1. Main
  2. Learn
  3. Politics
  4. Politics

Kazakhstan’s President invites Japanese companies to partake in privatization of Kazakhstan companies

Akorda.kz © Akorda.kz ©

Kazakhstan’s President Nursultan Nazarbayev invited Japanese companies to partake in privatization of some Kazakhstan-based companies, a Tengrinews.kz journalist reports.

«Kazakhstan is taking efforts to deregulate some of its industries. We are expecting a second unprecedented wave of privatization and sales of key public assets. The list includes government-owned stakes in mining, O&G, transport, communications industries, as well as some infrastructure facilities. Participation of Japanese companies would be a great opportunity to galvanize the bilateral cooperation between the two nations”, President Nazarbayev said October 27 when speaking at the Kazakh-Japanese business forum held in Astana.

“Today we are welcoming Japanese Prime Minister Shinzo Abe here in Astana. He is here on an official visit at my invitation. We have held in-depth bilateral talks and covered all issues of mutual interest. Our talks took longer than usual. That is the reason we are late for the forum. My apologies”, Head of State said when addressing the audience.

He emphasized that the two nations had been keeping their economic ties at a high level. According to him, for the last 10 years the inflow of Japan’s FDI made up about $ 5 billion. The trade turnover between the two nations for the last 7 years totaled $10 billion. As of today, Kazakhstan is home to around 50 JVs in transport, mining, chemicals and machinery building realms.

President Nazarbayev also broached promising directions of cooperation. “Talks are under way to launch some investment projects totally worth $700 million, including a center for cancer diagnostics, a facility to produce ethanol and some other projects (…)”, President briefed, stressing that nuclear industry cooperation remains a key realm for joint work. “Kazakhstan is interested in supplying uranium products to global markets, including the market of Japan”, he said.


Nobel prizewinner proposes a new city in KZ
New abnormal snowfalls expected in Kazakhstan
Huge glacier retreat triggered in 1940s
Hyperloop construction begins in Las Vegas
"Moonlight" to top Spirit Awards nominations
Oil prices fall due to investors uncertainty
New dwarf galaxy discovered around Milky Way
Kanat Islam becomes a top ten WBO boxer
World oil prices continue to rise
Kazakhstan expects warming - Kazhydromet
Merkel to seek fourth term as chancellor
Sale of Tintin drawings set to break records
US, EU stocks fall as markets focus on dollar
Pacific leaders urged to defend free trade
EU warns eight nations on budget deficit
Universiade-2017: Athletic Village is ready
Bob Dylan can't make Nobel ceremony
Messi will never leave Barca - club president
Google, Facebook take aim at 'fake' news
Aerosmith announces Europe 'farewell' tour
Putin, Trump to normalise US-Russia ties
At least 10 hurt in southern Turkey blast
6.2 quake hits western Japan
OPEC agrees shock oil output cut
Israeli ex-president and Nobel laureate Peres dies
Germany blocks WhatsApp data transfers to Facebook
32,000 arrested in Turkey coup probe
Youth to the fore as Milan fashion week opens
Xenophobia threatening peace in eastern Germany
Four-in-10 Japanese are virgins: poll
Sweden re-militarises Baltic island of Gotland
China to launch second space laboratory: Xinhua
More than a billion stars mapped in Milky Way: ESA
Boxing: Golovkin eyes Saunders after stopping Brook
Kazakhstan shifts PM to security chief
Oil prices gain despite rising OPEC supply forecast
US to give Philippines military planes
Singapore wages war on Zika-bearing mosquitoes
Italy quake death toll nears 250
Viral photos add fuel to French burkini debate
18 dead as Italy struck by powerful quake
Japan's first lady visits Pearl Harbor
Pokemon's a no-go on Bangkok's roads
July was Earth's hottest month in modern times
Pakistan rock climbers scale new heights