G7 on a $200 Billion Investment in Central Asian Infrastructure, Kazakhstan a Key Focus

The G7 nations are prepared to channel up to $200 billion into infrastructure projects across Central Asia, with Kazakhstan emerging as a primary beneficiary. Helaina Matza, the Acting Special Coordinator for the Partnership on Global Infrastructure Investment (PGI) within the U.S. Department of State, revealed this information during a meeting on July 19 with Kazakh Deputy Foreign Minister Nazira Nurbayeva.

The PGI initiative, according to a statement from the Kazakh Foreign Ministry, targets a total investment of $600 billion by 2027 in infrastructure projects across developing nations. This effort aims to enhance and diversify supply chains, thereby securing global food and energy supplies by boosting trade connections between Central Asian countries and extending access to European markets.

At the meeting, the discussions centered on potential investments in various sectors, including transport and logistics, clean energy, agricultural products, and the mining and processing of rare earth metals. Nurbayeva pointed out the opportunities for enhancing Kazakhstan’s transport infrastructure, particularly through the seaports of Aktau and Kuryk. She also underscored the potential in clean energy production, critical minerals, and agriculture.

Nurbayeva stressed the substantial prospects for long-term partnerships within these sectors in the Central Asian region and affirmed Kazakhstan’s willingness to collaborate with the U.S. to achieve shared objectives. Both parties agreed to advance cooperation to execute significant infrastructure projects and strengthen economic ties.

Have you read?
Countries: Women in the workforce.
Countries: Personal space.
World’s Most (And Least) Religious Countries.
Best Countries to Invest In Travel, Tourism, and Hospitality.
Most Forested Countries In The World.