Making the Belt and Road Initiative Work for Kazakhstan

On February 26, 2018, TBY met with the Governing Board members of the Kazakhstan Foreign Investors' Council Association (KFICA), a Council chaired by President of Republic of Kazakhstan Nazarbayev, to discuss how Kazakhstan can be affected by the China's Belt and Road Initiative (BRI).

With some of the country's leading policy-makers, investors, consultants and financiers, TBY's roundtable was organized jointly with the KFICA, and held at the Ritz Carlton Almaty. The KFICA represents the 33 investor companies selected by President Nursultan Nazarbayev to be members of his Foreign

Investors' Council and to advise him and the Kazakhstan government on important investment issues. The BRI is a trillion dollar infrastructure, transportation, and communication network connecting China with Europe via Central Asia and the Indian Ocean. Its visionaries hope it will be the new Silk Road of our times. As Erlan Khairov, Chairman of the Committee on Investments, Ministry of Investments and Development, explains, “it consists of a series special priority projects between the two countries, some 51 undertakings worth a total USD27.7 billion."

Full coverage of the roundtable can be found in The Business Year: Kazakhstan 2018.