Kazakhstan Attracts $100 Million Investment from Georgia, Bolsters Economic Relations

Kazakhstan's Prime Minister, Alikhan Smailov, recently announced a substantial $100 million investment from Georgia during the past year. This statement was made during a briefing in Georgia, in the presence of his Georgian counterpart, Prime Minister Irakli Gharibashvili.

In the meeting between the two leaders, discussions spanned a wide variety of topics, with a significant focus on strengthening economic relations. Investment strategies, in particular, were at the forefront of these deliberations.

Over the course of the past 17 years, Georgia has poured close to $400 million into the Kazakhstani economy, with last year's contribution alone amounting to more than $100 million. The generosity, however, is mutual, as Kazakhstani entrepreneurs have invested in excess of $500 million into Georgia's economy.

During their meeting, both leaders expressed their shared understanding that Georgia and Kazakhstan could serve pivotal roles in bridging the transit gap between Europe and Asia. The Trans-Caspian international transport route garnered special attention, considering its significant impact on the bilateral relationship. The cargo turnover on this route doubled over the past year, and container shipments increased by 30%.

According to Smailov, the convergence of their positions underscores the potential of Kazakhstan and Georgia as key transit points between the two continents. It is a testament to their growing importance in the global economic landscape, propelled by mutual cooperation and substantial capital investment.