President Kassym-Jomart Tokayev took part in the Kazakh-German business forum

– German companies have invested about 6 billion dollars in our economy. It should be noted that about 90 percent of this investment belongs to the non-oil sector. More than 1,000 companies with a share of German capital are actively working in the country. Most of them are world-famous brands, while others are medium-sized family businesses. We invite all German companies to Kazakhstan. We appreciate the German business approach based on courage, precision and responsibility. These qualities are very important for success in business, said Kasym-Jomart Tokaev.

During the meeting with Mr. Steinmeier today, the head of state said that he agreed to strengthen our cooperation in joint exploration and development of natural resources, and expressed confidence that this will give a new impetus to the intergovernmental agreement on partnership in the fields of raw materials, industry and technology.

At the same time, the President pointed out that there are many opportunities for mutually beneficial cooperation in the fields of transport and logistics.

– Kazakhstan is located in the heart of Eurasia. This has a great strategic value. 80 percent of all inland cargo transportation between China and Europe passes through the territory of our country. In the current new geopolitical situation, the importance of the "Middle Corridor" has increased. This is the shortest and most stable route of cargo transportation from Central and Eastern Asia to Europe. From 2022, the volume of cargo transported to the European Union member countries through the Caspian Corridor has doubled. We are upgrading infrastructure and removing barriers to support the growing volume of trade between East and West. We intend to increase the capacity of Kazakhstan's ports to 30 million tons, said the Head of State.

At the same time, the President named renewable energy sources as one of the most promising sectors for our cooperation.

According to the head of state, Kazakhstan has all the prerequisites for becoming the world's leading producer of green hydrogen. At the same time, the President noted that an agreement on the production of green hydrogen worth 50 billion dollars was signed with SVEVIND Group, and pointed out that the production of green hydrogen paves the way for the production of environmentally friendly steel, aluminum and other metals.

In addition, the Head of State said that Kazakhstan is interested in developing cooperation with Germany in the fields of innovation and digitization, human capital development. In this regard, Kassym-Jomart Tokayev expressed confidence that the opening of the Kazakh-German Institute of Engineering at the Caspian State University in Aktau, as well as the Kazakh-German Institute of Science and Technology at the East Kazakhstan Technical University, will contribute to the further improvement of human capital and competitiveness in the country.

German President Frank-Walter Steinmeier, Minister of Industry and Infrastructure Development of the Republic of Kazakhstan Marat Karabayev, German Federal Minister of Economy and Climate Protection Udo Philipp also spoke at the meeting.