Kazakhstan awards foreign investors

ASTANA (TCA) — The 5th Annual Investor Award Ceremony for investment activity in Kazakhstan was held on December 14 in Astana, during which foreign investors who contributed to the implementation of projects in various sectors of the Kazakh economy were awarded, the official website of the Prime Minister of Kazakhstan reported.

By tradition, ten active foreign investors are annually awarded, which are represented by countries such as France, Germany, Russia, Turkey, China, the United States, the United Arab Emirates, and Singapore.

For investment activity in Kazakhstan in 2018, the following companies were awarded:

– French company Alstom (production of electric locomotives, production of dial electric drives);
– French company Air Liquide (production of technical gases) with the creation of about 100 new jobs;
– German company Linde Group (production of technical gases);
– German company Solarnet Investment (construction of a solar power station);
– Chinese company China Gezhouba Cement (construction of a plant for the production of cement products);
– Singapore-based company CG Corp Global (acquisition of the instant noodle plant Lotus);
– DTN company from the USA (introduction of systems for accurate weather detection (precision farming) – installation of 15 meteorological stations);
– Turkish company Eczacibasi Holding (construction of a plant for the production of sanitary paper and hygiene products, processing of lead-silver ores);
– Russian company Lukoil (construction of a plant for the production of lubricating oils);
– UAE company Phoenix (production of extruded feed).

Ten nominees of the event are implementing projects worth over $1 billion and have created about 2,500 new jobs in Kazakhstan.

Sergey Kwan

TCA