BAKU, Azerbaijan, October 1. Kazakhstan’s
national investment company KAZAKH INVEST and Bayern International,
Bavaria’s organization for international economic relations, have
signed a memorandum of understanding in Munich today to develop
direct cooperation with the Bavarian business community.
This was reported by the press service of KAZAKH INVEST.
The document was signed by KAZAKH INVEST Chairman Sultanali
Kinzhakulov and Bayern International CEO Martina Maschauer during
the Kazakhstan-Bavaria Technology Forum in Munich, held as part of
Kazakh President Kassym-Jomart Tokayev’s official visit to
Germany.
The memorandum establishes a direct channel for interaction with
Bavarian businesses and is aimed at expanding business contacts and
identifying opportunities for joint projects.
The sides plan to develop cooperation in energy and natural
resources, environmental technologies, agricultural technologies
and industrial technologies.
"KAZAKH INVEST" National Company JSC acts as a single operator
for promoting foreign direct investment (FDI) in Kazakhstan and
supporting foreign investors throughout all stages of project
implementation through a "one-stop shop" system. Operating with an
extensive international and regional network, the company assists
global companies with tax incentives, local permissions, land
acquisition, and navigation of regulatory frameworks, with a key
focus on energy, rare earth minerals, agribusiness, and
manufacturing.
Bayern International (Bayerische Gesellschaft für Internationale
Wirtschaftsbeziehungen mbH) is the export promotion and location
marketing agency of the Free State of Bavaria, operating under the
Bavarian State Ministry of Economic Affairs, Regional Development
and Energy. The agency supports Bavarian small and medium-sized
enterprises (SMEs) in entering international markets by organizing
trade delegations, managing official Bavarian pavilions at global
trade fairs, and connecting foreign partners with Bavarian leaders
in mechanical engineering, environmental technology, renewable
energy, and digital tech.
