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Baku hosts a presentation of Kazakhstanâ€™s infrastructure projects

12 December 2008 14:15 (UTC +04:00)

Baku. Nijat Mustafayev - APA-Economics. Azerbaijan Confederation of Entrepreneurs will organize a meeting between Kazakh Ambassador in Baku Serik Primbetov and local entrepreneurs.
Kazakh ambassador briefed the conferees about infrastructure projects implemented under the â€œ30 Corporate Leaders of Kazakhstanâ€ Program.
He said that 45 major projects worth $54 billion are being implemented in his country.
â€œ28 of these projects are production-related projects and 17 are infrastructure projects.
â€œThe implementation of 9 projects, for which $3 billion have been allocated, will be completed as early as next year. Despite the financial crisis, all projects are progressing on schedule,â€ he added.
He added that 7 major projects worth $1.6 billion have been implemented in Kazakhstan this year.
According to the ambassador, trade turnover between Azerbaijan and Kazakhstan increased by 5 times over the past 5 years, and reached $405 million in 2008.
He invited the Azerbaijani businessmen to participate in projects in Kazakhstan.
â€œThe implementation of several projects is supported by the Government and state-owned firms in Kazakhstan,â€ he added.
Dmitry Klinchev, Vice-Mayor of Aktau, said Azerbaijanâ€™s Caspian Service has completed the construction of residential houses in the city.
â€œWe were very satisfied with this work. We invite Azeri companies to take part in the construction of â€œAktau Cityâ€ Project which costs $ 30 billion,â€ he said.
The presentation covered the construction of North Kazakhstan-Aktobe Oblast inter-regional power transmission lines, construction of the Astanaâ€“Schuchinsk autobahn, reconstruction of the Western Europe - Western China transit corridor, northward expansion of Aktau Port, establishment of a pharmaceutical logistics center in Kazakhstan and other projects.