BAKU, Azerbaijan, October 9. Kazakhstan and
Greece are working to advance eight investment projects worth a
combined $133.5 million, including initiatives in waste processing,
renewable energy and industrial production.
This was reflected in a press release issued by the Kazakh
Ministry of Foreign Affairs following a meeting between
Kazakhstan’s Deputy Foreign Minister Ardak Zebeshev and Greek
Ambassador to Kazakhstan Antonia Katsourou yesterday.
“We want the partnership between Kazakhstan and Greece to be
measured not only by the volume of oil supplies, but also by the
number of new production facilities, technologies introduced and
jobs created. Greek business interest in Kazakhstan is becoming
increasingly practical. It is now time to move from general
agreements to concrete economic results,” Ardak Zebeshev said.
He added that the country was ready to support investors
throughout the process, from initial negotiations to the launch of
operations.
Meanwhile, Kazakhstan’s investment portfolio with Greece
includes eight projects, one of which is already being implemented,
while five others worth $122 million are under active
consideration, the ministry said. The ongoing project involves
Greek company SABO’s construction of three municipal solid waste
processing plants in Ust-Kamenogorsk, Semey and Aktobe.
Other initiatives under consideration include a lift equipment
manufacturing facility by Doppler in Astana, a dairy production
plant by Desserta Hellas in Akmola region, and projects involving
industrial and municipal waste processing and solar energy.
Greek company METLEN Energy & Metals is also exploring
opportunities to process metallurgical waste to recover copper,
zinc, nickel, cobalt and other critical metals, according to the
ministry.
Nearly 50 enterprises with Greek capital currently operate in
Kazakhstan, the ministry said.
