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Kairat Abdrakhmanov: the attraction of foreign investments is the key direction of the work of the MFA of the Republic of Kazakhstan

by May 18, 2017 Key Issues

The Head of State of the Republic of Kazakhstan identified promising mechanisms, in terms of effectiveness, in this direction. Including the development and adoption of the National Investment and Export Strategy, the creation of national companies for investment and export – Kazakh Invest and Kazakh Export, as well as the redistribution of powers within the structure of the Government on foreign trade issues.

According to Minister Kairat Abdrakhmanov, effective institutions for interaction with investors at all levels have been created in Kazakhstan.

“Meetings of the Council of Foreign Investors under the chairmanship of the Head of State are held regulary, the next meeting is scheduled during the EXPO-2017 in Astana. The Council for Improving the Investment Climate, headed by the Prime Minister of the Republic of Kazakhstan, and the Governmental Council on attracting investors, the so-called “Investment Headquarters” are functional. The Institute of the Investment Ombudsman is also operating, ” K. Abdrakhmanov noted.

The Minister also informed that in general, by joint efforts of state bodies for the period 2005-2016, $242 billion of direct foreign investments were attracted to Kazakhstan, of which $20.6 billion were attracted last year.

In 2016, more than 300 events on trade, economic and investment topics were held abroad, over 600 visits of foreign delegations to Kazakhstan, and Kazakhstan economic delegations to foreign countries were organized with participation in various events, as well as with purposeful meetings and negotiations with potential partners.

Source: The Prime Minister of Kazakhstan