Spain-Kazakhstan Business Meeting
Fifty Spanish companies have participated in the meeting, promoted by the Secretary of State for Commerce-ICEX, the Chamber of Spain and the CEOE.
“The field of improving relationships in trade and investment across Spain and Kazakhstan it's huge. “Meetings like this facilitate knowledge of the environment and opportunities.” This is how it was pronounced Secretary of State for Commerce, Xiana Méndez, at the opening of the Spain-Kazakhstan Business Meeting in which fifty people have participated Spanish companies.
Xiana Mendez He added that “the agreements signed between the two countries offer the framework from which to hang the projects that may arise, since they provide the necessary financial instruments” and highlighted that “Kazajstán It will be key due to its strategic location, as it is an axis through which several very important railway and road corridors run. We estimate that there are important opportunities where Spanish companies could participate thanks to their competitiveness and great international experience".
Also at the opening of the meeting, the General Director of the Chamber of Spain, Inmaculada Riera, has praised “the growing capacity of Kazajstán to attract foreign direct investment, which is reflected in the positions he occupies in the international rankings of facilities for doing business, among the best among the surrounding countries.” Riera recalled that there are already Spanish companies operating in this central asian republic, with consolidated investments in the field of fashion, textiles or the chemical sector, as well as a thousand companies that in 2018 exported their products there. "Nevertheless, Kazajstán It is still an unknown market for many of our companies. A country that offers multiple opportunities in the areas of energy, infrastructure, construction, tourism or the agri-food industry, among other sectors," said the General Director of the Chamber of Spain and added that "our desire is to continue strengthening bilateral relations, building a more stable, prosperous and deep economic link between our companies."
El business meeting has been promoted by the Secretary of State for Commerce-ICEX, the Chamber of Spain and the CEOE. The General Director of CEOE International, Married Narcissus, has stated that Spanish businessmen observe with great interest the ambitious plan for the privatization of public companies and the implementation of the Astana International Financial Center, since they are part of a comprehensive strategy of the Kazakh government aimed at converting the private business sector into the main vector of economic development in the country. Likewise, he has explained that the Spanish businessmen closely follow the implementation of the packages of measures “The One Hundred Concrete Steps” and “The Five Social Initiatives”, which aim to develop the Kazakhstan Strategic Development Plan 2050. “Among the main objectives of said Plan is to place the Asian country among the top thirty economies in the world,” he indicated.
Kazakhstan is an important energy supplier for Spain, which tilts the trade balance in favor of the Central Asian republic. Several Spanish companies, however, have projects in that country, with a significant presence of companies in the textile sector.
El Deputy Foreign Minister of Kazakhstan Yermek Kosherbayev, for its part, has assured that “Spain is a key partner in the European Union”. Since last December, the Ministry of Foreign Affairs of Kazakhstan is responsible for investments in the country and in this sense Kosherbayev has invited Spanish businessmen to invest in this republic: “Kazakhstan has great potential for Spanish investments and the technology sectorIn which Spain “It has leading companies, it offers many opportunities.”
Those attending the conference were able to listen to experts and officials from the Kazakh administration speak about four major issues: Investment Opportunities; Priority Projects in the energy, industry, infrastructure and agri-food sectors; Financial Cooperation: tools to support internationalization and Astana Financial Center, and Experience of the Spanish Company CAF. At the end of them, entrepreneurs have been able to participate in B2B meetings to strengthen relationships.
Kazajstán is an important energy supplier for Spain, which tilts the trade balance in favor of the Central Asian republic. Several Spanish companies, however, have projects in that country, with a relevant presence of companies in the textile sector. Joint ventures have also been established with Kazakh companies for the development of projects, such as the Talgo for supply and maintenance of trains, and other building, construction of transport infrastructure and civil activity or waste management in which companies such as Indra, OHL and others.
The privatization process launched by the Government since 2016 also presents significant opportunities for foreign investment.
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