EDB and Qarmet Join Forces to Launch Innovations in the Steel Industry
Almaty, July 12, 2024. The Eurasian Development Bank and Qarmet Joint Stock Company signed a Partnership Agreement on June 27, 2024, in Almaty, as part of the EDB's Annual Meeting and Business Forum.
The signing ceremony was attended by Ruslan Dalenov, Deputy Chairman of the EDB Management Board, and Dmitry Muz, Chief Financial Officer of Qarmet JSC.
The Eurasian Development Bank actively supports the implementation of major investment projects in Central Asia, especially in Kazakhstan. Cooperation with local industries and private businesses ensures maximum economic, social and environmental benefits. In particular, active cooperation with various industries makes it possible to accelerate the implementation of ESG approaches for the sustainable development of the region.
Qarmet JSC is Kazakhstan's largest and systemically important steel and mining company that has set a strategic goal to increase the enterprise efficiency and its steel production by more than 1.5 times by 2028.
The EDB's Annual Meeting and Business Forum took place on June 27-28, 2024 in Almaty, Republic of Kazakhstan. The event’s sessions recordings are available here (https://www.youtube.com/@infoEABR/streams ).
Additional Information:
The Eurasian Development Bank (EDB) is a multilateral development bank investing in Eurasia. For more than 18 years, the Bank has worked to strengthen and expand economic ties and foster comprehensive development in its member countries. The EDB's charter capital totals $7 bln. Its portfolio consists principally of projects with an integration effect in transport infrastructure, digital systems, green energy, agriculture, manufacturing, and mechanical engineering. The Bank’s operations are guided by the UN Sustainable Development Goals and ESG principles.
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