US, China, Germany, France, and Turkey are Kazakhstan’s priority countries to attract investment


ASTANA (TCA) — At a meeting chaired by Kazakhstan Prime Minister Bakytzhan Sagintayev on February 15, Kazakh Invest national company for investment support and promotion reviewed its investment attraction plan for 2018, the official website of the Prime Minister of Kazakhstan reported.

Kazakh Invest plans to strengthen its presence in five priority countries: the US, China, Germany, France, and Turkey, where prominent businessmen with years of experience in attracting foreign investment and close ties with the business community of the host countries are involved in the work.

Priority will also be given to the implementation of agreements reached on the results of the recent visits by the Head of State to the United States, the United Arab Emirates, Japan, South Korea, China, and Turkey.

It was said that to improve the investment climate in Kazakhstan, a system has been built to monitor the degree of satisfaction with the country’s investment climate and develop proposals for its improvement.

The decision was made to optimize the structure of Kazakh Invest company — the number of the management personnel was reduced by more than twice, the number of departments was halved, and the total number of the staff was reduced by 10%.

Kazakh Invest national company was established by instruction of the Head of State on the basis of the Kaznex Invest National Agency for Export and Investment. Kazakh Invest acts as a single negotiator with target transnational companies and large investors on behalf of the Government of Kazakhstan.

Sergey Kwan