Prime Minister Askar Mamin chairs meeting of Investment Headquarters

At a meeting of the Investment Headquarters chaired by Prime Minister Askar Mamin, new approaches to investment management were considered, which were presented in the framework of the Supreme Council for Reforms under President.

Minister of National Economy Asset Irgaliyev noted that the National Development Plan of Kazakhstan until 2025, as well as the election program of the Nur Otan party, set a goal to bring the volume of investments in fixed assets in 2025 to 30% of GDP, foreign direct investment to $30 billion.

To achieve these targets, systemic measures will be implemented for targeted and proactive investment attraction. The priority sectors for attracting investments are the agro-industrial complex, tourism, infrastructure, mechanical engineering, pharmaceuticals, mining and metallurgy, petrochemicals, IT, education and other industries with a high level of added value.

Indicators of target investment volumes are decomposed by industry, government agencies and regional akimats, broken down by year.

Deputy Prime Minister - Minister of Foreign Affairs Mukhtar Tleuberdi reported on the formation of a pool of over 1,600 projects worth 32.4 trillion tenge.

As part of the implementation of new approaches to intensify the inflow of foreign direct investment, three-year Country Programs for foreign institutions of the Ministry of Foreign Affairs of the Republic of Kazakhstan have been developed and adopted.

Each program reflects the targeted industries and companies of a particular country, taking into account the specifics of the structure of its economy.

Minister of Agriculture Saparkhan Omarov noted that within five years in the agricultural sector it is planned to implement about 400 investment projects totaling 4.1 trillion tenge. This will make it possible to increase the volume of gross agricultural production by 1.3 times, and exports by 2 times by 2025.

At the same time, by 2023, the domestic market will be saturated with domestic products for the main socially significant food products.

Akim of the Karaganda region Zhenis Kassymbek reported that this year it is planned to attract at least 810 billion tenge of investments to the region in such industries as mechanical engineering, metallurgy and mining and metallurgy. By the end of the year, 14 projects worth 282.2 billion tenge will be completed with the creation of more than 2.5 thousand new jobs.

Akim of Kostanay region Archimedes Mukhambetov noted that in the next five years 59 projects worth more than 1.6 trillion tenge are planned to be implemented in the region in such sectors as mechanical engineering, agriculture, renewable energy, healthcare, etc.

Chair of the Agency for Strategic Planning and Reforms - Governor of the Astana International Financial Center Kairat Kelimbetov reported that the new algorithm for working with foreign and domestic investors provides for a detailed verification of the AIFC and NC Kazakh Invest JSC of all investment projects.

To improve the efficiency of interaction with investors, a special negotiating team Task Force will be created from experts from the AIFC unit Business Connect and JSC NC Kazakh Invest.

In addition, the participation in the work on attracting investments from the subjects of the quasi-public sector - SWF Samrk-Kazyna JSC and NMH Baiterek JSC will expand.

“Formation of a new investment cycle is a key condition for the restoration of business activity and further qualitative growth of the economy,” Mamin said.

The Investment Headquarters will become the key decision-making center for the conclusion of Strategic Investment Agreements. Based on the results of the work, the Government will form a National Investment Report on an annual basis.

Stay updated about the events of the Prime Minister and the Government of Kazakhstan - subscribe to the official Telegram channel

Subscribe