Kazakhstan to boost attraction of foreign investments

ASTANA (TCA) — The government of Kazakhstan has prepared a list of 145 projects involving foreign investors for a total amount of $47.8 billion with creation of about 35 thousand jobs, Saparbek Tuyakbayev, chairman of the Board of Kazakh Invest national company for investment support and promotion, said at the Government meeting on February 27. The meeting discussed the work on attracting foreign investments as part of the implementation of the National Investment Strategy of Kazakhstan for 2018-2022, Kazakh Invest reported.

Tuyakbayev reported that in 2018, the Akimats (state administrations) jointly with the government authorities will initiate the construction of 15 projects with participation of foreign investments for $1.6 billion and will commission 23 projects for $3 billion. In the context of the regions of Kazakhstan, the largest number of investment projects planned to be commissioned are in Almaty region — 5 projects ($179 million), South Kazakhstan region — 5 projects ($1.9 billion), Almaty city — 5 projects ($187 million), Astana city — 2 projects ($244 million), and Kostanay region — 2 projects ($14 million).

In addition, this year the task is to attract investors for the implementation of 17 large projects for $16.4 billion with the signing of binding documents.

By April 2018, a “Country strategy” or a guide to work with a specific country will be created for each priority country or group of countries. The innovation in this direction is the involvement of companies specializing in attracting investments (Multiplier) from such countries as Ireland, Spain, the Netherlands, Italy, and Russia.

This June, Invest.gov.kz website will launch the information and monitoring system for the work with investors. Each investor will have access to the system. Thus, the authorized bodies will not only track the process of attracting investments, implementation of investment projects, but also will identify problem areas, analyze the reasons for their occurrence and will promptly eliminate them. Such tool will provide quick feedback to the investor.

Sergey Kwan


Sergey Kwan has worked for The Times of Central Asia as a journalist, translator and editor since its foundation in March 1999. Prior to this, from 1996-1997, he worked as a translator at The Kyrgyzstan Chronicle, and from 1997-1999, as a translator at The Central Asian Post.
Kwan studied at the Bishkek Polytechnic Institute from 1990-1994, before completing his training in print journalism in Denmark.

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