Kazakhstan’s Kostanai region attracting investors

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ASTANA (TCA) — The Kostanai-Invest 2017 forum was held in the Kostanai region in northern Kazakhstan last week with the participation of Kazakh Government members, representatives of the diplomatic corps, domestic and foreign experts and entrepreneurs. The forum discussed promising directions of cooperation between foreign and domestic entrepreneurs in the Kostanai region, the Atameken National Chamber of Entrepreneurs of Kazakhstan reported.

Speaking at the forum, Deputy Chairman of Atameken’s Board Nurzhan Altaev said that the Kostanai region is one of the most successful and actively developing regions of the country, with agriculture having a great potential for growth.

Altaev called on investors to consider the agro-industrial sector of Kostanai region as one of the promising areas for cooperation.

“The time has come when it is necessary to look for the export of products with high added value, to focus on processing,” Altaev said.

According to him, today the export of beef, mutton and chicken eggs to Saudi Arabia and the United Arab Emirates is promising.

“The state agencies and Atameken are actively working on establishing channels for the export of domestic products. As a result of a Kazakh-Uzbek business forum, 92 documents on cooperation were signed by entrepreneurs of the two countries for a total amount of 840 million US dollars. During the [Kazakh] President’s return visit to Tashkent [earlier this month] there was also a business forum, which resulted in the signing of 37 contracts totaling more than 560 million USD. Of these contracts, a significant part relates to the sphere of the agro-industrial sector, and, first of all, the export of wheat and flour,” Altaev said.

Sergey Kwan

TCA