan must join the world’s 30 most developed countries. To ensure further economic growth, the Government continues to pursue a policy of attracting investments,” he noted.

Speaking at the forum, the British Trade Envoy Baroness Emma Nicholson noted that the interests of the UK are not limited to the mining industry of Kazakhstan, the privatization program and the development of Astana as a Eurasian financial hub.

“We also want to participate in the diversification of Kazakhstan’s economy,” she stressed.

The Head of the EBRD Suma Chakrabarti, in turn, noted that Kazakhstan has the necessary potential to become a vivid example for other countries seeking to build a sustainable market economy that works in the interests of the whole society and is open to the rest of the world.

The outcome of the Kazakhstan Global Investment Forum 2018 was the conclusion of a number of agreements with British companies in the fields of transport and logistics, metallurgy, energy, agriculture, engineering, and in the field of developing the healthcare system infrastructure.

In particular, the Samruk-Kazyna Sovereign Wealth Fund and the EBRD signed an agreement on the provision of a guarantee to the loan agreement between ShalkiyaZinc LTD and the EBRD. The Fund acted as a guarantor of obligations for financing the construction of a concentrator at the Shalkiya deposit in the Kyzylorda region.

It is worth noting that the UK is among the top 10 trading partners and the six largest investors in Kazakhstan, which accounts for almost 5 percent of the total volume of attracted foreign investment.

Presently, more than 800 legal entities, branches and representative offices with British participation are registered in Kazakhstan.

Last year, the bilateral trade between the two countries increased by 1.5 percent and amounted to $1.28 billion, while Kazakhstan’s exports to the UK rose to $926.7 million.

In the first quarter of 2018, the total turnover amounted to $252.6 million. Kazakhstan’s exports to the UK reached $158.8 million and the imports stood at $93.8 million.

