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Wednesday, 08 February 2017 10:18

Kazakhstani Company in Serbia

Pursuant to negotiations held in December 2016 between the President of the Republic of Kazakhstan Mr.Nursultan Nazarbayev, the President of the Republic of Serbia Mr.Tomislav Nikolić and the Prime Minister of Serbia Aleksandar Vučić that focused on development of investment cooperation relations between Kazakhstan and Serbia, Zhol Zhondeushi Company LLP has purchased the Serbian company ZGOP a.d. (Novi Sad).
The Contract was signed today, on February 08, in the Ministry of Economy of Serbia with the participation of the Serbian Minister of Economy Mr.Goran Knežević and official representatives of the Parties (Zhol Zhondeushi Company LLP and ZGOP a.d. Novi Sad). Zhol Zhondeushi Company LLP was represented by its General Director Mr.Khuram Muradov.
This Contract will contribute to cooperation between the two states and support trade and economic relations between Kazakhstan and Serbia. There is enough potential of mutually beneficial relations between the two countries that needs to be implemented to the full extent.


Currently the Kazakhstan company embarks on a new path of development where its Serbian subsidiary, ZGOP a.d. Novi Sad, plays a major role. The newly-acquired company that has been undergoing restructuring since 2011 now employs as much as 250 people. A number of Austrian, Russian, Chinese, French and Turkish companies has also showed interest in acquisition of ZGOP a.d.’s shares. According to local experts, the business became attractive after Serbia was granted international loans for rehabilitation of its railways, including a loan from the European Bank for Reconstruction and Development.
Over the years of its operation, Zhol Zhondeushi Company LLP has achieved impressive results in the construction industry, gained a good reputation, earned the trust and respect of its partners and customers. The company provides services in construction and rehabilitation of motor roads, implementation of transport and logistics infrastructure projects, including construction of runways and development of sea ports. The company employs over fifteen hundred specialists, including highly qualified engineers and staff members holding international certificates in project management.
The company operates according to international quality standards and opens up new perspectives in the markets of Russia, the Middle East and Europe.

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