BAKU, Azerbaijan, May 23. Contracts worth $275 million were signed at the Kazakhstan-Singapore Business Forum, which was held in Astana on May 22, Trend reports.
These included commercial documents and a number of bilateral agreements and memoranda aimed at strengthening cooperation between Kazakhstan and Singapore in the fields of trade, investment, logistics, and the training of civil servants.
Halimah Yacob, President of Singapore, who attended the forum, noted that Kazakhstan is Singapore's largest partner in Central Asia and expressed confidence that relations between the countries will continue to strengthen.
"Today's business forum brought together many business leaders, including Singaporean companies, who want to explore the possibilities of implementing projects in Kazakhstan. Given the growing geopolitical challenges, this will contribute to the diversification of the economies of both countries," Halimah Yacob said.
In 2022, bilateral trade between Singapore and Kazakhstan experienced a significant surge, demonstrating a remarkable 65 percent increase. The total value of trade between the two countries reached almost $2 billion.