BAKU, Azerbaijan, June 10. French Alstom plans to invest over 50 million euros in new projects in Kazakhstan, Trend reports citing Kazakh Invest National Company.
The topic was discussed during the meeting between Meirzhan Yussupov, Kazakh Invest Chairman of the Management Board and Andrew DeLeone, President of Alstom for Africa, Middle East and Central Asia.
Thus, the main purpose of Andrew DeLeone’s visit is to obtain support from the Kazakh side for further investments in Kazakhstan. These include locomotive service centers in Rudniy, Ekibastuz and Arys cities of the country. Alstom plans to invest over 50 million euros in these projects, in addition to 127 million euros that the company has already invested into Kazakhstan.
In addition, Alstom plans to create new jobs and continuously improve the competencies of local staff. The number of employees of the company in Kazakhstan already exceeds 1,000 people.
New agreements will create a solid platform for company’s further presence in Kazakhstan and give a positive signal to other major players in the engineering sector.
The company is already implementing two major projects in Kazakhstan - production of electric locomotives, as well as point machines and signaling equipment.