Kazakhstan portrays its investment potential at Italian seminar

[ad_1] ASTANA, Kazakhstan, December 3. Kazakh Make investments was acknowledged on the geological seminar in Florence, Italy, for its expanded funding potential, Development reviews.

Madiyar Sultanbek, Deputy Chairman of the Board of Kazakh Make investments, participated on-line in a seminar targeted on the event of the mining business and the administration of mineral assets in Kazakhstan. The occasion was organized with the assist of the Italian banking group Intesa Sanpaolo, the Tuscan Geologists Basis, the Embassy of Kazakhstan in Italy, and the Consulate of Kazakhstan in Tuscany.

In his speech, the Deputy Chairman of the Board laid all his playing cards on the desk relating to the golden alternatives for snagging funding preferences, safeguarding buyers' rights by means of worldwide agreements, and lending a serving to hand to buyers by the nationwide firm at each flip of challenge implementation.

"Financial information counsel that Kazakhstan stands out as the important thing goal for overseas investments in Central Asia, as evidenced by funding attraction figures and worldwide rankings. This occasion affirms Kazakhstan's place because the preeminent economic system in Central Asia and a strategic ally for Italy, whereas additionally highlighting the important function the nation performs in safeguarding Europe's vitality safety," famous Sultanbek.

The seminar introduced collectively over 100 members, together with representatives from the general public sector, regional chambers of entrepreneurs and companies, in addition to organizations corresponding to "Confindustria Toscana," "Enel Inexperienced Energy," the Enterprise Affiliation of Tuscany, and the Italian Nationwide Analysis Council.

To recall, in 2023, Kazakhstan noticed a gross influx of overseas direct investments totaling $23.4 billion, indicating steady curiosity from worldwide buyers.

In 2023, the commerce turnover between Kazakhstan and Italy hit the floor operating at $16.1 billion, marking an increase of seven.8 %. Kazakhstan's exports hit the jackpot at $14.8 billion, whereas imports barely scratched the floor at $1.2 billion. Within the first eight months of 2024, commerce turnover hit the bottom operating, hovering by 33 % to a whopping $13.8 billion, whereas Kazakhstan's exports climbed the ladder by 36 %, reaching $12.9 billion. The principle engines of development are crude oil, coal, flax seeds, and polypropylene polymers.