Foreign investors are planning to implement 32 projects in Kazakhstan in the next two years. As reported in "KAZAKH INVEST" national company, they are worth about $8.5 billion. Entrepreneurs from the regions are offering their projects as well. "KAZAKH INVEST" received about 500 applications and selected 130 of them that might pose interest for potential investors. All projects will be implemented in the most prioritized sectors of the economy. In the future, they will be presented on the road show to foreign partners.

 

NURSULTAN DZHIENBAYEV, DEPUTY CHAIRMAN, KAZAKH INVEST:

 - Kazakh Invest has set six priority sectors that might interest our investors in terms of offered benefits. They are agro-industrial complex, chemistry and petro chemistry, pharmaceutics, engineering, infrastructure, and trade. There are such preferences as exemption from taxes, land tax, value added tax, customs privileges at a zero rate for the import of equipment. 

 

Citizens of more than 60 countries can stay in Kazakhstan without the visa from 14 to 90 days. Businessmen are offered the so called investors’ visa issued after applying to Kazakhstan’s Ministry of Investments and Development. Kazakhstan’s favorable investment conditions have already attracted the world’s leading companies. ‘Grace’ American company intends to launch a joint project with Kazakhstan’s United Chemical Company. The French ‘Air Liquide’ is constructing a plant for production of technical gases in Pavlodar’s refinery. The German LindeGroup is implementing a similar project worth nearly $140 million on the basis of Arcelor Mittal. Foreign investors are also interested in pharmaceutics. Such European companies as Hikma Pharmaceuticals and Pfizer are planning to open their productions in Kazakhstan. Polpharma has recently signed an agreement on creation of a large pharmaceutical cluster in the southern Kazakhstan.

 

NURSULTAN DZHIENBAYEV, DEPUTY CHAIRMAN, KAZAKH INVEST:

 - We are developing 200 projects worth about $40 billion with foreign companies, and investors. Many companies reinvest, open additional factories. Therefore, we are not only attracting new investors, but also help those companies that are already operating in the market.

 

Kazakh Invest branch offices are located in China, Turkey, the USA, Russia, Germany and France. Their main task is to attract foreign transnational companies.  Kazakh Invest will soon open its offices in the UAE and the UK. Foreign partners are offered a full spectrum of support according to one stop shop principle starting from the development of a project to launching production in Kazakhstan. This approach lets attract investments more effectively, Kazakh Invest representatives say.

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