Kazakhstan awards foreign investors

ASTANA (TCA) — With the support of the Ministry for Investments and Development of Kazakhstan, together with national investment promotion company Kazakh Invest, the fourth annual ceremony of awarding foreign investors for their investment activity in Kazakhstan was held in Astana on December 22, the official website of the Prime Minister of Kazakhstan reported.

The Vice Minister for Investments and Development Yerlan Khairov opened the ceremony attended by investors, heads of foreign diplomatic missions, business associations and organizations.

Khairov said that since the first years of independence, Kazakhstan has been counting on economic growth through creating favorable conditions for foreign investors.

“Over the past 12 years, thanks to the work that our state has carried out to improve the investment climate, the inflow of foreign direct investment into Kazakhstan’s economy has amounted to more than $250 billion,” Khairov said.

At the ceremony, five companies were awarded in such sectors of the economy as agro-industrial complex, manufacturing industry, logistics infrastructure, mining and metallurgical complex, and pharmaceutical industry.

The Cyprus company Mareven Food Tian-Shan (production of food products and semi-finished products) was awarded for investment activity in the development of the agro-industrial complex.

The Japanese company Tokyo Rope Almaty (production of steel products) was awarded for investment activity in the development of manufacturing industry.

The Chinese company Cosco Shipping (the construction of a dry port in the territory of the Khorgos – Eastern Gate SEZ) was awarded for investment activity in the development of the logistics infrastructure.

The Russian company Giessenhaus (production of alloyed aluminum) was awarded for investment activity in the mining and metallurgical sector.

The Polish company Himpharm Polpharma (production of solid tablets) was awarded for investment activity in the pharmaceutical industry.

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Times of Central Asia