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Innovation Development Agreements Signed During PM’s US Visit

 

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Prime Minister of Kazakhstan Bakhytzhan Sagintayev visited the U.S. April 11 – 14 to promote business connections between the two countries, particularly opportunities for innovative American companies to cooperate with Kazakhstan during its current development push, termed its third stage of modernisation.

Cooperation in IT technologies, engineering, energy, mining, chemicals, food and processing, telecommunications, transport, construction and education are particularly desired as Kazakhstan continues to work to diversify its economy. The prime minister signed a number of agreements during his trip to create partnerships in information exchange, education, communications, food distribution, urban planning and other spheres.

According to the Prime Minister’s press service, in San Francisco, Sagintayev signed an agreement between Kazakhstan’s Zerde National Infocommunication Holding, Almaty’s Autonomous Cluster Fund Park of Innovative Technologies (ACF PIT) and Global Venture Alliance (GVA) to open an innovation office in Silicon Valley.

The new office will help companies in Kazakhstan and in Silicon Valley exchange information, as well as help develop Kazakhstan’s start-ups in the U.S. and give them access to the latest innovations and companies to develop business and attract investment in Kazakhstan.

While in San Francisco, Sagintayev also took part in the Project: Collider technology forum. There, he urged companies focused on innovation to be open to opportunities created in Kazakhstan during its wave of modernisation.

And following a visit to the IBM Watson West Centre in San Francisco, a memorandum between IBM and ACP PIT was signed with the object of creating a laboratory within the start-up hub in Astana to research financial and smart city technologies for urban construction and operation management. Sagintayev and Autodesk Vice President David Crane also signed a memorandum of cooperation between Autodesk and ACF PIT.

The prime minister also visited the offices of Tesla Motors for a discussion of innovative technologies in engineering, electric vehicle production and unmanned vehicle management.

In New York, the prime minister met former New York mayors Rudy Giuliani and Michael Bloomberg, with whom he discussed cooperation in the development of telecommunications infrastructure and the Astana International Financial Centre (AIFC).

Sagintayev signed an agreement to open a Bloomberg office and TV channel in Astana, primeminister,kz reported.

An agreement for worldwide food distribution was signed with Rahal Foods during a meeting between the prime minister and representatives of Rahal Foods, OSI Systems, Pfizer and GE Transportation.

The Prime Minister discussed efforts to attract new investments and technologies to Kazakhstan with leading U.S. companies, among them I Squared Capital, General Electric, Grace, Robotti & Company Advisors, AGCO, AES, Black and Veatch and American Industrial Acquisition Corporation.

Sagintayev also met with representatives of the largest American financial institutions, including Citigroup, MasterCard, Berkley, Morgan Stanley, Black Rock and Goldman Sachs; global financial rating agencies Standard & Poor’s (S&P), Moody’s and Fitch Group; as well as Greylock Capital Management, American International Group (AIG), Guggenheim International, Alliance Bernstein, Public Capital Advisors and the Business Council of International Understanding (BCIU).

Meeting participants discussed the global economy, economic policy in Kazakhstan and opportunities to launch joint projects, attract investments, finance infrastructure projects and manage assets.

Emphasising that Kazakhstan is keen to work with advanced companies and global venture funds as it modernises its economy, the prime minister met with representatives of leading companies in artificial intelligence, education, financial and mobile technologies.

Learn Capital Managing Partner Greg Mauro signed memorandum of cooperation with Kazakhstan’s Ministry of Education and Science’s Information and Analytical Centre to develop a pilot project on charter schools.

Bridgewest Group Chairperson Massih Tayeb signed a memorandum of understanding with Kazakhtelecom to cooperate on acquiring the equipment necessary to develop large-scale internet access networks, and representatives from Kazakhstan signed a memorandum of understanding with Zerde and Cisco to finance pilot projects on self-service kiosks for delivering public services in remote regions.

 

 

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