Prime Minister of the Republic of Kazakhstan Alikhan Smailov held a meeting of the Investment Headquarters, during which the issues of granting land plots in the form of state in-kind grants under investment contracts were considered.

Deputy Minister of Foreign Affairs Almas Aidarov informed at the meeting that state natuaral grants are provided in accordance with the List of priority activities both in the sphere of production of goods and in the sphere of production of services and fall under special cases that do not require tenders (auctions).

Natural grants are allocated by akimats in coordination with the Committee for Land Resources Management of the Ministry of Agriculture.

From 2005 to June 2023, the Investment Committee of the Ministry of Foreign Affairs of the Republic of Kazakhstan concluded 1438 investment contracts, 216 of them with land grants and created more than 37 thousand jobs.

Within the framework of these contracts, investments worth 2.2 trillion tenge were attracted, including 125 contracts in the field of services (construction of warehouses, facilities in the field of education, health care, hotel services, passenger transportation).

As a result of the meeting, the Prime Minister emphasized that the Head of State Kassym-Jomart Tokayev pays special attention to attracting investment and supporting business. The Government also carries out active work in these directions.

In this regard, Alikhan Smailov instructed the responsible state bodies to update the normative legal acts in order to improve the law enforcement practice of allocation of land grants.

#Alikhan Smailov #The Prime Minister of the Republic of Kazakhstan #Investments