The Central Asian countries are boosting their investment attractiveness
The Central Asian countries are boosting their investment attractiveness. Every republic is developing specific measures to attract foreign businessmen. They understand that foreign investments are also needed in order to create a competitive and diversified economy. Kazakhstan holds a leading position in the region in creating favorable conditions for investors. The country has developed a national investment strategy, and introduced a simplified visa processing, tax and customs preferences.
YERLAN KHAIROV, KAZAKH VICE MINISTER OF INVESTMENT AND DEVELOPMENT:
- This is due to the investment climate created by the head of state; this is noted by all foreign investors. We joined the Investment Committee of the Organization for Economic Cooperation and Development this year. 01:21 01:40 We are engaged not only in creating a favorable investment climate, we are making investors to choose Kazakhstan and come to our country.
According to experts, investors become interested in Central Asia due to the development of regional integration projects, transport and logistics infrastructure including as part of the "Silk Road Economic belt" project.
LARISA DZHUMAGALIEVA, DEPUTY CHAIRWOMAN, INVESTMENT AND DEVELOPMENT COMMITTEE:
- It should be noted that Kazakhstan is the leader in attracting investment in the Central Asian region. 70% of attracted investments in Central Asia account for Kazakhstan. At the same time, Central Asia is located on the territory of the Great Silk Road, and we should utilize this opportunity, we are now attracting investors to logistics, infrastructure, and construction of transport and logistics centers on the territory of the Great Silk Road.
According to experts, the New Silk Road is not just a transit-transport project, but a comprehensive plan for the economic development of a number of states, including the republics of the Central Asian region. The transport corridors will facilitate the growth in trade turnover and ensure free movement of investment capital throughout the Eurasian and Central Asian space.
DZHANDOS NURLANOV, DEPUTY CHAIRMAN, KAZAKH INVEST:
- I think that the Central Asian countries are very attractive for investors now. You know, big changes are ongoing in Uzbekistan, we welcome them, and many processes are getting liberalized very quickly. It is clear that our southern neighbors have great energy potential, potential in agricultural and processing industry. I think, as a region, Central Asia is attractive enough for foreign investors.
According to analysts, foreign business shows high interest in the opportunities available in the region. The amount of raised funds is increasing. More investors are investing in the manufacturing industry rather than the commodity sectors.