Kazakhstan and Iran sign $2bn cooperation package in Tehran

Kazakhstan and Iran  this week signed up to a package of 66 joint projects worth up to $2bn as President Nursultan Nazarbayev met up with President Hassan Rouhani in Tehran, the Kazakh leader said yesterday.  The agreements relate to developments in the metallurgical, mining, agricultural, transport and logistics, tourism, science, education and healthcare sectors.
Nazarbayev arrived in Tehran immediately after a meeting of the Kazakh-Iranian Business Council, organised by Baiterek Holding the state-run concern set up in 2013 to support and develop companied outside of  Kazakhstan’s oil and gas sectors. More than 200 Kazakh and Iranian companies attended the meeting which saw Baiterek secure a $200m deal with Iran’s Kaveh Glass Industry Group to build a soda ash plant in  Kyzylorda; Alagaeum Electrics agree to supply Iran’s Niroo Nransfo with transformers; and Kazakhstan’s LLP Topan clinch a deal to supply Iran’s Electro Kavir with $70m worth of  technological and commercial accounting systems for the hydrocarbon sector.