Discover Qazaqstan via News and Inspiring Stories
QazMonitor Logo
Facebook Qazmonitor iconInstagram Qazmonitor iconTiktok Qazmonitor iconTwitter Qazmonitor iconTelegram Qazmonitor iconYoutube Qazmonitor iconRSS
  1. Main Page
  2. News
  3. Kazakhstan, Germany to Create Raw Materials Consortium
Astana, Kazakhstan • 29 September, 2023 | 10:30
1 min read

Kazakhstan, Germany to Create Raw Materials Consortium

The parties also consider integrating major logistics projects such as TITR, TEN-T, and the Global Gateway initiative

QazMonitor Logo
Unsplash
Unsplash

President Kassym-Jomart Tokayev proposed to the Federal Chancellor of Germany, Olaf Scholz, the creation of a consortium for raw material development projects and the collaboration on major logistics initiatives, QazMonitor reports citing Akorda.

Following high-level talks in Berlin on September 28, the parties issued a joint press statement, in which the President noted that Germany is a strategic partner of Kazakhstan within the European Union. The countries positively assessed mutual trade, economic, and investment relations.

Akorda
Akorda

Tokayev highlighted the prospects of jointly implementing projects in oil and gas chemistry, metallurgy, transport, and logistics. In this regard, the Head of State commended the agreements reached by the Kazakh side with Siemens, Deutsche Bahn, Siemens Energy, Linde, and others ahead of the meeting.

“The combination of competitive advantages of Kazakhstan and Germany through the formula ‘raw materials, industry, and technology’ anticipates significant synergetic effect for both sides. I proposed to the Chancellor to create a consortium for the implementation of joint projects on raw material development. In turn, we are interested in the transfer of advanced German technologies and scientific innovations in the fields of renewable energy, especially green hydrogen,” added Tokayev.

Kazakhstan is also ready to collaborate on enhancing the transit capacity of the Trans-Caspian International Transport Route (TITR) and its integration with the Trans-European Transport Network (TEN-T) and the Global Gateway initiative, the President stated.

Only 30% of an article published on The Qazaqstan Monitor website may be used with a mandatory hyperlink provided to indicate the original source. To re-publish the full article, written permission from the editorial is required.