- Switzerland is a major investor, with hundreds of active companies in Kazakhstan.
- Bilateral trade hit $1.1 billion, showing strong economic cooperation.
- Partnership expands in rail production, technology, digital currency, and renewable energy.
President Kassym-Jomart Tokayev met with Swiss Vice President Guy Parmelin, highlighting the significant possibilities for enhancing bilateral collaboration and portraying the visit as a chance to revitalize the Kazakhstan–Switzerland relationship.
Tokayev emphasized Switzerland's position as one of Kazakhstan's key political and economic allies in Europe, pointing out that the nation has invested $35.8 billion in Kazakhstan since 2005. He noted that almost 400 Swiss firms and partnerships are active in Kazakhstan, indicating strong and enduring economic connections, as stated by the Akorda press service.
In his comments, Zhumangarin highlighted that Switzerland continues to be one of the top investors in Kazakhstan. Swiss firms operate in energy, engineering, food processing, pharmaceuticals, and various advanced technology sectors. He emphasized that bilateral trade amounted to $1.1 billion during the January-September 2025 timeframe.
As stated by Zhumangarin, Kazakhstan aims to increase Swiss business involvement in machinery production, pharmaceuticals, medical and biotechnologies, digitalization, transport, logistics infrastructure, and renewable energy sectors. He emphasized that the government is dedicated to creating the best conditions for investors.
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Zhumangarin emphasized the localized production of passenger railcars at Stadler Kazakhstan in Astana as a significant achievement of bilateral collaboration. An agreement has been made for the provision of 557 advanced railcars, with the initial delivery anticipated by late 2025.
He also conveyed Kazakhstan’s desire to examine Switzerland's expertise, especially that of Lugano, in forming digital currencies and blockchain technologies. “Kazakhstan today is a ready platform for building industrial clusters. We are open to creating consortia and deepening technological cooperation,” Zhumangarin said.
In a previous interview with The Astana Times, the Swiss Confederation Ambassador to Kazakhstan and Tajikistan, Salman Bal, emphasized the enduring partnership between Kazakhstan and Switzerland, which flourishes on both bilateral and multilateral fronts, highlighting the similarities shared by the two nations.