You are here: Home › Kazakhstan: Japan’s next promised land for investment

Kazakhstan: Japan’s next promised land for investment

   Jun 30, 2017
Credit : GMI Post

Since it gained independence from the former Soviet Union in 1992, Kazakhstan has been one of the world’s most resilient economies. Until the end of the commodities boom in 2013, the oil-rich country reported GDP growth of between 4 percent and record-highs of 8 percent.

With JETRO General Director Manabu Shimoyashiro

With the influx of foreign capital, more than a dozen Japanese firms set up operations in the Central Asian republic, such as Tokyo-based oil and gas producer Inpex, located in western Kazakhstan. One of one of Japan’s oldest and largest conglomerates, Sumitomo, secured some of Kazakhstan’s flagship projects, among them power plant construction and uranium development.

Often, these Japanese companies operate in joint partnership with local companies such as KEGOC, the national electric grid company. In Sumitomo’s case, it partnered with state-run KazAtomProm, which oversees the country’s strategic uranium reserves.

JETRO Director General Manabu Shimoyashiro pointed out that while oil and gas exports and rare earth mining make up the bulk of trade between Japan and Kazakhstan, new opportunities in construction, infrastructure and logistics continue to come up.

The logistics sector is especially ripe for increased Japanese investment as Kazakhstan President Nursultan Nazarbayev launched a huge infrastructure program dubbed “Nurly Zhol” or Bright Path. The economic stimulus package involves the improvement of roads, railroads, bridges, and airports, all aimed at enhancing the country’s position as an entrepot between China and Western Europe.

Being the world’s eighth-largest country by land area, Kazakhstan’s agriculture sector is also predisposed for investment.

“We promote Kazakh agricultural products at Japan’s FOODEX as a way to introduce high quality fruits and nuts to the Japanese consumer. While it is still too early to scale up Kazakh agricultural exports to Japan, Japanese people were impressed by the rich and flavorful taste of Kazakhstani fruits such as apples,” Shimoyashiro said. 

So, what are the prospects of Japan’s involvement in the Kazakh economy?

An expert on Central Asia who speaks fluent Russian and Mongolian, Shimoyashiro sees a bright scenario in the near future, especially when direct flights between Tokyo and Almaty happen.

“The daily flight between Tokyo to the Mongolian capital Ulaanbaatar saw more than 100 Japanese companies and SMEs to flourish in a country with a population of 2 million, which is just as big as Kazakhstan’s largest city, Almaty. We do not know when. But I see Kazakh tourism and SMEs as the biggest winners once those directs flight are established,” Shimoyashiro said.

Business opportunities in Latin America for Japanese companies

Thanks to Texas' proximity to the emerging markets of Central and South America, several major Japanese companies with significant investments in L...

Rebuilding the nation and the region

The 14th General Election last May was intense and Malaysians will remember it long after the settles. Not only will they remember the gruelling mo...

Western Australian council is first adopter of Datacom's new local government technology

Datacom has rolled out the first phase of its customer service system for the town of Manjimup in Western Australia. Kicking off with Service Reque...

TWSE: Cultivating Growth

When gauging a country's economic prospects, analysts first study the historical performance of its financial market and activity that characterize...

Philippines' top EdTech startup secures Series A funding as it boosts reach and engagement

Edukasyon, the leading education technology platform in the Philippines, recently closed its Series A financing round, joined by Asian and European...

Japanese carmakers: A vital part of the U.S. economy

Over nearly four decades, Japanese-brand automakers have built up a vast American presence. It has made a cumulative manufacturing investment of ab...

Casino slot manufacturer attributes success to hard work, vision, and dedication to core values

Japanese gaming giant Konami has invested heavily in Las Vegas, setting up a huge head office in the city from where it develops and markets indust...

Malaysia: A fresh start

Ten months since historic elections that rocked the nation’s political landscape, Malaysia, once again headed by Prime Minister Mahathir Mohamad, i...

SilTerra: Defining tomorrow in Malaysia today

Globally ranked 16th by Gartner in the pure-play foundries category, SilTerra clearly punches above its weight. Originally set up in 1995 as a semi...

latest special Reports:

Upcoming Reports from

  • Global Media is your partner in reaching a powerful international audience through high-level economic reporting.

    Our ambition is to highlight under-reported developments and opportunities around the world, and allow leaders in these regions and sectors to take their message to the highest global level. We partner with top media to communicate with the world’s most powerful audiences. We specialize in communication and branding initiatives that help our clients effectively get their messages to their existing and potential partners. We achieve results for our clients by introducing them and their initiatives to an audience of elite international business and government leaders.

    Global Media Inc. is an independent media agency with offices in Hong Kong and Canada. GMI has more than a decade of experience in the writing, researching, and production of promotional country reports, with media partners from East Asia to North America. We have teams worldwide that develop country and thematic reports on the latest economic trends and developments.

    We are a media partner of Foreign Affairs,the United States’ most influential publication, published by the New York-based Council on Foreign Relations.

    Nearly a century old, there isn’t a more influential or higher-reaching publication in the United States than Foreign Affairs. The journal is ranked #1 in influence by U.S. opinion leaders in a recent nationwide study conducted by Erdos and Morgan, the premier business-to-business research firm. Their findings place Foreign Affairs ahead of all media, both print and broadcast, including The New York Times, The Wall Street Journal, The Economist, and The Washington Post.


    “We were extremely impressed with how efficient, well-coordinated, responsive and reliable the Global Media Inc. team was. We owe them a lot for their professionalism. We were very pleased with the outcome, and the article was very well-written. We hope to have an opportunity to work with Global Media Inc. again in the near future.� – Japan Airport Terminal Co. Ltd.
    “The Global Media team’s professionalism was excellent. Their team was great and always gave us the right suggestions and information. The product was excellent, and we were very happy to have such a great opportunity working with their excellent team.â€� – National Graduate Institute of Policy Studies (GRIPS)
    “We were honored to be chosen as one of the good universities in Japan. This article conveyed Seigakuin University’s educational ideals and the message from President Akudo. The advertisement was conspicuous and gave a good impression that Seigakuin nurtured students to contribute to world peace. We really appreciated what Global Media Inc. had did for us.â€� – Seigakuin University

    Whom we have featured:

    • Australian Prime Minister Julia Gillard
    • Australian Foreign Affairs Minister (and former Prime Minister) Kevin Rudd
    • Japanese Prime Minister Shinzo Abe
    • Qatari Minister of International Trade and Industry Dato’ Sri Mustapa bin Mohamed
    • Japanese Minister of Education, Culture, Sports, Science and Technology Yoshiaki Takaki
    • Taiwanese Foreign Minister Yang Chin-Tien
    • Taiwanese Finance Minister Lee Sush-Der
    • Taiwanese Economic Affairs Minister Shih Yen-Shiang
    • Taiwanese National Science Council Minister Lee Lou-Chuang,
    • Taiwanese Deputy Minister of Transport and Communications Yeh Kuang-Shih
    • Taiwanese Political Deputy Minister of Education Dr. Lin Tsong-Ming
    • Indonesian Ambassador to the United States Dr. Dino Patti Djalal
    • Indonesian Investment Coordinating Board Chairman Gita Wirjawan
    • Philippine President Benigno S. Aquino III
    • Philippine Senate President Juan Ponce Enrile

Join our newsletter

Sign up for our weekly newsletter to get the latest news and updates directly to your inbox.