ASTANA, Kazakhstan, November 1. France will invest in the production of railway locomotives in Kazakhstan, Trend reports.
In this regard, an investment agreement was signed for the implementation of the project "Production and maintenance of railway locomotives and rolling stock, as well as components for railway equipment in the Republic of Kazakhstan."
The French company Alstom is represented in Kazakhstan with more than 1,000 employees and seven production sites, including two factories:
One in Astana for locomotives manufacturing and maintenance; and KazElectroPrivod in Almaty for the production of point machines.
Alstom is the only manufacturer of electric locomotives and point machines in the Central Asian and Caucasian region, and a major contributor to the revitalization of its rail industry and the development of its economy.
From January through August 2023, trade turnover between Kazakhstan and France amounted to $2.7 billion, which is 21.1 percent higher than for the same period in 2022 ($2.2 billion).
Exports from Kazakhstan to France from January through August 2023 increased by 2.9 percent and amounted to $1.8 billion. Imports to Kazakhstan from France from January through August 2023 amounted to $881.8 million.
