It is planned to attract over half a billion dollars of investments in the Atyrau region in near future. Currently the city is hosting the third international investment forum "Atyrau Invest 2016". Nine memoranda have been signed with domestic and foreign investors worth more than 600 million of U.S. dollars. Investors are urged to launch projects in the oil sector. In response, they are offered a variety of preferences and privileges. About 700 joint ventures and foreign companies are already operating there. The region cooperates with 50 countries and is considered the leader in attracted investments in the country.

 

Nurlan NOGAYEV, GOVERNOR OF ATYRAU REGION:

About $4 billion have been invested in fixed assets in the Atyrau region in eight months. $2.5 billion of these is foreign investments. And this pace will only gain momentum.

 

Also measures to protect the rights of entrepreneurs have been discussed at the forum. This is particularly important for local businessmen actively cooperating with neighboring countries. The memorandum was signed with the Russian side a few months ago that let Kazakh businessmen to receive support in the neighboring country. The forum also featured the exhibition of 50 projects requiring investment, including the plant for biofuel production, logistics center, a tourist complex, racecourse and others.

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