Kazakhstan and Singapore Seek New Economic Opportunities in Transit, Transport, and Digital Transformation

The Astana Times

“Singapore and Kazakhstan share excellent bilateral ties at the highest levels, and we look forward to closer bilateral collaboration. We also shared a common perspective on the importance of inter-faith and inter-religious harmony in our societies. Singapore and Kazakhstan will commemorate the 30th anniversary of diplomatic ties next year. I look forward to hosting Kazakh President Kassym-Jomart Tokayev on a state visit in the future,” wrote President Halima Yacoub on her official Facebook page following the meeting.

Digital transformation is another promising area for Kazakhstan and Singapore, which is a hotbed of startup and innovation activities and considered Southeast Asia’s Silicon Valley.

One of the major projects has been the Kazakhstan Digital Accelerator launched in 2020 by Quest Ventures, a top Singaporean venture capital firm, and QazTech Ventures, a subsidiary of Kazakhstan’s Baiterek National Holding to support startups in Kazakhstan and drive the Central Asia innovation ecosystem forward through their comprehensive program and seed funding.

Since its launch in 2020, the program has had three cohorts, with more than 300 applications, 39 projects accepted and 30 of them receiving investments of up to $50,000 at the given moment.


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