Investment Opportunities of Kyzylorda Region Discussed in Italy
A delegation from the Kyzylorda region, led by Akim Nurlybek Nalibayev, visited Rome and Florence on a working trip, where they held meetings with several major Italian companies. The visit, organized with the support of the Foreign Representative of JSC "NC "KAZAKH INVEST" in Italy, Altynai Mukanova, provided a platform for establishing connections, exchanging experiences, and discussing promising projects between the two countries.
During a meeting with the President of the Italian Export Credit Agency SACE, Filippo Giansante, N. Nalibayev, and the Italian side discussed the signing of a credit agreement between JSC "Development Bank of Kazakhstan," SACE, and the Italian bank CDP to finance projects aimed at developing key sectors of the economy. The Akim also presented information on investment initiatives in the Kyzylorda region and invited the Italian side to collaborate on joint projects.
In meetings with other Italian companies, the Kazakh delegation discussed production localization projects and construction and environmental initiatives. The energy company Ansaldo Energia expressed interest in participating in projects to localize the production of components for gas turbine and combined cycle plants in Kyzylorda. The industrial company Confindustria offered assistance to exporters from Kazakhstan in accessing the Italian market. SGM Group showed interest in biochemical projects in Kazakhstan, while SOGESID focused on flood control and Aral Sea restoration projects. TIRRENA COSTRUZIONI expressed interest in producing seismic panels, and representatives of the financial company CLIFF also showed interest in investing in niche projects in Kyzylorda.
As part of the visit, the Kazakh delegation also visited the Santa Croce sull'Arno district in Tuscany, where approximately 35% of Italy's leather production and 98% of the national production of sole leather is concentrated. The delegation met with the President of the Leather Production Association, as well as representatives from several industry companies. The sides discussed the potential for relocating production facilities to Kazakhstan, as well as the implementation of joint projects.
