Investment attraction: Development of Ontustik special economic zone discussed in Shymkent

July 20 in Shymkent, the conference Global Experience of Special Economic Zones took place with the participation of Deputy Chairman of Kazakh Invest Birzhan Kaneshev, foreign organizations such as CEO, Investment Consulting Associates, World Free Zones Organization, delegations from Azerbaijan, Uzbekistan, Kyrgyzstan and Tajikistan.

 

At the conference, the special conditions of SEZ residents, successful implemented projects, development experience and further plans were shared with foreign partners and guests of the event.

"Today's event is a platform for direct negotiations, both from the management company of Ontustik special economic zone, SEZ residents, authorized state bodies, and from potential domestic and foreign investors, which in turn will allow to continue improving the activities of special economic zones in the country," said Kaneshev.

Along with this, topical issues of attracting foreign direct investment, measures of state support, recent trends in foreign direct investment and effective ways of developing special economic and industrial zones were discussed at the event.

In addition, within the framework of the forum, a round table was held to discuss the draft law and the development of the economic zone, the issues of self-sufficiency of the management companies of the SEZ taking into account the positive international experience were discussed.

It should be noted that this event will serve as an interactive platform for mutually beneficial cooperation and strengthening of business relations between expert organizations, government agencies, special economic zone and industrial zone authorities.

Recall, in order to accelerate the development of the regions, attract investment, technology, create highly efficient and competitive industries, 11 special economic zones were created by the Decree of the Head of State. For the purposes of cluster development of regions, economic zones have a different sectoral focus. For example, Ontustik Zone specializes in the textile industry and chemistry, petrochemistry, Park of Innovative Technologies Zone — on information technologies, Pavlodar Zone — on chemistry and petrochemistry, Saryarka Zone — on metallurgy and heavy engineering.

The Ontustik Special Economic Zone was established by the Decree of the President of Kazakhstan dated July 6, 2005, No. 1605 with the aim of accelerating the development of the region to activate the domestic economy’s entering the system of world economic relations, create highly efficient industries, also for the development of petrochemical, textile, chemical industries and to improve the quality and expand the range of products.

JSC “NC “Kazakh Invest” is the national agency for attracting investments in Kazakhstan. It provides a full range of services to support investment projects from an idea to implementation on the principle of “single window” and acts as a single coordinating center for SEZ in the Republic of Kazakhstan. Also, it acts as 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.

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