Kazakhstan to invite management companies to develop special economic zones

ASTANA (TCA) — For the effective development of Kazakhstan’s special economic zones, professional management companies will be attracted, Deputy Minister of Investment and Development Yerlan Khairov told a briefing on June 6, the official website of the Prime Minister of Kazakhstan reported.

With the purpose of creating new enterprises, it is necessary to introduce a phased use of land plots with a ready infrastructure, while taking into account the different orientation of the SEZs related to their specifics, the official said.

“We have SEZs focused on petrochemicals, metallurgy, on the development of logistics, tourism. It is not easy to immediately bring the world’s leading players into them. In order to include foreign investors in the SEZs it is necessary to attract professional management companies. Today Prime Minister Bakytzhan Sagintayev instructed us to activate this work,” Khairov said.

He reported on the negotiations to attract the leading company with experience in the UAE to the development of the SEZ Aktau Seaport. In addition, the Kazakh chemical and petrochemical cluster plans to invite successful companies from Singapore, and a well-known management company from Ireland plans to begin work on the development of a SEZ in the Karaganda region.

At the government meeting on June 6, Minister for Investment and Development Zhenis Kassymbek reported that a strategy has been developed for the further development of each SEZ in Kazakhstan.

In addition, it is planned to optimize the mechanisms of tax administration of SEZ participants to provide tax and other benefits. It is also planned to provide a simplified procedure for obtaining land plots and other permits.

According to the Ministry for Investment and Development, 10 SEZs in the sphere of manufacturing industry with different sectoral orientation have been created in the country.

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Times of Central Asia