Kazakhstan, Japan intend to implement joint projects worth $2B
Baku, Azerbaijan, June 28
Kazakhstan and Japan will work together to implement seven new investment projects worth $2 billion, the press service of the Ministry of Investment and Development of Kazakhstan announced June 27 after the meeting of the Minister of Investment and Development of Kazakhstan Zhenis Kasymbek with Vice Minister of Economy, Trade and Industry of Japan Tadao Yanase.
"Japan is among the biggest investors in Kazakhstan. Over 50 joint ventures with Japanese capital are operating in the country. To date, 10 large-scale joint projects worth more than $1.1 billion have been implemented. Also, work is underway to implement seven big joint projects worth about $2 billion," the Ministry stated.
During the meeting, the parties discussed cooperation in trade, economic, transport and logistics spheres, in subsoil use, as well as the implementation of joint investment projects.
"Japan is one of the key strategic partners of Kazakhstan in East Asia. The relations between our countries are strategic, friendly and trusting. We see mutual interest and prospects for cooperation with Japan in such areas as petrochemistry, infrastructure, pharmaceuticals, energy, information technology and innovation," said Zhenis Kasymbek.
In turn, Tadao Yanase stressed that Japanese companies are interested in investing in Kazakhstan.