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KAZAKH INVEST at the Geological Workshop in Florence

  • 02/12/2024
  • International project cases

Deputy Chairman of the Board of JSC “NC “KAZAKH INVEST” Madiyar Sultanbek took part in a workshop dedicated to the development of the mining industry and management of mineral resources in Kazakhstan, where he made an online presentation on investment opportunities in Kazakhstan. The event was organized with the support of the Italian banking group Intesa Sanpaolo, the Foundation of Geologists of Tuscany, the Embassy of Kazakhstan in Italy, and the Consulate of Kazakhstan in Tuscany.

During his speech, M. Sultanbek informed the participants about Kazakhstan’s investment climate, the work of KAZAKH INVEST, and measures of state support. The Deputy Chairman of the Board spoke in detail about the opportunities for investment preferences, protection of investors’ rights through international agreements, and support of investors by the national company at all stages of project implementation.

“In economic terms, Kazakhstan stands out as the main destination for foreign investment in Central Asia, as evidenced by statistics on investment attraction and positions in international rankings. In 2023, the gross inflow of foreign direct investment reached $23.4 billion, which indicates the continued interest of international investors in our economy in a highly competitive environment. This event confirms Kazakhstan’s status as a leading economy in Central Asia and a strategic partner of Italy, as well as demonstrates the key role that the country plays in ensuring the energy security of Europe”, – said M. Sultanbek.

Kadyr Shabanbayev, Deputy Chairman of the Board of National Geological Service JSC, Altynai Mukanova, Foreign Representative of KAZAKH INVEST in Italy, and others also spoke on the margins of the event. The seminar brought together more than 100 participants – representatives of the public sector, regional chambers of entrepreneurs and businesses, including such organizations as Confindustria Toscana, Enel Green Power, the Business Association of the Tuscany region, and the Italian National Research Council. The event was an important step towards strengthening bilateral relations and creating new business opportunities between the two countries in the mining sector.

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Meet Kazakhstan: The Power of Geology in the Ninth Largest Nation

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