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Prime Minister Askar Mamin participates in plenary session of Kazakhstan Global Investment Roundtable

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At the plenary session, issues of increasing competitiveness, development of transport and logistics, agro-industrial potential, financial markets and technologies, privatization of state assets were discussed.

The Prime Minister Mamin noted that investments were and remain a fundamental factor in the growth and development of the economy of Kazakhstan. In 2018, over $24 billion of foreign direct capital was invested in Kazakhstan, which represents more than 90% of the total foreign direct investment in Central Asia.

In order to enhance the flow of international capital into the economy of Kazakhstan, the Government is introducing new approaches in the field of investment policy, providing comprehensive support to investors.

Mamin invited the forum participants to explore business and investment opportunities in Kazakhstan, including as part of the privatization program. Kazakhstan, in turn, offers all investors a favorable business climate.

New approaches to renewing existing human, energy, and logistics capital underline our attention to the development of new and promising industries � future engines of economic growth, said Mamin.

As a result of the forum, investment agreements were reached and commercial agreements were signed on 45 projects worth $8.9 billion.

At the AEF-2019, Prime Minister Askar Mamin held a meeting with a delegation of German Committee on Eastern European Economic Relations headed by Managing Director Michael Harms, where they discussed issues of further development of trade, economic and investment cooperation.

At the end of 2018, the trade turnover between Kazakhstan and Germany increased by 10.8% and reached a historically new level of $2.1 billion. The well-established bilateral cooperation of the countries contributes to the active creation of Kazakh-German enterprises. Over the past 4 years, German companies in Kazakhstan have implemented investment projects worth about 2.4 billion euros, over the past year over 190 million euros have been invested in joint projects.

The meeting participants expressed their intention to increase cooperation in the manufacturing industry, energy, engineering, transport, agriculture, education and digitalization.

Source: The Prime Minister of Kazakhstan

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