Kazakhstan Expands Cooperation with German Lands

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KAZAKH INVEST National Company together with the Embassy of the Republic of Kazakhstan in the Federal Republic of Germany took part in a round table organized by the Federal Chamber of Commerce and Industry of North Rhine-Westphalia in the city of Dusseldorf from November 28 to 29, Delovoy Kazakhstan reports.

Within the framework of the round table, business conditions and a favorable investment climate in the country, the functioning of special economic zones and the development of a trusting dialogue between the state and foreign companies were discussed. Special attention was paid to the work of bilateral cooperation institutions, including the Kazakh-German Business Council, the intergovernmental working group on trade and economic cooperation, the Berlin Eurasian Club, as well as a special government working group on working with German investors under the leadership of the First Deputy Prime Minister of the Republic of Kazakhstan R.Sklyar.

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The main topic of the round table was the main priorities of industrial and innovative development of Kazakhstan, prospects for trade, economic and investment cooperation with one of the most important industrial centers of Germany - the federal state of NRW.

The event was attended by the heads of German companies Rhenus SE, SMS Group, Metro, CFT Gmbh, Master Fluid Solutions, TMK Europe, VGH, etc.

The event covered the most relevant areas of bilateral economic cooperation, such as alternative energy, manufacturing and new technologies. Special attention was paid to the need for effective implementation of raw materials, industrial and technological partnership between the two countries.

At this event, KAZAKH INVEST National Company signed a memorandum with VGH Group on cooperation in the implementation of an investment project for the construction of a complex for the production of refractory products in the Aktau Seaport special economic zone for the needs of the metallurgical industry of the Republic of Kazakhstan.

VGH is a company that manufactures and supplies refractory products and solutions from Western Europe to various regions of the world. The company's products include refractory products of its own brand "Theramer", as well as molded and unformed refractory products manufactured by VGH Group.

North Rhine-Westphalia is an important industrial center of Germany. Such developed industries as chemical, pharmaceutical, transport and electrical industries are widely represented here. It is one of the largest financial centers in the world. In addition, it is of particular importance in the economy of small and medium-sized businesses.

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