(Newswire.net — February 15, 2024) — Yerkin Tatishev, the visionary entrepreneur behind Kusto Group, stands at the forefront of Kazakhstan’s burgeoning economic collaboration with the European Union (EU).
With a keen eye for opportunity and a commitment to sustainable growth, Tatishev has played a pivotal role in fostering ties between Kazakhstan and the EU, leveraging Kusto Group’s diverse portfolio to propel the nation’s economy onto the global stage. The firm has spearheaded initiatives that align with the EU’s strategic interests, particularly in the energy sector.
As of 2023, Kazakhstan-EU trade turnover reached $38 billion, with a significant portion attributed to oil and gas exports. However, Yerkin Tatishev recognizes the need for diversification, understanding that overreliance on extractive industries could pose risks to the longevity of the partnership.
In line with the EU’s ambitious climate goals outlined in the European Green Deal, Kazakhstan, guided by Yerkin Tatishev’s vision, aims to achieve carbon neutrality by 2060. This commitment to sustainability not only highlights Kazakhstan’s dedication to environmental stewardship but also enhances its appeal as an investment destination for European businesses, including those within Kusto Group’s expansive network.
Yerkin Tatishev: “The EU becomes Kazakhstan’s biggest economic partner”
Amidst geopolitical shifts and global uncertainties, Kazakhstan’s collaboration with the EU remains pivotal. The EU has recognized Kazakhstan’s leadership role in the region, with the European Parliament acknowledging its strategic importance.
Yerkin Tatishev of Kusto Group emphasizes the significance of this partnership, highlighting the EU’s emergence as Kazakhstan’s largest economic partner, accounting for 30% of total trade and 40% of foreign investments.
The EU’s renewed interest in Central Asia, particularly Kazakhstan, stems from geopolitical developments, including the conflict in Ukraine. Facing disruptions in global supply chains and a need to diversify energy sources, European states view Central Asia, with its access to East Asian markets and abundant mineral energy resources, as an irreplaceable partner. Kazakhstan has seized this opportunity to deepen economic and diplomatic ties with the EU.
“Since the start of the war in Ukraine, Kazakh businesses have had to adjust to the new political realities, including complying with all relevant sanctions regimes. The European Union was not previously seen as a potential market for Kazakhstani goods, as most trade was done regionally and with Russia and China,” Yerkin Tatishev explained and continued:
“Additionally, the potential for doing business and joint ventures with European entities is on the rise, especially in the energy, manufacturing, and raw materials space, but also growing in the tech sector.”
Kusto Group shapes Kazakhstan’s business scene
Founded in Kazakhstan in 2002 by Yerkin Tatishev, Kusto Group has cemented its position as a leading diversified conglomerate in the country. With a focus on driving economic growth and fostering innovation, Kusto Group has played a vital role in shaping Kazakhstan’s business scene.
Kusto Group’s presence in Kazakhstan spans various sectors, including energy, manufacturing, real estate, and hospitality. Under the leadership of Yerkin Tatishev, the holding company has undertaken numerous initiatives to contribute to the country’s socio-economic development.
In the energy sector, Kusto Group has been actively involved in oil and gas exploration and production through KazPetrol, leveraging Kazakhstan’s abundant natural resources to drive economic prosperity. Additionally, the conglomerate has made significant investments in manufacturing, contributing to job creation and technological advancement in the region.
Through its real estate and hospitality ventures, Kusto Group has contributed to the development of infrastructure and tourism, further enhancing Kazakhstan’s appeal as an investment destination.
The rise of Kusto Group’s Koktobe City
One of Kusto Group’s notable and more recent contributions to Kazakhstan’s urban development is the creation of Koktobe City – a modern and vibrant mixed-use development located just outside Almaty.
The ambitious project, spearheaded by Yerkin Tatishev, reflects Kusto Group’s commitment to creating sustainable and livable communities that enhance the quality of life for residents.
Koktobe City encompasses residential apartments, commercial spaces, recreational facilities, and green spaces, offering a holistic living experience for its residents. With its innovative design, state-of-the-art infrastructure, and emphasis on sustainability, Koktobe City has emerged as a premier destination for urban living in Kazakhstan.
Under Yerkin Tatishev’s leadership, Kusto Group has transformed Koktobe City into a vibrant hub of activity, attracting residents, businesses, and visitors alike. Through strategic planning and meticulous attention to detail, Koktobe City has become a shining example of Kusto Group’s commitment to excellence and innovation in urban development.
Yerkin Tatishev contributes to Kazakhstani economy
As the founder and chairman of Kusto Group, Yerkin Tatishev has led the company to remarkable success. His strategic vision and commitment to excellence have propelled Kusto Group to the forefront of Kazakhstan’s business community, contributing significantly to the country’s economic development.
Yerkin Tatishev’s leadership has not only transformed Kusto Group into a powerhouse of innovation and growth but has also positioned the firm as a key player in Kazakhstan’s journey towards sustainable prosperity.
Through his visionary leadership, Tatishev has fostered a culture of innovation and entrepreneurship within the Kusto Group, driving forward-thinking initiatives that have positively impacted Kazakhstan’s socio-economic landscape.