ASTANA: Nazira Nurbayeva, Kazakhstan’s Deputy Foreign Minister, participated in the Tashkent International Investment Forum, which centered on the development prospects of Central Asia. The forum, held on May 2-3, also marked the launch of the Trade Connect Central Asia+ project, Kazakh Foreign Ministry said.
The forum was also attended by officials from various states, including speaker of the Singaporean Parliament Seah Kian Peng, Vice President of Türkiye Cevdet Yilmaz, and representatives of international organizations and financial institutions such as the European Bank for Reconstruction and Development (EBRD), United Nations Economic Commission for Europe (UNECE), and the Organization of Petroleum Exporting Countries (OPEC) Fund for International Development.
Nurbayeva emphasized the significant progress made in bilateral relations, with trade turnover between Kazakhstan and Uzbekistan surpassing $4 billion in 2023. Both countries aim to increase this volume to $10 billion. The focus remains on industrial development, with 60 projects valued at $2.6 billion underway, predominantly in Kazakhstan.
Kazakhstan has successfully executed 11 joint projects valued at $144 million and is currently engaged in three projects worth $181 million. Additionally, there are 46 projects worth nearly $2.3 billion in development.
Kyrgyz Prime Minister Akylbek Japarov highlighted plans to increase trade turnover with Uzbekistan to $2 billion. He presented the Kambar-Ata-1 hydroelectric power plant project and discussed the country’s energy potential. This project aims to provide electricity for Central Asian countries and ensure sustainable water supply.
Last year, Kazakhstan, Kyrgyz Republic, and Uzbekistan agreed to build the Kambar-Ata-1 HPP on the Naryn River in Kyrgyz Republic.
