Kazakhstan, Switzerland Strengthen Economic Partnership

Kazakhstan and Switzerland are deepening their economic partnership, as Deputy Prime Minister and Minister of National Economy Serik Zhumangarin highlighted during the fifth session of the Kazakhstan-Switzerland Business Council.

He noted that Switzerland remains one of the largest investors in Kazakhstan, with Swiss companies actively operating in energy, machine building, food production, pharmaceuticals, and high-tech industries. From January to September 2025, bilateral trade turnover reached $1.1 billion, The Caspian Post informs via Kazakh media.

Zhumangarin emphasized that Kazakhstan is eager to expand Swiss business participation in biotechnology, pharmaceuticals, digitalization, logistics, renewable energy, and other priority sectors. He reiterated that Kazakhstan continues to create favorable and predictable conditions for foreign investors.

One of the flagship partnership projects is the localization of Stadler-Kazakhstan passenger coach production in Astana. Under the agreement, Kazakhstan will receive 557 state-of-the-art rail carriages, with the first batch expected by the end of the year.

The deputy prime minister also expressed interest in Switzerland’s advanced expertise - from Lugano’s smart-city model to digital currency and blockchain technologies.

“Kazakhstan is a ready platform for forming industrial clusters. We are open to creating consortiums and deepening technological cooperation,” he said.

Following the session, the sides signed several new documents and agreements aimed at strengthening trade, investment, and broader economic ties.

Established in 2012, the Kazakhstan-Switzerland Business Council continues serving as an important platform for expanding cooperation, removing trade barriers, and connecting businesses across both countries.