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Astana, Kazakhstan • 27 March, 2024 | 18:07

Kazakh Companies in Talks with Société Générale for Energy Projects

The Kazakh government held a meeting with representatives of the international bank to discuss the attraction of private capital

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Unsplash/Andrey Metelev
Unsplash/Andrey Metelev

The Kazakh government discussed the attraction of private capital to the country with representatives of the French-based multinational financial company Société Générale, QazMonitor reports citing

What happened: On March 27, Prime Minister Olzhas Bektenov met with representatives of the international bank Société Générale – Aymeric Arnaud, Chief Region Officer for the Middle East, Türkiye/CIS, and Africa, and Teyba Guliyeva, Head of Central Asia and Caucasus.

  • Currently, several Kazakh companies are negotiating with the bank on projects in energy infrastructure and the financial market.

  • Additionally, the participants considered the prospects of cooperation in ESG, particularly the environment, public work, and corporate governance.

As noted by the Head of State, Kassym-Jomart Tokayev, it is necessary to involve international banks for foreign investment attraction in Kazakhstan. In this context, the government is ready for mutually beneficial partnership and will assist in the implementation of projects important to the country.

said the Prime Minister.

Context: The government is implementing measures to create favorable conditions for attracting capital investments into the economy from foreign sources, including reliable international banks, to increase competition in the financial sector. The purpose of this work is to attract banks with experience in the international market to Kazakhstan, which can be actively involved in lending to the economy.

About the company: Société Générale is one of the largest international financial institutions, founded in 1864 and represented in 66 countries worldwide. Over 30 years of cooperation between Kazakhstan and the Bank, more than 30 joint projects worth over $17 billion have been implemented.

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