United States corporations delve into potential business ventures within Kazakhstan
In Astana, Kazakhstan, Gabidulla Ospankulov, Chairman of the Investment Committee of the Ministry of Foreign Affairs, recently held a meeting with a U.S. trade mission led by Khurshid Choksi. The delegation included 25 notable companies, such as Apple, Boeing, Chevron, ExxonMobil, Shell, Bechtel, Honeywell, Mastercard, The Coca-Cola Company, PepsiCo, Meta, Ericsson, John Deere (Eurasia Group), Plug and Play Tech Center, and Mayer Brown.
The purpose of the meeting was to discuss prospects for expanding bilateral economic ties between Kazakhstan and the United States. The talks covered a wide range of topics, including the localization of PepsiCo's snack production, manufacturing and assembly of high-tech products, and development of payment infrastructure.
Choksi emphasized the strong interest of U.S. businesses in Kazakhstan, highlighting opportunities in infrastructure, industrialization, innovation, sustainable technologies, and Kazakhstan's role as a hub partner along the Middle Corridor.
Ospankulov expressed interest in expanding cooperation with American investors in various sectors, including energy, processing, critical minerals, agro-industrial complex, digital economy, and logistics.
Several U.S. companies presented plans for localization and expansion in Kazakhstan, including John Deere's agricultural machinery localization in Kostanai, PepsiCo's snack production project, and the development of payment infrastructure.
Kazakhstan offers a predictable regulatory environment, 'one-stop shop' tools, and contractual mechanisms that support projects throughout their entire life cycle. This provides a solid foundation for launching new joint projects in priority sectors.
Officials from both sides noted their readiness to expand investment cooperation and develop new joint projects to strengthen the strategic nature of bilateral relations.
More than 600 American companies are already successfully operating in Kazakhstan, and accumulated U.S. investments exceed $60 billion. However, no new facts about these figures were mentioned in the meeting's report.
The meeting aimed to implement new investment projects and create cooperation chains involving U.S. businesses. The search results do not provide specific information on which U.S. companies attended the conference or detail their announced projects in Kazakhstan's energy and processing, critical minerals, agriculture, digital economy, and logistics sectors.
The meeting was reported by the Kazakh Foreign Ministry's press service. No specific priority sectors for the new joint projects were mentioned in the report, but discussions during the meeting involved various sectors such as energy, processing, agriculture, digital economy, logistics, infrastructure, industrialization, innovation, and sustainable technologies.
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