Task for 2018 is to attract investors for implementation of 17 large projects worth $16.4 billion — Kazakh Invest

Today, at the Government meeting chaired by the Prime Minister Bakytzhan Sagintayev, the Chairman of the Board of Kazakh Invest NC, Saparbek Tuyakbaev, made a report on the work carried out to attract foreign investments within the framework of the National Investment Strategy of Kazakhstan for 2018-2022.

Chairman of the Kazakh Invest Board Saparbek Tuyakbaev said that, based on the needs of the economy, a list of 145 projects with the participation of foreign investors for a total of $47.8 billion with the creation of about 35 thousand jobs was prepared.

In 2018, together with akimats and state bodies, construction of 15 projects involving foreign investments for $1.6 billion and commissioning of 23 projects worth $3 billion will start. Thus, in the context of the regions of Kazakhstan, the largest number of investment projects planned for commissioning fall on Almaty region — 5 projects ($179 million), South Kazakhstan region — 5 projects ($1.9 billion), Almaty — 5 projects ($187 million), Astana — 2 projects ($244 million) and Kostanay region — 2 projects ($14 million).

In addition, the task for this year is to attract investors for the implementation of 17 large projects worth $16.4 billion with the signing of a binding document.

"To attract investors for today, together with Deloitte, 50 niche projects have been prepared. Investment proposals comply with international standards and are already in operation. This year we will prepare new investment proposals with the involvement of international consultants, the Big Four," said Saparbek Tuyakbaev.

Within the framework of the implementation of the National Investment Strategy, work with investors is built according to the address principle. So, by April 2018, for each priority country or group of countries, the Country Strategy or a guide to work with a particular country will be created. In addition, the innovation in this direction is the attraction of companies specializing in attracting investments (Multiplier), from countries such as Ireland, Spain, the Netherlands, Italy, Russia, and others.

"We are also focusing on providing comfortable conditions for foreign investors. An "early response" system is being introduced to the problematic issues of investors. This is strengthening the institution of the "investment ombudsman." Also in the first half of 2018, a call center will work to help investors during their stay in Kazakhstan," Kazakh Invest Chairman said.

In May, the invest.gov.kz site launched an information and monitoring system for investor relations (CRM). Each investor will have access to the CRM system. Thus, the authorized bodies will not only track the process of attracting investments, realizing investment projects, but also to identify problem areas, analyze the causes of their occurrence and quickly eliminate them. This tool will provide quick feedback to the investor.

Saparbek Tuyakbaev also stressed that Kazakh Invest employees will provide all kinds of support to members of families of investors, starting with migration issues up to registration in polyclinics and schools.

In conclusion, it was noted that today all conditions for the work of investors are created in Kazakhstan. In this regard, Kazakh Invest's primary task is to take the necessary measures to implement key projects jointly with the relevant ministries, national companies and akimats.

In the course of consideration of the issue, A. Arifkhanov, Chairman of the Board of Baiterek National Managing Holding JSC, akims of the West Kazakhstan region — A. Kulginov, Zhambyl region — A. Myrzakhmetov, and Akmola region — M. Murzalin reported on the work in their areas.

 

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