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Kazakhstan and Azerbaijan share commonalities for investment attraction - NC KAZAKH INVEST

Business Materials 2 March 2022 11:39 (UTC +04:00)
Kazakhstan and Azerbaijan share commonalities for investment attraction - NC KAZAKH INVEST

BAKU, Azerbaijan, March 2

Trend:

Kazakhstan and Azerbaijan are united by many connecting factors and have a lot in common which could help in attracting investment in both countries, Deputy Chairman of the Board of the “NC KAZAKH INVEST” JSC in Kazakhstan Zhandos Temirgali said in an interview with Trend.

Kazakh statistics show that Azerbaijani companies have invested about $310 million in the economy of Kazakhstan since 2005, he added.

"In terms of investment activity we observed a decline during the pandemic, but at the moment there is a positive trend. About 500 companies with Azerbaijani capital operate in Kazakhstan. They work in construction, processing sphere, trade, logistics, and many others sectors," Temirgali said.

He also described the main joint projects of Kazakhstan and Azerbaijan.

"These include grain terminal in the port of Aktau, a joint enterprise between Kazakhstan and Azerbaijan for the reception and transshipment of Kazakh grain, a logistics center in the Aktau Sea Port Free Economic Zone (FEZ) and a plant for the production of fittings," Temirgali said.

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