NATIONAL STRATEGY ON ATTRACTING INVESTMENTS
Kazakhstan will elaborate a national strategy on attracting investments this year. As stated at the Investment Committee, the strategy will give a clear view of how, where and whence to invest. The strategy will also define all the promising industries and niches that need investment. The best investment projects will be selected in every region of Kazakhstan. They will be monitored by a special system that will be launched by the end of the year. It will involve all those responsible for stimulating investment as well as foreign partners. The system’s pilot version is already in operation. It included 300 investment initiatives worth $55 billion. Kazakh Ministry of Investments and Development is planning to simplify the visa and permits issuing procedure for investors.
YERBOL TASZHUREKOV, DEPUTY CHAIRMAN, INVESTMENT COMMITTEE, KAZAKH MINISTRY OF INVESTMENTS AND DEVELOPMENT:
- Additional lending will obviously make a positive impact on the expansion of investment opportunities in the implementation of large projects. We are developing the package of additional measures that needs to be approved by the Ministry, the National Bank, National Managing Holding ‘Baiterek’ and other international financial organizations and funds.
According to the Kazakh Investments and Development Ministry, the gross inflow of foreign direct investment in Kazakhstan made up more than $20.5 billion, which is 40% higher compared to 2015. The greater interest is caught by such industries as information technology, electric power supply, and mining. There is a growing volume of investments in pharmaceuticals, metallurgy, wooden and paper products manufacturing.