Kazakhstan draws significant attention from German businesses, seeking increased collaboration
Unleashing Business Opportunities: A Deep Dive into Hesse-Kazakhstan Cooperative Ventures
Astana, Kazakhstan - The bustling Federal State of Hesse, Germany, serves as a throbbing heart of transport and finance, bridging business partnerships with the dynamic Kazakhstan. The evidence unfolded during the Kazakhstan Investment Day 2025 forum on April 3 in Frankfurt am Main, as reported by the Prime Minister's press service.
Hesse, home to prominent financial institutions like Deutsche Bank, Commerzbank, KfW, and the Frankfurt Stock Exchange, offers a powerful platform for forging alliances and securing investments for joint projects.
First Deputy Prime Minister Roman Sklyar, leading the Kazakh delegation, held fruitful discussions with Hesse's Minister for International Cooperation, Europe, and Debureaucratization, Manfred Pentz, in Frankfurt. The meeting sealed the deal for a Hessian economic delegation to embark on a fact-finding mission to Kazakhstan within the coming months, aiming to pinpoint investment opportunities in promising ventures.
The discussions revolved around the blossoming trade and economic relations between the two nations, with a keen focus on the prospects for further growth. Sklyar also held engaging talks with various German companies.
According to the World Bank, Hesse boasts an impressive GDP of 370 billion euros (US$408.4 billion) in 2024, making it one of the most economically robust federal states in Germany, contributing nearly 9% to the national economy.
The ties between the two nations run deep, with a history stretching back to 1992. Manfred Pentz, underscoring Hesse's keen interest in deepening these ties, especially considering Kazakhstan's prominent position in Central Asia.
Notably, the rich raw material resources of Kazakhstan have found great significance in Germany's goals of transport transition and digital transformation, making partnerships with the European nation highly attractive for innovation-driven sectors.
With continuous efforts underway in Kazakhstan to improve the investment climate, $15.7 billion is earmarked for new projects in 2024, the focus being on creating high-value production clusters. This presents a golden opportunity for German and Hessian businesses to collaborate, bolstering economic diversification and sustainable development in Kazakhstan.
Events like the Kazakhstan Investment Day 2025 in Germany serve as dynamic platforms for dialogue and networking between businesses from Germany, including Hesse, and Kazakhstan, extending the reach of ongoing and prospective collaborations.
Looking ahead, potential avenues for partnerships include participation in business councils, investment in production clusters, and the signing of memorandums of understanding (MOUs) to formalize cooperative endeavors. The commitment to such coordinated actions highlights the shared ambition of both parties to expand bilateral business ventures and attract investments to promising future-oriented projects.
Cementing the foundation for closer business ties, enhancement of transportation links, such as direct flights between Shymkent (Kazakhstan) and Munich (close to Hesse), aid in facilitating the smooth movement of goods and personnel, fostering a more intimate business relationship between the two regions.
In summary, the partnership between Hesse and Kazakhstan rests on a robust foundation of political and economic rapport, supported by Kazakhstan's inviting investment climate and substantial investment plans. The cooperation shines brightest in the areas of transport transition, digital transformation, raw material processing, and high-value production cluster development. Together, these two nations present a formidable team, poised to tackle ambitious ventures and create a lasting impact on both national economies.
In 2025, the Kazakh delegation led by First Deputy Prime Minister Roman Sklyar will visit Hesse as a result of discussions with Manfred Pentz, Hesse's Minister for International Cooperation, Europe, and Debureaucratization. This visit will be part of a Hessian economic delegation's fact-finding mission aimed at identifying investment opportunities in Kazakhstan.
As the home of leading financial institutions like Commerzbank and the Frankfurt Stock Exchange, Hesse offers a strong platform for economic partnerships with Kazakhstan, especially considering Kazakhstan's impressive raw material resources which align with Germany's goals of transport transition and digital transformation.
The Kazakh delegation's visit to Hesse also signifies the continuous efforts being made to deepen the ties between the two nations, with an aim to expand bilateral business ventures and attract investments to promising future-oriented projects.
