Manufacturing opens up opportunities for German investors in Kazakhstan. Michael Harms, Managing Director of the German Eastern Business Association, said this in an interview with our TV channel. According to him, German companies view Kazakhstan as a platform for establishing modern production facilities, introducing new technologies and gaining access to Central Asian markets. This will help launch the production of new goods and integrate Kazakh enterprises into international industrial supply chains.
«We see clear leadership from the President and clear, well-defined strategic priorities, which is very important in today’s turbulent world. We see bold political reforms that provide confidence in the investment climate. We have seen very strong economic growth in Kazakhstan in recent years, consistently exceeding 5%. We also see substantial investment in manufacturing, up 40% last year. I believe this is the key area for German businesses. Manufacturing is a niche that German industry can fill, and we very much hope to do so in Kazakhstan,» Michael Harms noted.
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