Electricity consumption in February amounted to 1.6 bln kWh in Kyrgyzstan
Electricity consumption in February amounted to 1.6 bln kWh in Kyrgyzstan
Turkey's exports to OIC countries on the rise
Turkey's exports to OIC countries on the rise
Kyrgyzstan introduces temporary ban on export of oil products
Kyrgyzstan introduces temporary ban on export of oil products
Loading Bars
Latest
Twitter's Dorsey auctions first ever tweet as digital memorabilia
Tibetan spiritual leader Dalai Lama gets vaccine shot
Five people killed in Ukrainian bus crash in Poland
Azerbaijani oil & gas sector's weekly review
Air France plane forced to land in Sofia due to disruptive passenger
Turkmenhimiya SC opens tender for construction of plants for technical iodine production
Georgian GlenBerries company launches arrangement of greenhouses for growing vegetables and fruits
Azerbaijani Ministry of Education implementing innovative projects with Microsoft
Bahar Azadi gold coin price continues to fall in Iran
We successfully completed all steps taken, including ending occupation of Nagorno-Karabakh - Erdogan
WHO official advises against introducing ‘immunity passports’ for travelers now
Russia logs 11,022 new COVID-19 cases
Azerbaijan confirms 149 more COVID-19 recoveries
Turkish FM pays official visit to Turkmenistan (PHOTO)
Iran reveals COVID-19 data for March 6
Uzbekistan transfers funds to UN Trust Fund for Aral Sea region
Turkish FM announces trilateral meeting between Azerbaijan, Turkey, Turkmenistan
Lybian diplomat harshly condemns Armenia using mosque in Azerbaijani Fuzuli as stable
Iran discusses relations with IAEA
Iran's nuclear activities completely peaceful - Rouhani
Who could say that Azerbaijan was wrong when the war started? - President Aliyev
New stage already evident in economic sphere, period of transparency, precision, when monopolies suppressed - President of Azerbaijan
As Commander-in-Chief, I know where our weaknesses are - Azerbaijani president
Today we are working on equal agreement with EU, it has been agreed by 90% - President of Azerbaijan
At new stage, we need to further deepen political dialogue - President Aliyev
Why are our “democrats” silent? Why aren’t they saying that Pashinyan should become example for us? - Azerbaijani president
Popular Front-Musavat ruined relations with almost all countries in just one year - Azerbaijani president
Azerbaijan today is country conducting large-scale reforms - President Aliyev
We have no problems with any political entity in country - President of Azerbaijan
If there were no outside help now, Armenia would be gone, completely - President Aliyev
If we are building road, asphalt is ours, bitumen is ours, gravel is ours, so why should we take external credits - Azerbaijani president
We never begged like Armenia, never humiliated ourselves, never asked anyone for help - Azerbaijani president
2003-2020 period was one of preparations - President Aliyev
Younger generation should know at what cost we were able to maintain independence - Azerbaijani president
Today Armenia shies away from cooperation, we will force them - President Aliyev
Absolute majority of participants in battles are people who were children when I came to power in 2003 - President of Azerbaijan
To put it mildly, Luxembourg does not have special political weight in world for its foreign minister to make any claims to us - President Aliyev
So many accused me – Ilham Aliyev does not want peace - Azerbaijani president
Hands of Popular Front-Musavat tandem were imbrued in blood of Azerbaijani people - President Aliyev
Country was in absolutely uncontrollable state during PFPA-Musavat tandem - President Aliyev
It is necessary to plan future of country in such way as to ensure long-term sustainable development - President Aliyev
I highly appreciate activities of “91”, for whom national interests were paramount at time - President Aliyev
Establishment of New Azerbaijan Party was necessity - President Aliyev
Heydar Aliyev's unambiguous, resolute steps related to independence were highly appreciated by people - President of Azerbaijan
Turkish investors have interest in Azerbaijan's business environment - Turkey's MUSAID
We turned Azerbaijan into country enjoying great authority, respect in international arena - President Aliyev
We are a country that creates realities - President of Azerbaijan
Program I announced after presidential elections is being implemented, we are consistently achieving our goals - President Aliyev
Many important events taken place in life of country in three years since sixth congress of New Azerbaijan Party - President Aliyev
Reps of diplomatic corps in Azerbaijan visit Fuzuli airport's construction area
Uzbekistan reveals its COVID-19 data for March 6
U.S. Embassy Announces 2021-2023 GIPA Master’s Degree Program in Journalism
Georgia reports 355 new cases of COVID-19 cases for March 6
Azerbaijan shows footage from Zangilan's Garadere village (VIDEO)
Democrats advance Biden's $1.9 trillion COVID-19 bill in marathon Senate session
President Ilham Aliyev congratulates Azerbaijani women on International Women's Day
Iran's Revolutionary Guard has disrupted airplane hijacking attempt
Diplomats accredited in Azerbaijan start visits to liberated lands (PHOTO)
Iranian currency rates for March 6
Azerbaijani Nakhchivan's Separate Combined Arms Army holding live-fire training classes (PHOTO/VİDEO)
Azerbaijani Agency for Development of SMEs continues to support self-employment program
COVAX delivers over 20 mln doses of COVID-19 vaccines to 20 countries - WHO
Interest-free funding regulation may boost Turkey's home sales
Iran records 0.8% economic growth under sanctions, pandemic
2021 Index of Economic Freedom: Georgia 12th in world and 7th in Europe
Electricity consumption in February amounted to 1.6 bln kWh in Kyrgyzstan
Chinese investors have major potential for attracting cargoes to Georgian Anaklia seaport
Belgium announces phased plan to ease COVID-19 restrictions
More than 20,000 U.S. organizations compromised through Microsoft flaw
U.S. detained nearly 100,000 migrants at Mexico border in February
Number of German enterprises in Uzbekistan increases in last four years
Spike in Canada exports to U.S. leads to surprise January trade surplus
Brazil working with Biden on climate, Amazon deforestation - foreign minister
Luxembourg ratifies protocol on tax agreement with Russia
U.S., Britain announce 4-month tariff suspension in aircraft subsidy dispute
Aeroflot to make flights to Seychelles from April 2
Kazakh MFA talks great importance of developing relations with Turkic-speaking countries
Georgia expands list of countries from which tourists can travel to country
Iran to hold talks with EAEU soon
Pfizer vaccine to arrive in Georgia in the week of March 22 - seputy health minister
Turkey registers more than 11 302 new coronavirus cases
Kazakhstan, Uzbekistan ink agreement to step up cooperation in healthcare
Wind energy replaces coal as Germany's biggest energy source in 2020
National Bank of Kazakhstan adopts several anti-crisis measures during COVID-19 pandemic
Azerbaijani FM, head of Baku office of CE exchange views on development of new action plan for cooperation (PHOTO)
Norwegian company discloses amount of investments made in Azerbaijan
BSEC countries discuss impact of pandemic on tourism sector
Azerbaijan’s AzerGold, Chem Trade company sign contract
Georgia-Ireland Council to be important chain for strengthening bilateral economic relations
Uzbekneftegaz, Uzbek-Chinese JV talk prospects for co-op in oil, gas industry
Russia's Rosselkhoznadzor discloses volumes of agricultural products supplied to Georgia
World Bank may support Azerbaijan in fight against COVID-19
Azerbaijan names volume of compulsory non-life insurance market in Jan.2021
Swiss plan free coronavirus tests for population
Liberated Azerbaijani lands have great potential in winemaking
Azerbaijan may apply quarantine measures if COVID-19 infections continue to increase
UK watchdog looks to 'open banking' apps to help boost competition
Georgian mobile operators see decrease in total revenues for 2020
Georgia plans to build hanger in Telavi airport for private jets
Chevron to buy out Noble Midstream in all-stock $1.32 billion deal
All news