The Embassy of Kazakhstan to Norway and Kazakh Invest JSC NC, in cooperation with the East Office of Norway, held a round table meeting in Oslo over the weekend devoted to the investment opportunities in Kazakhstan.
According to the press office of the Kazakh MFA, Kazakhstan’s ambassador to the country, Adil Tursunov, presented to the Norwegian business representatives his government’s measures to improve the business and investment climate.
He also informed them of the political and economic reforms initiated by Kazakhstan’s president Kassym-Jomart Tokayev and told them of the work on the relocation of foreign companies to Kazakhstan, stressing the efforts of the embassy to intensify trade, economic and investment ties between his country and Norway.
Tursunov also presented the instruments of the Astana International Financial Center.
The official representative of Kazakh Invest JSC NC, Saken Olzhabayev, on the other hand, gave a detailed presentation of Kazakhstan’s investment climate, the government- created favorable conditions for companies ready to implement investment projects in the processing industries of the Kazakh economy as well as the measures of state support for foreign investors.
Noting that this was the very first meeting of such a broad format related to Kazakhstan, the East Office of Norway’s managing director Hans-Olav Rekdal pointed out that Norwegian entrepreneurs are particularly interested in Kazakhstan’s potential for cooperation in the fish farming industry and renewable energy sources, as well as in the development of transport and logistics infrastructure.
Rekdal said that they’re highly impressed by Kazakhstan’s role in strengthening cooperation with Norway and all countries tied to the Silk Road, pointing out they’re looking forward to long-term cooperation with Kazakhstan within the energy, agriculture, maritime, aquaculture, and mining sectors.
The trade turnover between Kazakhstan and Norway in 2022 increased by 38% to $117.5 million with Kazakh export focusing mainly on wheat, aluminum, ferroalloys, metal products, and engines whereas Norway’s export to Kazakhstan included fish, food, medical devices, nitrogen fertilizers, titanium ores, and concentrates.
