Germany Strengthens Ties with Kazakhstan Through $54 Billion Investment Projects

22 May, 2025

Germany continues to strengthen its strategic economic partnership with Kazakhstan, as evidenced by the 16th session of the Kazakhstan-Germany Business Council held in Astana. The forum served as a vital platform for high-level dialogue, exploring deeper economic collaboration and reviewing key joint investment initiatives. German businesses are reaffirmed as crucial partners for Kazakhstan, with both nations emphasizing long-term cooperation across various sectors.

Kazakhstan’s First Deputy Prime Minister, Roman Sklyar, highlighted Germany’s position as Kazakhstan’s largest trading partner within the EU and praised its role in advancing bilateral trade. In 2024, Kazakhstan’s economic stability was further validated by Moody’s, which upgraded the nation’s credit rating to Baa1—the highest in its history.

Currently, the two countries are working on a robust portfolio of 63 joint projects valued at USD 54.4 billion, covering a broad range of industries including energy, petrochemicals, and manufacturing. Of these, 32 projects worth USD 1.1 billion have already been successfully completed, while 12 are actively underway. Six new industrial processing projects were also unveiled at the forum, reflecting growing momentum in Germany-Kazakhstan industrial ties.

The session included the signing of several important agreements and memoranda of understanding between prominent German and Kazakh institutions, such as Baiterek Holding and KfW Development Bank, Kazakhstan Development Bank. These agreements aim to boost industrial cooperation, technology transfer, and financing for new ventures.

Germany sees Kazakhstan not only as a key supplier of critical raw materials and energy, but also as a rising economic partner in Central Asia. As global supply chains shift, both countries are leveraging this moment to solidify a resilient and mutually beneficial economic corridor. The forum demonstrates Germany’s proactive role in shaping sustainable growth and innovation through international collaboration.

Related News

Interview