About 300 billion dollars of foreign investments have been attracted to Kazakhstan in 26 years
About 300 billion dollars of foreign investments have been attracted to Kazakhstan in 26 years. This is approximately two thirds of all investments in Central Asian countries. Investors are attracted by favorable conditions and various preferences. A special national company Kazakh Invest is designed to work with investors. All this allowed attracting 10.5 billion dollars in Kazakhstan’s economy in six months of 2017. This is almost 9% more than in 2016.
GYORGY TAR, ATTACHE ON EXTERNAL ECONOMY, HUNGARIAN CONSULATE GENERAL IN KAZAKHSTAN:
- Obviously, there are major benefits and they are very important. Kazakhstan needs to make such large investments in attracting investors. This is the same thing that happened in Hungary in the early 1990s, when we made big investments in order to invite international companies to work in Hungary.
15 billion have been invested in Aksu sugar refinery to reopen it. 330 tonnes of sugar have been already produced. A number of new enterprises will be launched in the region soon.
ALIMZHAN TOKHTASUNOV, HEAD OF ALMATY REGIONAL ENTREPRENEURSHIP DEPARTMENT:
- Taldykorgan industrial zone is ready. We have supplied everything except for gas. The Dutch company ‘Farn Friz’ started designing the ‘Bereke’ industrial zone. We provided a land plot through the national company, and built the infrastructure. A large project on manufacturing the export oriented products will be implemented here.
The major part of investments in Kazakhstan was attracted from the United Kingdom, the Netherlands, Switzerland, France, the United States, South Korea and China. Serious work has been done in the republic to improve the business climate in recent years. This was noted in the World Bank's Doing Business rating where Kazakhstan was positioned the 36th, ahead of such OECD countries as Belgium, Italy, Israel, Greece, and Turkey. Kazakhstan has also bypassed such EAEU countries as Belarus, Armenia and Kyrgyzstan.