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Wednesday, August 12th, 2020

10 best foreign investors awarded in Kazakhstan

by December 19, 2018 Market

The Ministry for Investments and Development of Kazakhstan, together with KAZAKH INVEST JSC, awarded 10 best foreign investors. A solemn ceremony is held every year. This year, the best foreign investors are companies operating in such sectors as construction, engineering, food industry and representing such countries as Turkey, France, Germany, China and others. Read more about the companies in the review material of the Information Agency.

The solemn ceremony of awarding foreign investors was opened by Deputy Minister for Investments and Development of Kazakhstan, Timur Toktabayev. Also, the event was attended by investors, heads of foreign diplomatic missions, business associations and organizations.

Timur Toktabayev noted that from the first years of independence Kazakhstan relied on the economic growth through the creation of favorable conditions for foreign investors.

Over the past 13 years, thanks to the work carried out by our state to improve the investment climate, the inflow of foreign direct investment in Kazakhstan’s economy amounted to more than 300 billion dollars, the Deputy Minister for Investments and Development of Kazakhstan said.

According to him, among the awarded companies are transnational corporations, big companies with implemented projects worth over 1 billion dollars and 2500 workplaces.

In the words of the Minister, the USA, Russia, China, France and Germany are at the top of countries that invest in Kazakhstan most of all.

They focus on the non-resource sector. New productions and new product lines appear, which have never been in Kazakhstan. All this suggests that we are beginning to realize the opportunities that gives us a single economic space. We also realize a large transit potential, T. Toktabayev stated.

The best foreign investors in 2018 became: THE LINDE GROUP, Germany (gas chemical industry), SOLARNET, Germany (renewable energy), AIR LIQUIDE, France (gas chemical industry), ALSTOM, France (mechanical engineering), LUKOIL, Russia (petrochemical industry), PHOENIX GLOBAL DMCC, United Arab Emirates (AIC), ECZACIBASI HOLDING, Turkey (mining and metallurgical complex), DTN, USA (information technology), CHINA GEZHOUBA GROUP COMPANY LIMITED, China (construction), CG Corp Global, Singapore (food industry).

General Director of Lukoil Lubricants Central Asia LLP Andrei Matyukhov told about a project implementing in Kazakhstan.

Lukoil company has been investing in Kazakhstan for over 20 years. It’s nice that the President of the country appreciates this contribution. At the moment, the company is implementing a project for the construction of a plant for the production of lubricants with a capacity of 100 thousand tons in Almaty region, he started.

Matyukhov noted a very favorable investment climate created in Kazakhstan.

We constantly receive support from the authorities of different levels, he said.

It should be noted that the launch of the plant is planned for the middle of the second quarter of 2019. The total investment for this project is about 94 million dollars.

Approximately 60% of investments have mastered at the moment. About 200 jobs are expected to be created at the plant, the General Director of Lukoil Lubricants Central Asia said.

He stressed that 90% of the workers of the new plant will become Kazakh citizens. Salaries of the factory workers will be higher than the market.

The French company Air Liquide is also pleased to be entering the Kazakhstan market. It is engaged in the production and purification of hydrogen, which is necessary in the processing of oil at the refineries of the republic. The total investment amounted to 12 million euros.

A year and a half ago, Air Liquide began cooperation with a plant in Pavlodar. We are very positive about the investment climate in Kazakhstan, as well as work with our Kazakh partners, Olivier Randet, the vice president for Eastern Europe and the CIS at the Air Liquide, said after the award ceremony.

For reference: Having a wide network of representatives abroad and in the regions of the country, on the principle of single window KAZAKH INVEST provides a full range of services to support investment projects from the idea to the implementation and in the post-investment period, and also acts as a single focal point for special economic zones of Kazakhstan.

In its work, KAZAKH INVEST uses a specialized CRM system to monitor and control the progress of investment projects. This system allows investors to send inquiries and initiatives, and also makes the processes visible at all stages of investment.

In general, with the support of KAZAKH INVEST, since the beginning of 2018, 23 investment projects with the foreign capital worth 2.9 billion dollars have been commissioned in Kazakhstan, while the company’s monitoring system has 188 projects totaling 50 billion dollars, the implementation of which will provide creation of about 56 thousand jobs.

Source: Kazakhstan 2050