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Kazakh Invest: The task for 2018 is to attract investors to implement 17 large projects worth 16.4 billion USD

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by February 27, 2018 Business

During today’s Government meeting chaired by Prime Minister Bakytzhan Sagintayev, Chairman of the Board of NC Kazakh Invest Saparbek Tuyakbayev reported on the work carried out to attract foreign investments within the framework of the National Investment Strategy of Kazakhstan for 2018-2022.

Chairman of the Board of Kazakh Invest Saparbek Tuyakbayev said that, based on the needs of the economy, a list was compiled of 145 projects involving foreign investors for a total of 47.8 billion USD, creating about 35 000 jobs.

With the involvement of Akimats and state agencies, 2018 will see the launch of construction of 15 projects involving foreign investments for 1.6 billion USD and the commissioning of 23 projects worth 3 billion USD. Thus, in the context of the regions of Kazakhstan, the largest number of investment projects planned for commissioning falls on Almaty region – 5 projects (179 million USD), South Kazakhstan region – 5 projects (1.9 billion USD), Almaty – 5 projects (187 million USD), Astana – 2 projects (244 million USD) and Kostanay region – 2 projects (14 million USD).

In addition, this year the task is to attract investors for the implementation of 17 large projects worth 16.4 billion USD with the signing of a binding document.

For the purpose of attracting investors, currently 50 niche projects have been prepared together with Deloitte. Investment proposals comply with international standards and are already in operation. This year we will prepare new investment proposals with the involvement of international consultants, the Big Four, Source: Kazakhstan 2050 Saparbek Tuyakbayev said.

Within the framework of the implementation of the National Investment Strategy, work with investors is built according to the targeting principle. Thus, by April 2018, a “Country Strategy” or a guide to work with a particular country will be created for each priority country or group of countries. In addition, an innovation in this direction is the attraction of companies specializing in attracting investments (Multiplier), from countries such as Ireland, Spain, the Netherlands, Italy, Russia, and others.

“We are also focusing on providing comfortable conditions for foreign investors. A system of early response to the problematic issues of investors is being introduced. This is strengthening the “investment ombudsman”. Also in the first half of 2018, a call center will be launched to help investors during their stay in Kazakhstan, Source: Kazakhstan 2050 the Kazakh Invest Chairman said.

In May, the invest.gov.kz site launched an information-and-monitoring system for investor relations (CRM). Each investor will have access to the CRM system. Thus, the authorized bodies will not only track the process of attracting investments, implementing investment projects, but also identify problematic areas, analyze the causes of their occurrence and quickly eliminate them. This tool will provide prompt feedback to the investor.

Saparbek Tuyakbayev also stressed that Kazakh Invest employees will provide all kinds of support to family members of investors, beginning with migration issues up to registration in polyclinics and schools.

In conclusion, it was noted that today all conditions for the work of investors were created in Kazakhstan. In this regard, Kazakh Invest’s primary task is to take the necessary measures to implement key projects jointly with the relevant Ministries, national companies and Akimats.

Reports on ongoing work in their respective fields were also made by Chairman of the Board of NMH Baiterek JSC A. Arifkhanov, Akim of West Kazakhstan region A. Kulginov, Akim of Zhambyl region A. Myrzakhmetov, and Akim of Akmola region M. Murzalin.

Source: Government of the Republic of Kazakhstan

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