Nazarbayev invites Korean companies to partake in preparations for Expo-2017
ASTANA. KAZINFORM - President Nursultan Nazarbayev has invited South Korean companies to actively participate in preparations for the international exhibition "Expo-2017" in Astana.
This was voiced by the President after bilateral talks with the head of the Republic of Korea Park Geun-hye. Head of State said that the parties discussed the participation of Korean business in the state program of forced industrial-innovative development. Moreover, the sides confirmed their interest in cooperation on the formula "technology in exchange for resources". "We asked Korean companies to participate in "Expo-2017", said Nursultan Nazarbayev. The President noted that sales turnover between the countries totaled USD1.5 billion in 2013 According to his words, at present more than 300 Kazakh-Korean joint ventures operate in our country. "I would like to mention a joint venture assembling cars, SUVs, and passenger transport. Balkhash TPP, gas and chemical complex in Atyrau, Zhambyl deposit development are the major projects of bilateral cooperation. Capital capacity of these enterprises is more than USD 9 billion", said Nursultan Nazarbayev.