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Kazakh Invest presents opportunities of special economic zones of Kazakhstan to foreign investors

06 October 2017, 14:40

Today, on October 6, Kazakh Invest JSC presented the opportunities of the special economic zones (SEZ) of Kazakhstan for representatives of the foreign and domestic business community within the framework of the road show in the city of Aktau.

The event was attended by representatives of the Government of Kazakhstan, national companies, financial institutions, as well as Kazakhstani and foreign businesspeople, international experts, managers of the special economic zones of foreign countries.

The road show included a business forum where the presentation of Kazakhstan's investment climate took place, detailed information on the activities and opportunities of each SEZ RK, the specific conditions of their residents and successfully implemented projects. In addition, a number of B2B meetings were held.

The forum was held with the participation of Akim of Mangistau region Yeraly Tugzhanov, Deputy Chairman of the board of Kazakh Invest NC Birzhan Kaneshev, Consuls General of Azerbaijan, Turkey, Iran, Lithuania.

In the welcome speech, Deputy Chairman of Kazakh Invest Birzhan Kaneshev spoke about the key tasks and goals of the road show.

"This event is organized in Kazakhstan for the first time and is a platform for direct negotiations between managing companies of SEZ/IZ, residents of SEZ and authorized state bodies on the one hand, and potential investors on the other. Such measures improve the activities of special economic and industrial zones in the country," B. Kaneshev said.

At the same time, the speaker also talked about the main task of Kazak Invest for the near future: attracting and retaining foreign direct investment (TNCs and anchor projects), as well as creating conditions for further reinvestment of the capitals of these companies into Kazakhstan's economy.

It should be noted that the SEZ has long been included in the world practice and experience of countries where they have become not only the norm, but also bring tangible benefits to the state and the development of the investment climate.

It is known that in order to activate the accelerated development of the regions, attract investment, technology, create highly efficient and competitive industries, ten SEZs were created in the Republic of Kazakhstan by the Decree of the Head of State.

The SEZs of the cities of Aktau, Atyrau, Shymkent, Almaty, Taraz, Pavlodar were presented at the Forum's fields.

It should be noted that for the purposes of cluster development of regions, SEZs have a different sectoral focus. So, for example, SEZ “Ontustyk” specializes in the textile industry, SEZ “PIT” on information technologies, and SEZs "Pavlodar" and "Atyrau" on chemistry and petrochemistry.

Managing Director of the Development Department of the Kazakh Invest NC SEZ Yerkezhan Amirkhanova noted in her speech that today about 160 investment projects have been implemented on the territory of the SEZ, of which 20% are foreign. More than 11 thousand people work at SEZ sites.

According to the results of the event, guests who had arrived from Turkey, Saudi Arabia, Malaysia, the USA, Hungary and other countries expressed their interest in the investment opportunities of Kazakhstan and established business contacts with domestic companies and showed interest in further cooperation.

For reference:

Kazakh Invest National Company is the national agency for attracting investments to the Republic of Kazakhstan, which provides a full range of services for supporting investment projects from idea to implementation on the principle of ‘Single window’ and acts as a single coordinating center for the SEZs of Kazakhstan.

The National Company plays the role of a single negotiator representing the interests of the Government of the Republic of Kazakhstan in the discussion of prospects and conditions for the implementation of investment projects. It has a network of its representatives abroad.