«KAZAKH INVEST» National Company» Joint-Stock Company and «Eurasian Machinery» Limited Liability Partnership signed Memorandum of Understanding

«KAZAKH INVEST» National Company» JSC and «Eurasian Machinery» LLP have signed MOU for investment in the “Remanufacturing Center of Components & Parts for Construction and Mining Equipment in Karaganda” in the Republic of Kazakhstan.

«KAZAKH INVEST» National Company» JSC and «Eurasian Machinery» LLP have signed MOU for investment in the “Remanufacturing Center of Components & Parts for Construction and Mining Equipment in Karaganda” in the Republic of Kazakhstan.

This MOU will become an important mechanism in improving business competitiveness in the Republic of Kazakhstan and neighboring countries, and will provide a basis for developing close commercial relationships and increasing the amount of bilateral investments and technology transfer.

Within the framework of the MOU, it is planned to:

- invest in the “Remanufacturing Center of Components & Parts for Construction and Mining Equipment in Karaganda” in the Republic of Kazakhstan;
- amount of investment is up to USD 5 million;
- create up to 50 new job positions.

KAZAKH INVEST within its competence intends to:

- support the initiatives of Eurasian Machinery LLP on the realization of the Project and contribute to the creation of favorable conditions for its realization;
- assist in obtaining information from public authorities of the Republic of Kazakhstan that is necessary for the successful realization of the Project;
- organize meetings of Eurasian Machinery LLP with potential partners;
- inform Eurasian Machinery LLP about the possible forms of the state support for investment activity in the Republic of Kazakhstan;
- assist in the search of information on possible investment sites.