In August 2022, Kazakhstan’s Deputy Prime Minister and Minister of Foreign Affairs, Mr. Mukhtar Tileuberdi, led a delegation comprising Minister of Industry and Infrastructure Development, Mr. Kairbek Uskenbayev, Astana International Financial Centre Governor (and Former Deputy Prime Minister of Kazakhstan), Mr.Kairat Kelimbetov, Chair of Kazakhstan Temir Zholy National Railways Company, Mr. Nurlan Sauranbayev and Chair of Kazakh Invest National Investment Company, Mr. Meirzhan Yussupov, to Singapore. The Kazakh delegation met with, amongst others, the President of Singapore, Mdm. Halima Yacoub, and Singapore’s Deputy Prime Minister and Finance Minister, Mr. Lawrence Wong, and Minister for Foreign Affairs, Mr. Vivian Balakrishnan, reaffirming the warm ties between Kazakhstan and Singapore. Indeed, bilateral trade surpassed $1 billion in 2021, with both countries expecting a 3-fold increase this year.
During their visit, the Kazakh delegation also inaugurated the KSBC, which has been established since 2016 to facilitate commerce, investment and tourism between Kazakhstan and Singapore. Amongst its many esteemed members are Singapore’s CPG International (the corporatised entity of the former Public Works Department ofSingapore, which is now a global leader in developing and managing infrastructure and building facilities) and Kazakhstan’s Kusto Group.
The KSBC is led by a Board of Directors helmed by Mr. Sultan Marenov, Founder & CEO of SNRG Capital and Independent Director of JSC Bank Dabrabyt and Kazpost JSC.