#Orbis technologies massachusetts license

The total cost is 115 billion tenge ($257.1 million). The plant, which will be commissioned in 2025, will create 2,600 jobs. It is supposed to produce not less than 30,000 units of each of the mentioned brands annually. Multi-brand plant Astana Motors Manufacturing Kazakhstan will establish a small-knot production of cars under Changan, Haval and Chery brands. The total cost of the project is $150 million. The capacity of the plant is 80,000 cars per year.

#Orbis technologies massachusetts license

The production capacity of the enterprise will be up to 500,000 units of household appliances a year.Ī license agreement was signed as part of the Kazakh-Chinese investment roundtable in Xian between Orbis Manufacturing, a subsidiary of Orbis Kazakhstan, and EXEED International that provides for the right of Orbis Manufacturing to produce cars of the premium Chinese brand EXEED in Kazakhstan. Notably, as part of the agreement between Meridian Company and China’s HKC Corporation, a major Internet of Things solutions provider in Hong Kong, China and Singapore, it is expected to attract investment of more than 11.8 billion tenge ($26.4 million). Tokayev’s visit saw the signing of landmark agreements, including the establishment of a small-knot assembly and copper plant, among others. He mentioned renewable energy as a sector with particular growth opportunities. The company's market capitalization exceeded $47 billion in 2022.ĭuring his recent state visit to China, President Kassym-Jomart Tokayev invited Chinese companies to invest in Kazakhstan. The company is implementing more than 30 major mining projects in 12 countries and 14 regions of China. Zijin Mining is a large mining group engaged in the exploration and development of gold, copper, zinc, and other mineral resources worldwide. On June 2, Kazakh Invest national company and the Chinese metallurgical company Zijin Mining agreed to develop deposits of non-ferrous and rare metals in Kazakhstan. State Secretary Antony Blinken and President Kassym-Jomart Tokayev’s visit to New York in September 2022, where he met with top American executives, are expected to bring trade and investments with American partners up.Īmong big investors are also Switzerland - $2.76 billion, Belgium - $1.56 billion, Russia - $1.52 billion, South Korea - $1.48 billion, China - $1.43 billion, France - $770.2 million, the United Kingdom - $661 million and Germany - $469.5 million.Ĭhina is among the largest investors in Kazakhstan's economy, with the total volume of investments exceeding $23 billion. The latest high-level visits, including by U.S. They made a notable growth from just $2.8 billion in 2021 and $2.2 billion in 2020. Next comes the United States with $5.1 billion. More than 900 companies with Dutch capital work in Kazakhstan. Besides being the largest investor, the Netherlands is one of the five largest trading partners of Kazakhstan. Over the past 30 years, direct investment totaled nearly $110 billion. The leader in the volume of investments in Kazakhstan is the Netherlands, with $8.33 billion in 2022, an increase of 19.7 percent, and the highest recorded in 2021 at $8.9 billion. In 2023, another 281 projects worth 1.9 trillion tenge ($4.2 billion) are planned to be launched. This is a record figure for the last 10 years - in 2012, the volume of FDI reached $28.9 billion.Īccording to the Kazakh government, the intermediate target indicators of the Concept of Investment Policy of Kazakhstan until 2026 were exceeded by 14.3 percent last year.Īt the investment headquarters meeting on May 29 in Astana, Deputy Minister of Foreign Affairs Almas Aidarov said 199 investment projects in key sectors of the economy worth 2.3 trillion tenge ($5.1 billion) were commissioned in 2022. More about the key trends in the current investment landscape in Kazakhstan is in the latest article of Kazinform.Īs of the end of 2022, the gross inflow of FDI in Kazakhstan amounted to $28 billion, which is 17.7 percent more than in 2021 ($23.8 billion). The Netherlands, the United States, Switzerland, and Belgium remain top investors. ASTANA, KAZINFORM – Kazakhstan attracted record $28 billion in foreign direct investments (FDI) in 2022.