Kazakhstan and Pfizer Discussed the Implementation of an Investment Project in the Healthcare Sector

A memorandum of understanding was signed during the Business Council in Oslo in 2024, and already in 2025, new meetings and delegation visits took place. Our Chamber has long-term plans for cooperation with the business community of Kazakhstan, stated Solberg.

This is my first visit to Kazakhstan, and I am very impressed by your country. All the meetings in both Almaty and Astana were held in a very warm and productive atmosphere. We hope to continue our positive cooperation and make such visits a good tradition in order to build even stronger relations between our countries, the head of the East Chamber of Commerce and Industry of Norway.

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The leaders of our countries - President of Kazakhstan Kassym-Jomart Tokayev and President of the People’s Republic of China Xi Jinping - are creating good opportunities for us to develop economic relations. The People’s Republic of China is one of our key trade and economic partners. We welcome the entry of Hunan Company into the Kazakh market and are ready to provide comprehensive assistance and support for joint projects. During our meeting last year, a good impetus was given to this important project for the country," Olzhas Bektenov noted.

We are confident that we will complete all our work within two years. We know that the President of Kazakhstan and the Government are currently carrying out extensive work related to the ‘green’ development of the country. We strive and work to become a major project that will truly contribute to the ‘green’ development of Kazakhstan and the attraction of investments," Chairman of the Board of Directors Dai Daoguo noted.

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During productive and substantive talks with President William Ruto, we confirmed our shared commitment to deepening mutually beneficial cooperation across a wide range of sectors and identified new areas of partnership. I am optimistic that the intensification of economic ties will become a reality in the very near future," the President of Kazakhstan said.

It is necessary to establish a Kazakhstan-Kenya Business Council, which should become a specialized platform for strengthening dialogue in trade and investment. Organizing regular trade missions will help companies identify growth drivers directly on the ground. The appointment of an Honorary Consul of Kazakhstan in Kenya as a business liaison will help enhance practical cooperation between entrepreneurs of our countries. It is also proposed to create an expert group to identify promising ways to improve transport and logistics infrastructure. I am confident that implementing these measures will create a solid foundation for the speedy establishment of an Intergovernmental Commission on Trade and Economic Cooperation at the ministerial level. We also agreed to send a group of business representatives to Kenya to study their experiences in doing business," the Head of State said.

With this figure, we outperform 75 percent of countries globally," Kassenov said. "Another indicator - the ratio of gross fixed capital formation to GDP - stands at 24 percent in Kazakhstan, which is higher than in 68 percent of countries worldwide."

Economic growth rates directly depend on investments, because they generate additional production capacity and form the basis for further expansion of the economy," he said.

There is another, more focused metric that considers only investment in fixed capital. The ratio of fixed capital investment to GDP in Kazakhstan currently stands at 14 percent. Our task is to raise this indicator to 23 percent," he said.