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Askar Mamin opens the 2nd Kazakhstani-American business forum “Competitive Kazakhstan”

by May 16, 2018 Key Issues

On May 16, First Deputy Prime Minister Askar Mamin took part in and spoke at the second Kazakhstani-American business forum Competitive Kazakhstan, held on the eve of the Astana Economic Forum in the Ministry of Foreign Affairs.

Askar Mamin stressed the importance of the agreements reached during the official visit of the President of Kazakhstan to the United States in January 2018 for the further development of strategic cooperation between the two states.

Following the visit of President of Kazakhstan N. A. Nazarbayev, over $ 7 billion worth of contracts were concluded. The agreements cover the development of joint investment projects in various sectors of the economy, � the First Deputy Prime Minister noted.

He stressed that all necessary conditions are being created in Kazakhstan to improve the business climate, increase investment attractiveness.

Out of direct investments directed to the region, 80% were attracted to Kazakhstan. The US is Kazakhstan’s largest, � A. Mamin said and noted that the largest US companies are successfully operating in the oil and gas, mining and other sectors of the economy. Joint ventures with the participation of 500 Kazakhstani-American companies are effectively developing, engaged in various sectors of the economy.

A. Mamin reported on the measures being taken by the Government to further improve the business environment and spoke about the progress in implementing the tasks in the field of modernization, diversification and digitization of the economy.

The holding of Expo-2017 in Astana contributed to the active development of ties with the international business community, said the First Deputy Prime Minister and noted that the Astana International Financial Center, utilizing the unique infrastructure of Expo, uses in its activities the best world practices of financial centers of New York, Singapore, London and Dubai to protect the interests of investors.

The Forum was attended by heads of state bodies of Kazakhstan, the Astana International Financial Center, and representatives of more than 50 US companies, including the American Overseas Private Investment Corporation (OPIC), the World Bank, and the European Bank for Reconstruction and Development (EBRD).

Source: Government of the Republic of Kazakhstan