Kazakhstan introduces a new method of cooperation with investors. Foreign investors will be able to promote their projects through a single information portal from abroad. This decision was announced at the Government that also intends to reorganize Kaznex Invest. It will be given a higher status of the national company and named Kazakh Invest. The Board of Directors will be headed by Kazakh Prime Minister; other members of the Board will be Ministers and independent foreign consultants. One of the main priorities of the company will be attraction of transnational companies in Kazakhstan.

SAPARBEK TUYAKBAEV, CHAIRMAN, KAZAKH INVESTMENT COMMITTEE:

There is a big difference between individual investment organizations and national companies that deal with investing in a state level. That is, the company was given this status in order to negotiate with transnational companies in the future.

It will change the principle of cooperation with investors. For instance, foreign businessmen will have no need to contact with local authorities; Kazakh Invest will be responsible for that. Special economic zones will be administered by foreign specialists. Negotiations are underway with one of the companies in Dubai. It will search for investments for Khorgos and Aktau seaport. Experts from the famous Irish company will administrate Karaganda special economic zone. Food industry will be given special attention in terms of investments attraction.

SAPARBEK TUYAKBAEV, CHAIRMAN, KAZAKH INVESTMENT COMMITTEE:

We are working on more than 20 large-scale food industry projects such as: meat processing, rape oil, fat and oil mills, dairies, baby food. We’ve come to the agreement. The projects will be launched this year.

Along with the national company, investments will be also attracted by Kazakh diplomats. Kazakh Foreign Ministry is developing 200 projects worth 40 billion tenge.

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