Vienna, December 5, 2025 – As part of the official visit of Minister of Foreign Affairs of the Republic of Kazakhstan Yermek Kosherbayev to Austria, Gabidulla Ospankulov, Chairman of the Investment Committee of the Ministry of Foreign Affairs, held a series of bilateral meetings with Austrian industrial and technology companies to discuss potential investment projects in Kazakhstan.

During the meetings, negotiations were held with Primetals Technologies Austria GmbH, the largest division of the international Primetals Technologies group, specializing in environmentally friendly steel production technologies, digitalization, and automation of metallurgical processes. The company is one of Austria’s leading engineering enterprises, with an annual turnover exceeding 750 million euro, and possesses advanced expertise in engineering, rolling technologies, and intelligent industrial systems. Previously, the company signed an agreement with ERG to implement a major metallurgical project in Kazakhstan. Continuing this cooperation, the parties discussed additional opportunities for Primetals Technologies to participate in Kazakhstan’s industrial initiatives, including potential collaboration with Qarmet and other local partners on new production facilities.

Chairman of the Investment Committee Ospankulov also met with the management of Magnatech GmbH, a company with over 30 years of experience in metallurgy and mining industries. Company specializes in acid regeneration technologies, energy-efficient solutions, industrial equipment supply, and full-cycle engineering. The company has implemented projects in the USA, Germany, Brazil, Austria, India, Türkiye, and several CIS countries, including construction of industrial plants and deployment of green energy technologies. During the meeting, the sides discussed prospects for localization of technological solutions in Kazakhstan, introduction of eco-efficient and resource-saving technologies in metallurgy, and creation of joint projects in industrial modernization and service support.

Additional meetings were held with Austrian companies interested in entering the Kazakh market, expanding production cooperation, and developing logistics potential along the Trans-Caspian “Middle Corridor.”

Gabidulla Ospankulov emphasized that Kazakhstan is interested in expanding the presence of Austrian companies and technology partners in key sectoral projects: “Austrian companies possess strong engineering expertise and long-standing experience in implementing industrial projects. Kazakhstan offers substantial opportunities for partnership – from metallurgy and mechanical engineering to green technologies and industrial modernization. We stand ready to provide comprehensive support to investors and accompany joint initiatives at every stage,” he underlined.

The parties identified specific areas for further work and agreed to move forward with practical steps to prepare joint projects. In the near future, additional consultations with companies and sectoral agencies are planned to accelerate the development of initiatives in industry and metallurgy.

Source : https://www.gov.kz/memleket/entities/mfa/press/news/details/1120078?lang=kk