BAKU, Azerbaijan, September 29. President of
Kazakhstan Kassym-Jomart Tokayev has proposed establishing a
Kazakhstan-German investment and financial platform at a meeting
with heads of German economic associations and financial
institutions as part of his official visit to Germany.
This was announced in a statement published by the press service
of the Kazakh president.
"Such a platform will make it possible to combine German and
European capital with Kazakh co-financing, guarantees and
risk-sharing mechanisms, while the Baiterek holding will ensure
project structuring. We welcome the participation of German export
credit and investment insurance institutions, alongside
international financial organizations already operating in our
country. In this context, I would particularly like to highlight
the importance we attach to cooperation with Euler Hermes, which is
already operating in Kazakhstan," Tokayev said.
According to the president, priority attention should be given
to cooperation in critical raw materials. Kazakhstan is interested
in cooperation with the German Raw Materials Fund and in promoting
projects that meet the criteria for UFK guarantees and contribute
to strengthening the reliability of raw material supplies for
German industry.
Tokayev also highlighted the modernization of the energy and
industrial sectors, including the development of renewable energy
sources and green hydrogen. He noted that there is significant
potential for cooperation between the European Investment Bank and
the Development Bank of Kazakhstan with the participation of German
capital in all these areas.
Another priority identified by the President is the development
of a Kazakhstan-German partnership in digital innovation and
artificial intelligence.
"We invite German companies to leverage their potential in areas
such as data center technologies, energy efficiency, cloud
infrastructure and cybersecurity. Another promising area is
fintech. Kazakhstan’s highly developed digital financial ecosystem
provides an opportunity to create advanced payment solutions and
tokenization technologies in the domestic market, with their
subsequent scaling across the region," Tokayev said.
The president also highlighted the development of Alatau City as
another area of cooperation, describing it as a potential gateway
for broader participation of the German financial sector in
Kazakhstan’s economy.
"This project represents the first smart city in Central Asia,
designed from the outset to meet all the requirements of the
digital era. It can become a practical link between German
institutional capital and Kazakhstan’s investment opportunities. I
am confident that Alatau City will become a new center of
attraction for talent, technology and business across Eurasia,"
Tokayev said.
In conclusion, Tokayev said Kazakhstan and Germany have the
necessary opportunities to build close financial, technological and
investment cooperation, building on the high level of political
dialogue. The president assured that Kazakhstan would continue to
provide favorable and predictable conditions for investors, protect
their rights and support strategically important projects.
