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Wednesday, August 12th, 2020

Bakytzhan Sagintayev holds a meeting on issues of investment generation and export support

by February 16, 2018 Market

Today in Ukimet Uyi, Prime Minister Bakytzhan Sagintayev chaired a meeting on issues of attracting investments and developing the export potential within the framework of the instructions given by the Head of State at the extended Government meeting on 09.02.2018.

The meeting participants discussed new approaches to attracting investments and carrying out focused work with investors from 11 priority countries and projects involving transnational companies from 26 countries. With regards to export policy, the work plan for the current year was considered, including the creation of a one-stop-shop to support domestic exporters and their presence in key global export markets.

The Heads of national companies Kazakh Invest and Kazakh Export presented information on the measures taken and plans for the current year.

Following the meeting, the companies were specifically instructed to ramp up efforts and effectively implement the instructions of the Head of State.

For reference: The monitoring system of NC Kazakh Invest keeps track on 145 investment projects worth 47.8 billion USD, which entail the creation of35 000 jobs. Of these, 66 projects for the total amount of 10.7 billion USD are in the implementation phase. As of the end of 2017, 9 projects worth 188.9 million USD have already been implemented.

With regards to export policy, it is planned to open representative offices in 12 countries from among the key export markets. According to the results of 2017, the total figure for supported export contracts was 196 137 million tenge, 42 domestic producers were supported, and the number of foreign buyers is 108. Together with domestic financial institutions, several projects were implemented totaling 42.6 billion tenge.

Source: Government of the Republic of Kazakhstan