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Thursday, October 17th, 2019

At the site of the Jetisi Invest forum cost $ 859 million. More than 13 memorandums were signed

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International Business Forum Jetisy Invest 2019 was held in Taldykorgan Almaty oblast. The participants of the Forum reached an investment agreement worth $ 859.7 million. and 13 commercial agreements.

The event was attended by Deputy Minister of Foreign Affairs of Kazakhstan Yermek Kosherbayev Governor of Almaty region Amandyk Batalov Deputy Chairman of the Board of JSC “NC KAZAKH INVEST” Birzhan Kaneshov representatives of diplomatic corps major domestic and transnational companies foreign and domestic businessmen interested government agencies and financial institutions.

Akim of Almaty region Amandyk Batalov noted that despite the global economic crisis and total investment inflow domestic investment in Almaty region increased by 27% in 2014 2016 and by the end of 2018 Almaty region took first place in attracting foreign investment the volume of which grows by 20% annually from 2016.

In turn Deputy Chairman of the Board of “KAZAKH INVEST” JSC Birzhan Kaneshov told about the importance of creating favorable conditions for investment activity in the country. “The Government has undertaken a number of reforms to improve the investment climate in the country instructing the involvement and introduction of the best world practice. At present we have a three tier system of support for foreign businessmen. Foreign representations of Kazakhstan at the external level KAZAKH INVEST at the central level and front office regions operating on the principle of “one window” at the third level.

Leroy Merlin “Mareven Food Tien Shan” “Waste Energy KZ” “ArKazInvest” and other large and transnational companies presented their successful experience in the region.

It was also noted that during the forum the region was favorable for the implementation of renewable energy projects. Thus 24 of 74 renewable energy sources in Kazakhstan work in Almaty region. One of the largest solar power plants in Kazakhstan with a capacity of 100mW built by Universal Energy with the participation of a large Singapore investor was launched in September. Next year the company plans to launch two days with a capacity of 50MW and wind power stations. In addition 28 renewable energy projects are at different stages of implementation.

Currently in the monitoring system of JSC “NC” KAZAKH INVEST “in Almaty region we note that there are 34 partners with foreign investors totaling $ 3.8 billion. 12 of them are under construction and installation works 12 projects are under development and 10 projects are under development for implementation in the region. In general it is planned to implement 10 projects which will create 1200 jobs by the end of the year.

Source: Ministry of Foreign Affairs of the Republic of Kazakhstan

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