Scandinavian countries interested in projects in Kazakhstan’s Aktobe region

AKTOBE, Kazakhstan (TCA) — This was stated by ambassadors of Norway, Sweden, and Finland during their meeting with representatives of medium and large businesses in Aktobe, the Atameken National Chamber of Entrepreneurs of Kazakhstan reported on its website on March 16.

The head of the Chamber of Entrepreneurs of the Aktobe region, Nurlybek Mukanov, outlined potential areas of investment in the region.

The ambassadors were informed that in 2015 Kazakhstan amended the law on attraction of investments providing tax incentives and subsidies of up to 30 percent of a project cost.

There is a Center for servicing investors in Aktobe, whose staff provides assistance to investors from the start to the launch of a project. There is also an industrial area with infrastructure for investors.

The Ambassador of Norway to Kazakhstan Ole Johan Bernie said that his country is interested in cooperation in oil, gas and mining sectors. In addition, Norway imports grain from Kazakhstan, which imports Norwegian seafood.

The Swedish Ambassador Christian Camille said that information about the potential of the Aktobe region is being collected now, and there is the intention of Swedish companies to invest in projects in agriculture and mining sectors.

The region’s trade with these countries is about US $150 million, but this figure does not fully reflect the economic potential of the Aktobe region. There are many possibilities for mutually beneficial cooperation. Scandinavian companies are interested in investing in oil and gas, mining, agriculture, fisheries, chemical industry, and processing of solid waste.


Times of Central Asia