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Investment projects awarded in Kazakhstan

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by December 2, 2016 Legal

In Astana, with participation of the Minister for Investment and Development of the Republic of Kazakhstan, Zhenis Kasymbek, the fourth award ceremony for foreign investors for active activities in Kazakhstan, dedicated to the 25th anniversary of independence, was held. The event was organized by National Agency for Export and Investment KAZNEX INVEST, JSC under the Ministry for Investments of the Republic of Kazakhstan. The solemn ceremony was held with the participation of foreign investors, heads of foreign diplomatic missions, business associations and organizations.

Ten companies were awarded for investment activities, that have contributed to the industrialization of Kazakhstan, expansion of investment activities and the development of high-tech enterprises in such sectors of the economy as agriculture, food processing, oil and gas and construction industry, automotive industry, chemical industry, mining and metallurgical complex, transport infrastructure .

In 2016, awards of the Ministry of Investment and Development were received by the following companies successfully operating in Kazakhstan from one year to twenty years: a joint venture to develop and operate of the Karachaganak oil and gas field “KPO”, an Italian manufacturer of pipe products Tenaris, a Japanese company for the extraction and processing of uranium Marubeni Corporation, a German manufacturer of constructional materials HeidelbergCement, a South Korean company engaged in the development of environmentally friendly types of fuel KOLON, a Russian producer of fats EFKO, a Chinese Pharmaceutical Company Kelun Kazpharm, a Turkish company producing confectionery Pladis, known in Kazakhstan as ULKER. There have also been awarded the European Bank for Reconstruction and Development for investment activities in the development of Kazakhstan’s economy and Association Kazakhstan Council of Foreign Investors for its contribution to the strengthening of the dialogue between government and foreign investors.

Source: Ministry of investments and Developments

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