ASTANA, Kazakhstan, April 1. Société Générale is interested in investing in promising projects in Kazakhstan, Trend reports.
According to the Ministry of Industry and Construction, the issue was discussed during a meeting between the Chairman of the Industry Committee of the Ministry of Industry and Construction of Kazakhstan, Azamat Panbayev, and the bank's delegation.
Société Générale noted the importance of its partnership with Kazakhstan. The sides also reviewed the list of priority investment projects and financing issues.
During the meeting, Panbayev informed the bank representatives about the areas of activity of the ministry. He noted the importance of attracting foreign investment for projects in mechanical engineering, metallurgy, manufacturing, and the chemical industry.
In turn, Teyba Gouliyeva, head of the Société Générale Group region for Central Asia and the Caucasus, pointed out the main industrial projects that are subject to financing.
Kazakhstan and Société Générale have implemented more than 30 joint projects worth over $17 billion over 30 years of cooperation.
Meanwhile, on November 1, 2023, a memorandum of understanding was signed between Kazakhstan's Samruk-Kazyna JSC (Sovereign Wealth Fund) and Société Générale.
It is expected that the parties will consider cooperation in financing projects with export credit agency coverage, as well as operations in debt capital markets, treasury, and projects in the fields of sustainable development and asset privatization.
Société Générale is one of Europe's leading financial groups, providing advisory and financial solutions to governments, public institutions, and public corporations around the world.
