Gabidulla Ospankulov, Chairman of the Investment Committee of the Ministry of Foreign Affairs of the Republic of Kazakhstan, met with Seung-Chan Jung, the Managing Director of Samsung C&T Corporation in Turkey and Central and Eastern Europe. During the meeting, the parties discussed the company's plans for cooperation in the fields of construction and modernization of energy capacities in Kazakhstan and renewable energy sources.
"More than 700 companies with South Korean capital are successfully operating in Kazakhstan, including your company. South Korea is among the top 5 major investor countries in the economy of Kazakhstan. In this regard, developing investment relations between our countries is one of the priorities of our work. We are ready to provide comprehensive support to Samsung C&T Corporation in implementing investment and contract activities through new projects," the Chairman said.
Gabidulla Ospankulov noted the great potential for developing relations between the parties in various fields. In particular, the Chairman highlighted South Korea's experience and expertise in developing green energy solutions and technology transfer to foreign countries.
In turn, representatives of Samsung C&T Corporation announced their intentions to implement projects in the field of renewable energy sources and their storage, including through the production of solar energy and specialized batteries. The corporation also presented its projects in the construction and modernization of facilities in countries such as Turkey, Romania, etc., noting its interest in building and modernizing energy facilities in Kazakhstan.
In conclusion, the parties agreed to cooperate in the implementation of future projects in the energy sector.
Samsung C&T Corporation is a South Korean multinational conglomerate whose business interests span various sectors, including construction, engineering, tourism, and trade.
