Deputy Prime Minister of Kazakhstan Erbolat Dossaev met with Deputy Prime Minister of the Republic of Singapore Tharman Shanmugaratnam in the framework of the participation of the Kazakhstan delegation in the Bloomberg New Economy Forum, which takes place in Singapore on November 6-7, 2018.

During the meeting, the Deputy Prime Minister of Kazakhstan informed the interlocutors about the main provisions of the Address of the President of the Republic of Kazakhstan to the People of Kazakhstan dated October 5 of this year, as well as about the ongoing work to ensure Kazakhstan’s entry into the top 30 most developed countries of the world, the key tools of which are increasing the quality of human capital, the introduction of best practices and technologies.

Erbolat Dossaev emphasized Kazakhstan’s readiness to further deepen economic and investment cooperation, noting that Kazakhstan perceives Singapore as a key partner in the regions of Southeast Asia and ASEAN, and given the generally recognized reputation of Singapore as a trading, financial, logistics and technology center, the growth of bilateral trade, economic and investment cooperation is still a priority in bilateral relations.

For the period January – August 2018, the trade turnover between the countries amounted to more than $ 300 million, including exports from Kazakhstan - $ 286.6 million. In this regard, it was expressed that the upcoming official visit of Prime Minister of the Republic of Kazakhstan Bakytzhan Sagintayev to Singapore  on 20– November 21 will be an important step towards expanding contacts both at the governmental level and at the level of the business community of the two countries.

“One of the promising areas of bilateral cooperation is interaction at the city level. This is an important part of the Kazakhstan-2050 strategy. Our capital, Astana, attaches great importance to expanding business cooperation with Singapore. In January 2016, the city administration of Astana presented a master plan for industrial park No. 2, developed by Singapore-based company Jurong Consultants. I am sure that the experience of Singapore will be very useful. We invite Singaporean companies to participate more actively in the implementation of Smart City projects in the two largest cities of Kazakhstan - Almaty and Astana,” - E. Dossaev said.

The Deputy Head of the Singaporean Government confirmed the readiness of the Singaporean side to expand cooperation with Kazakhstan in all areas and expressed readiness to explore possible prospects for cooperation.

www.primeminister.kz

Published: 06 November 2018

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