In the margins of the Kazakh-German Business Forum, the Fund signed a Strategic Agreement with Siemens.

It is aimed at the phased localization of measuring equipment, production automation equipment, and electrical equipment at the territory of Kazakhstan.
The document was signed during the official visit of German Chancellor Olaf Scholz to Kazakhstan.

The Agreement assumes:

• Supply of equipment and materials for localization of production
• Creation of a joint production facility in Kazakhstan
• Personnel training and more.

Siemens AG (the founder is Siemens LLP) is a German conglomerate operating in the field of electrical engineering, electronics, power equipment, transport, medical equipment and lighting engineering, as well as specialized services in various fields of industry, transport and communications.