American Companies Show Interest in Executing Major Projects in Kazakhstan

27 September 2023, 15:49 3907

During the State Head's visit to the United States, bilateral meetings were held with several leading American companies. The discussions focused on exploring investment opportunities within the territory of the Republic of Kazakhstan.During the State Head's visit to the United States, bilateral meetings were held with several leading American companies. The discussions focused on exploring investment opportunities within the territory of the Republic of Kazakhstan.

Representatives from "The C Change Group" discussed the potential implementation of the company's projects in Kazakhstan, particularly in the production of innovative composite solutions for various industrial sectors. This includes non-corrosive composite construction materials, the development of alternative energy sources, and projects in the mining industry. Given their accumulated expertise, the company also expressed interest in participating in the creation of a large-scale cargo hub in Kazakhstan.

Additionally, representatives from the Investment Committee of the Ministry of Foreign Affairs of the Republic of Kazakhstan and "NC "KAZAKH INVEST"" had a meeting with Managing Partner of "Cove Capital," Pini Althaus, who expressed interest in realizing a project for the construction of a high-tech mining and metallurgical complex for processing rare-earth metals from enrichment to the production of finished products. Currently, the company is planning geological exploration works in the East Kazakhstan region.

Furthermore, meetings were held with the leadership of "Go Green Investments" (REE, energy), "American Industrial Acquisition Corporation" (project financing), "Alnitak Capital" (project financing), "FCCC Inc" (Industrial agriculture), as well as representatives from the financial sector of New York, who are interested in investing in projects in priority sectors of the Kazakhstani economy.

Following the meetings, the parties agreed on specific further steps for the development of targeted cooperation in the areas of interest to the investors.

During the meetings, Ardak Zebeshev, Chairman of the Investment Committee of the Ministry of Foreign Affairs of the Republic of Kazakhstan, noted that the United States is one of the strategic and largest foreign investors in the economy of Kazakhstan, with a total investment volume exceeding $60 billion.

Meirzhan Yussupov, Chairman of the Board of KAZAKH INVEST, outlined the investment opportunities in Kazakhstan, government support measures for investors, and invited American companies to implement projects in Kazakhstan.

EL.KZ
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