The Prime Minister of Kazakhstan

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Government of Kazakhstan considers measures to improve country’s investment attractiveness

20 December 2018, 18:45
Photo: primeminister.kz

Prime Minister Bakytzhan Sagintayev chaired a meeting of the Government Council on Attracting Investors in Ukimet Uyi.

At the meeting, issues of further improving the investment climate in the country were discussed, and a presentation of new approaches to a package of legislative changes aimed at improving investment legislation was held.

The draft law was prepared based on the results of joint discussions and system analysis in the framework of dialogue platforms with investors. The adoption of the proposed approaches will contribute to a significant improvement in the investment attractiveness of the country.

Over the past 13 years (from 2005 — I half of 2018), the gross inflow of direct investments in Kazakhstan amounted to $277 billion. In the first half of 2018, the volume of gross FDI showed an increase of 15.4% and amounted to $12.3 billion half year 2017 — $ 10.5 billion).

For 10 months of 2018, the volume of attracted investments in fixed assets amounted to 8.6 trillion tenge, which is 20.8% (or 2.1 trillion tenge) more compared to the same period last year. At the same time, the share of foreign investments amounted to 29.5% (2.5 trillion tenge).

In 2018, 29 projects were implemented with the participation of foreign investors in the amount of $ 3.45 billion with the creation of 6 thousand jobs, of which 8 projects with the participation of TNCs in the amount of $604 million with the creation of 1.3 thousand jobs.

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