Attracting Investments - Kazakh TV

The favorable investment climate and stability are key factors that attract foreign businesses to Kazakhstan. Investors see the republic’s geographical position, particularly, near the rapidly growing markets of China and Russia, as the competitive advantage. Chinese businessmen intend to cooperate with enterprises located in the Pavlodar special economic zone. They have expressed interest in purchasing the calcined petroleum coke in large volumes and it will be shipped to an aluminum plant in the Xinjiang Uygur Autonomous Region. The Chinese entrepreneurs are also interested in the local agrochemical production and food industry enterprises. They are ready to buy grain, vegetable oil, cereals, dairy and meat products.

CHEN GAN, VICE PRESIDENT, CHINESE COMPANY:

 - In Xinjiang, we currently produce more than three million tons of aluminum. There will be high demand for coke. If there is an appropriate quality and quantity in the Pavlodar region, we are happy to buy 100 to 150 tons per year.

AIBEK TURSYNGALIYEV, CHAIRPERSON, PAVLODAR SPECIAL ECONOMIC ZONE:

- All projects are quite interesting for the Chinese businessmen. I believe that in the near future we will find a common ground and we will begin great work.

Turkish businessmen are also showing a great interest in the creation of joint ventures. Over the past year, 12 big Turkish investors have decided to implement 15 projects worth $660 million in Kazakhstan. The great potential of the agro-industrial sector of the republic attracts the Turkish businessmen.

FARUK EROGLU, CHAIRPERSON, MANAGING BOARD OF AGROBEST COMPANY:

 - We want to invest in the agro-industrial complex of Kazakhstan. For this purpose, we received five hectares of land in the Kairat village of the Almaty region. We will begin installation and construction works as soon as we solve infrastructure issues.

IBRAHIM OKUMUS, SPOKESPERSON, COUNCIL OF TURKISH-KAZAKH ENTREPRENEURS IN TURKEY:

 - All conditions for a profitable investment have been created in Kazakhstan. Local and foreign investors are encouraged to enter the Eurasian continent with 180 million populations. This is possible due to the fact that there are no customs and tax barriers in Kazakhstan. We look forward to the opening of the Astana International Financial Center on July 5th. This center can become the driving force of the country's economy.

According to official data, 32 projects worth $1.4 billion with the participation of the Turkish capital have been implemented in Kazakhstan. The funds are used for the development of construction, light and chemical industries, as well as motor vehicles industry.

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