Kazakh and Finnish businessmen sign 23 commercial and non-commercial documents

19 October, 2018, 09:54 341
Kazakh and Finnish businessmen sign 23 commercial and non-commercial documents

The meeting was held as part of the visit of the Kazakh head of state to Finland. 

 

Finland, following the business welcome as part of the visit of Nursultan Nazarbayev, held the signing of 23 commercial and non-commercial documents amounting to 545 million dollars, BNews.kz correspondent reports referring to primeminister.kz

A framework agreement was signed between the government of Kazakhstan and the leadership of the Nordic Investment Bank to finance projects within Kazakhstan under the public-private partnership principle, including capital expenditure (investment, corporate and sovereign loans, bank guarantees) and the creation of conditions for technology transfer. 

The Chairman of the Board of NC 'Kazakh Invest', Saparbek Tuyakbayev, signed a Memorandum of Mutual Understanding between Kazakh Invest and the company Koja to implement the project on the manufacturing of engineering equipment. Kazakh Invest also concluded a Memorandum of Mutual Understanding with the Confederation of Finnish Industries that includes a number of Finnish companies (Kone Corporation, Wartsila, Stora Enso, Kesko, Nokia Corporation). During the dialogue, the Confederation expressed interest to implement projects within the Republic of Kazakhstan.  

Within the agreement to develop container transportation between JSC KTZ Express and Nurminen Logistics, the parties intend to start regular transportation between Finland and China through Kazakhstan and Russia from October 2018. This agreement will enable to transport containers by railways instead of by sea and will reduce transport times travelling from Finland to China. 

The Ministry of Energy of Kazakhstan and the company Wartsila signed a Memorandum to consider the possibility to construct stream and gas plants with the capacity of 50 MWt in Turkestan. As of today, the projects implemented in Kazakhstan include a power station for the Aktobe rail and beam plant that was brought into use in 2015, as well as a power station for KazAzot JSC in Mangystau region.