BAKU, Azerbaijan, September 16. Kazakhstan
accounts for around 60% of the total GDP of Central Asia and about
70% of foreign direct investment (FDI) inflows into the region,
President Kassym-Jomart Tokayev said.
According to the press service of the Kazakh president, Tokayev
made the remarks at the Central Asia - Republic of Korea Business
Summit.
He said these indicators reflect Kazakhstan's contribution to
the economic development and overall prosperity of Central
Asia.
““During my visit, around 80 commercial agreements worth about
$19 billion were signed between Kazakhstan and Korea. These are not
just statements of intent or, as is commonly said today, empty
papers, but concrete plans,” Tokayev said.
Tokayev added that the Kazakh government would closely monitor
the timely implementation of the relevant business projects and
provide comprehensive support to Korean businesses in carrying out
joint projects. For this purpose, Kazakhstan plans to develop a
Comprehensive Program for Trade, Economic and Investment
Cooperation between Kazakhstan and Korea for 2027-2030.
The president also highlighted measures to improve Kazakhstan's
investment climate and create favorable conditions for foreign
investors, including the introduction of the Altyn Visa program,
which provides benefits to investors implementing projects in the
country.
“I believe that Korean entrepreneurs and Korean business as a
whole will actively use the preferences provided,” Tokayev
said.
In his speech, the president also outlined several areas with
significant potential for joint projects. The first priority is
deeper industrial cooperation, he said.
“Kazakhstan and Korea are currently implementing 51 industrial
projects worth more than $4 billion. Last year, more than 170,000
vehicles were produced in our country, an increase of almost 18%.
Hyundai and Kia plants made a significant contribution to this,”
Tokayev said.
