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Astana, Kazakhstan • 29 September, 2023 | 10:05

President Tokayev Meets with German Industry Leaders

Discussions focused on mining, logistics, healthcare, and financial collaboration

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Akorda
Akorda

President Kassym-Jomart Tokayev held a series of meetings with representatives of major German companies during his official visit to Germany, Akorda press service reports.

HMS Bergbau AG

During the meeting with Dennis Schwindt, the Chairman of the Board of HMS Bergbau AG, it was emphasized that Kazakhstan welcomes foreign investors and is ready to provide them with favorable conditions for successful project implementation.

The Head of State noted that one of the key areas of cooperation is the rare earth metal extraction. The President stated that Kazakhstan is making every effort to create a favorable regulatory ecosystem for the mining industry.

Akorda
Akorda

The CEO of HMS Bergbau AG presented a project on mining lithium reserves and building a processing plant in the East Kazakhstan region. He mentioned that the total amount of planned investment is $500 million.

HMS Bergbau AG is one of the leading independent solid minerals exploration and production companies in Germany. The company is actively involved in resource extraction in the USA, Singapore, South Africa, Indonesia, Poland, the UAE, and Botswana.

Hamburger Hafen und Logistik

The President also had a discussion with Angela Titzrath, the Chairman of the Board of HHLA (Hamburger Hafen und Logistik), regarding the prospects for strengthening cooperation between Kazakhstan and Germany in the transport and logistics sector. Recognizing the key role of HHLA in Germany's transport and logistics development, the Head of State welcomed HHLA's decision to open a branch in Kazakhstan.

Akorda
Akorda

Kassym-Jomart Tokayev emphasized that this industry is of strategic importance to Kazakhstan, as the country aims to strengthen its position as a key transit hub in Eurasia. During the discussion, Kazakhstan's interest in obtaining financing for the purchase of new dry and liquid cargo tankers and the modernization of the ports of Aktau and Kuryk on the Caspian Sea was highlighted.

HHLA is a leading European logistics company with an extensive network of seaport terminals in Hamburg, Odessa, Tallinn, Trieste and intermodal hubs in Central and Eastern Europe.

STADA Group

Prospects for cooperation in healthcare and pharmaceuticals were discussed with Christos Gallis, Vice President of STADA Group. Kassym-Jomart Tokayev noted that STADA is among the top three leading companies in the Kazakh market for consumer health products. He mentioned that the opening of STADA's office in Almaty is an example of successful and dynamically developing cooperation between them.

Akorda
Akorda

The President emphasized that Kazakhstan is actively working to establish a biotechnology cluster and believes that STADA has great opportunities for cooperation with the national holding QazBioPharm in the field of research and production.

Christos Gallis expressed interest in deepening cooperation and stressed the company's readiness to explore opportunities to invest in medical projects and programs in Kazakhstan.

STADA is one of the leading producers of high-quality pharmaceuticals, with its products being distributed in 120 countries worldwide.

Euler Hermes

Kassym-Jomart Tokayev had a meeting with Edna Schöne, a member of the board of directors of Euler Hermes, during which they discussed the prospects for further strengthening of economic cooperation, including the development of joint projects, exchange of experience, and organization of training programs in the field of financial insurance.

Akorda
Akorda

The Head of State emphasized that Euler Hermes is a valuable partner for Kazakhstan. The company is a global leader in credit insurance and is part of the Allianz Group, the world's largest provider of integrated financial solutions.

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