ASTANA, Kazakhstan, December 9. Kazakh Invest and Japan's Nagashima Holdings have agreed to cooperate in the field of precious metal processing, Trend reports.
A meeting was held between the Director of the Project Department at Kazakh Invest, Bauyrzhan Aytkulov, the CEO of Japan's Nagashima Holdings, Hisanao Tsuboi, and the Executive Director of the Dragmet Association, Kanat Baitov. During the meeting, the parties discussed the company's plans to implement an investment project in the extraction and processing of precious metals for the further production of jewelry products in Kazakhstan.
The project’s initiator and investor is the Japanese company Megumi Corporation, while Nagashima Holdings is a co-investor and is working on technology selection together with Finetech Co. Sanshin Metal Working Co. plans to produce the equipment and machinery.
During the negotiations, B. Aytkulov briefed the Japanese delegation on government support measures for investors, opportunities for receiving investment preferences, and the support provided by the national company at all stages of the project’s implementation.
At the conclusion of the meeting, the parties confirmed their intention to continue mutually beneficial cooperation and agreed to exchange information on promising projects in the jewelry industry.
To note, Kazakhstan's trade turnover with Japan reached $2.1 billion by the end of 2023. Currently, approximately 100 Japanese companies successfully operate in Kazakhstan, and they are jointly implementing around 60 investment projects. Over the past 18 years, Japanese companies have invested more than $7.8 billion in Kazakhstan's economy.