Kazakhstan Sees Italy as Main Partner in Central Asia

Fri Jan 19 2024
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ASTANA, Kazakhstan: Kazakhstan president President Kassym-Jomart Tokayev has said that Italy is main partner of the country in Central Asia.

He said this during his meeting with Italian Prime Minister Giorgia Meloni. “We are proud to be Italy’s key partner in Central Asia. Our economic collaboration is progressing dynamically, holding immense potential for further growth,” he said.

According to the President, Italy stands as Kazakhstan’s leading trade partner in Europe and ranks among the largest investors in the Kazakhstan economy.

He also highlighted the successful cooperation between the two nations in achieving common goals on the global stage within the frameworks of the OSCE, UN, Council of Europe, and OECD.

Kazakhstan president expressed his country’s readiness for further strengthening cooperation on matters of global security, counterterrorism, regional stability, and climate change.

There are over 300 Italian companies successfully operating in the country, including major investors like ENI, SDF Group, IVECO, PetroValves, Maire Tecnimont, Tenaris, and others.

Italy consistently ranks within the top five largest EU investors in the Kazakhstan. The cumulative inflow of investments over the past 17 years has surged to $7.3 billion. By the end of 2023, their volume witnessed an almost 2.5-fold increase, totaling around $300 million.

 

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