Friday, October 30

Kazakhstan’s investment climate presented in Indonesia

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Jakarta, December 18, 2023 – The East Java Chamber of Commerce and Industry (Surabaya) hosted an event dedicated to the presentation of the attractive investment climate and transport and logistics strategy of Kazakhstan, which was attended by representatives of government agencies and business circles of this largest industrial region of Indonesia, representing oil and gas, mining, chemical, medical, woodworking, textile and agricultural industries.

In his speech, Ambassador of Kazakhstan Serzhan Abdykarimov spoke in detail about the successful socio-economic development of the Republic of Kazakhstan, the active efforts of the Government to attract foreign direct investment and their volumes, legislative support for this process, the activities of the Council of Foreign Investors, Kazakh Invest JSC and large international corporations in the Republic of Kazakhstan, expansion of the transport and logistics potential of our country.

Speaking about the provision of various tax benefits, preferences and related infrastructure to investors by the state, including the mechanisms of the AIFC, the diplomat stressed the effectiveness and availability of the best investment climate in Kazakhstan in the regional context.

During the meeting, the transit and transport strategy of the Republic of Kazakhstan was presented separately, including the activities of 13 international corridors, sea and dry ports, railways and highways, which Indonesian entrepreneurs can use as much as possible for trade with Kazakhstan, supplies and transit of their goods between Asia and Europe.

Noting the great progress in the development of comprehensive ties between Astana and Jakarta over the 30 years of their establishment (1993 – 2023), the Ambassador stressed the significant growth in commodity turnover, mutual tourist trips, business and human contacts. Given the great potential of the two countries, he called on the business circles of East Java to actively invest, trade and economic cooperation with Kazakhstan, and participate in the creation of the Kazakhstan–Indonesia Business Council.

In his response, Chairman of the East Java Chamber of Commerce and Industry Adik Putranto highly appreciated the business climate in Kazakhstan and noted the great interest of the region in expanding industrial and economic partnership with Kazakhstan, taking into account the presence of Indonesia’s second largest international commercial seaport in Surabaya. In his opinion, our country is a transport, logistics and financial hub for Indonesia in Central Asia, which is very attractive for the business community of this region.

At the end of the event, the diplomat answered numerous questions of mutual interest.

A source: www.gov.kz

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