The capital of Kazakhstan, Astana, hosted the inaugural meeting of the Association of Investors of the Shanghai Cooperation Organization (SCO) member states. The event brought together over 20 investment agencies and foundations from SCO countries, as well as representatives from government bodies.
The meeting focused on identifying and exploring current and future areas of cooperation, with an emphasis on investment opportunities in key economic sectors. Special attention was given to addressing barriers in the investment climate and discussing measures to improve it.
Madiyar Sultanbek, Deputy Chairman of the Management Board of KAZAKH INVEST, highlighted the importance of the initiative in fostering deeper economic collaboration among SCO members and creating new avenues for business growth in the region.
"The first meeting of the Investors Association of SCO member states is an important step toward deepening economic cooperation. We are confident that this new platform will serve as an effective tool for exchanging experience and uniting efforts to attract investments into vital sectors of the economy," he remarked.
Following the discussions, the participants adopted the Association’s Work Plan and signed the final Protocol, outlining the next steps for the Association's operations.
Established at the SCO Heads of State Council during the Astana Summit on July 4, 2024, the Investors Association aims to act as a multilateral consulting and expert platform. Its primary goal is to develop the direct and portfolio investment market within the SCO framework, attract investments into priority sectors of member countries' economies, and provide comprehensive support for investment projects.
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