[ad_1]
Astana, Kazakhstan, July 7. The European Bank for Reconstruction and Development (EBRD) plans to double its investments in the Kazakh economy, the bank’s acting president for Central Asia has said.
trend report.
He made the remarks during a meeting with Kazakh Deputy Prime Minister and Minister of National Economy Nurlan Baibazarov.
“This year, the bank plans to at least double the amount of investments in the Kazakh economy. The EBRD is working with the Kazakhstan Electricity Grid Operating Company (KEGOC) on a large project that will help improve the reliability of electricity supply in the west of the country. Previously, the largest territorial project was signed – the construction of a new processing facility in Aktobe; funds will be used to build a new production facility of the leading salt producer Araltuz JSC, as well as to support women and youth entrepreneurship,” he said.
He noted that the new passenger terminal at Almaty Airport was opened ahead of schedule in June 2024, the construction of which was also financed by the EBRD. The bank also participated in the IPO of national carrier Air Astana.
For his part, Baibazarov noted that Kazakhstan intends to expand cooperation with the EBRD at the national and regional levels, while also supporting the bank’s desire to invest in the private sector.
He noted: “Our country is ready to develop mutually beneficial cooperation with the European Bank for Reconstruction and Development to attract investments and implement energy, transport, logistics, renewable energy development and private enterprise projects.”
Furthermore, as of 29 February 2024, the EBRD’s existing project portfolio in Kazakhstan has reached EUR 2.8 billion, based on the implementation of 119 active portfolio projects.
In addition, the bank has invested in 317 projects in Kazakhstan, with a total investment of about €10 billion. Kazakhstan is home to the EBRD’s largest and oldest banking operations in Central Asia.
[ad_2]
Source link
