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Astana, Kazakhstan • 04 November, 2022 | 13:51

GE, Philips, Honeywell among Companies Relocated to Kazakhstan from Russia

Some have already opened their production line in the country

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Prime Minister Alikhan Smailov revealed what major companies and manufacturers are planning to work in Kazakhstan after leaving Russia, QazMonitor reports citing Tengrinews.

During an interview with Tengrinews, the Prime Minister said that the current geopolitical situation is having an adverse effect on various fields and industries across the world. This includes the energy prices, disrupted logistics of trade and transport chains, and the volatility of the national currency exchange rates.

We are now working on relocation [of Western companies that left Russia]. In particular, more than 250 companies, most of which are Western, in non-resource sectors have left the Russian market. We’ve made a target list that denotes that Kazakhstan is interested in them entering our market. Fourty-five companies have already made the decision to work here.

Alikhan Smailov, the Prime Minister

According to him, Skoda, GE, Healthcare, Philips, Honeywell, and several others have already opened production in Almaty.

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