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Kairat Abdrakhmanov: The MFA’s key focus of work is attraction of foreign investments

by May 18, 2017 World Sports

The key focus of the activities of the Ministry of Foreign Affairs remains the attraction of foreign investments, assistance to domestic exporters in promoting finished products to the world markets, as well as assistance in implementing industrial and innovative projects and the Nurly Zhol Program. This was reported by Minister of Foreign Affairs Kairat Abdrakhmanov today at a press conference at the Government’s press center.

The Head of State identified promising mechanisms in this direction, in terms of efficiency. Including the development and adoption of the National Investment and Export Strategy, creation of national companies for investments and export Kazakh Invest and Kazakh Export, and the redistribution of powers within the Government’s structure on foreign trade issues.

According to Kairat Abdrakhmanov, Kazakhstan has created effective institutions for interaction with investors at all levels.

Regular meetings of the Council of Foreign Investors are routinely chaired by the Head of State, the latest of which will be held during the holding of EXPO-2017 in Astana. There is the Council for Improving the Investment Climate, headed by the Prime Minister, and also the Government Council on Attracting Investors, the so call Investment Headquarters. The Institute of the Investment Ombudsman also operates, � K. Abdrakhmanov noted.

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

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

Source: Government of the Republic of Kazakhstan