Almaty attracts foreign investors

allmaty-2aa

ALMATY (TCA) — A council to attract investors has been created in Kazakhstan’s largest city, Almaty. The resolution on the council’s establishment was signed by Almaty Mayor Bauyrzhan Baibek, Novosti-Kazakhstan news agency reported.

“The Council includes large Kazakhstani and foreign investors, representatives of international consulting companies and financial organizations. The main task of the Council is developing recommendations and proposals for improvement of the investment climate in Almaty, a strategy for attraction of foreign investments in the city’s economy and implementation of investment projects,” the press service of the Almaty Mayor said last Friday.  

Municipal authorities expect that the Council’s establishment will help strengthen dialogue between the state and investors.

According to the municipal press service, the Center for Investors Services is already working in Almaty, which looks for and provides services to investors according to the “one-window” principle.  

The Almaty authorities are working to attract the leading international brands to the city. In particular, a Starbucks chain of coffeehouses opened in Almaty last December. French retail chain Carrefour, the world’s second-largest retailer after US-based Wal-Mart Stores, plans to open its first supermarket in Almaty in the first quarter of 2016, the Mayor’s press service said.     

Another large French retailer, Leroy Merlin, plans to open trading outlets in Almaty and Almaty province before the end of this year.  

Sergey Kwan

TCA