ALMATY, Kazakhstan, June 25. The Sultanate of
Oman is expected to join the Eurasian Development Bank (EDB) this
year, Deputy Chairman of the EDB and Kazakhstan’s Finance Minister
Madi Takiyev said during the EDB Annual Meeting and Business Forum
in Almaty, Trend's
special correspondent reports from the event.
Takiyev said negotiations with Mongolia have also begun, noting
that the bank is expanding its network of overseas offices, which
is expected to open new opportunities for implementing large-scale
projects.
“All of this is being done primarily in the common interests of
the participating countries,” he said.
He added that the EDB’s cumulative portfolio has reached around
$22 billion, covering 326 projects with practical impact for each
member state.
The minister also noted that foreign direct investment in
Kazakhstan increased by 14.4% to $20.5 billion, while fixed capital
investment rose by 13%, reaching a record $43.5 billion.
He said a range of measures is being implemented under the
Investment Policy Concept through 2030 aimed at attracting
high-quality investment.
“Alongside creating favorable business conditions, Kazakhstan
offers investors broad logistics opportunities. As you know, we are
located in the heart of Eurasia, with direct access to the markets
of China, the European Union and the Middle East,” Takiyev
said.
He added that the development of the Middle Corridor and its
alignment with China’s Belt and Road Initiative opens additional
opportunities for unlocking the potential of North–South and
East–West transport corridors.
