Eurasian Star Business & Economy Investment attraction reviewed in Kazakhstan
Business & Economy KZ

Investment attraction reviewed in Kazakhstan

On December 11, Kazakhstan Prime Minister Olzhas Bektenov held a meeting of the Board of Directors of JSC National Company Kazakh Invest to review the results of the company’s work and plans for further attraction of investments into the country’s economy.

Chairman of the Board of NC Kazakh Invest JSC Yerzhan Yelekeyev reported that this year, as a result of joint work with central and local government agencies, 22 investment projects worth $1.1 billion were launched with the creation of about 4.8 thousand jobs.

In addition, investment agreements worth $2.5 billion were signed on 7 projects, including construction of a 1GW wind power plant in Zhambyl region, production of dairy products in Almaty region, and construction of a greenhouse complex in Shymkent city.

A new targeted approach to attracting investments into promising sectors of the Kazakhstani economy was introduced. Four directions have been defined: deep grain processing, carbon chemistry, petrochemistry, and production of oil and gas equipment.

In the next three years it is planned to attract $10 billion for implementation of large projects together with such companies as CHN Energy, Carlsberg, PepsiCo, ULTRADECOR, LASSELSBERGER GROUP and others.

There is progress in the digitalization of investment activities. Work is underway to create an integrated ecosystem to support investment projects at all stages — from their initiation to commissioning and subsequent three-year monitoring.

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