Experts Discussed Global Investments in Kazakh Capital

Kazakhstan has created a favorable environment for foreign entrepreneurs such as guaranteed safety of investments as well as stability of legislature economy and politics.

The view was expressed by the participants of the Kazakhstan Global Investment Roundtable.

The participants, consists of over 1,000 experts and businesspeople from 40 countries, believe that the promising sectors in Kazakhstan include the food industry, agriculture, logistics, transport, information technologies and construction.

Prime Minister of Kazakhstan, Askar Mamin said that more than US$300 billion have been invested into the country since its independence in 1991.

He said that in 2018, more than US$24 billion foreign direct investment (FDI) was brought into Kazakhstan, which is more than 90% of the total FDI in Central Asia.

“Investment has been and continues to be a fundamental factor in the growth and development of our economy,” Mamin added.

Meanwhile, Central Asia’s largest investment project worth over US$1 billion will be implemented in Turkistan region.  

“We are grateful to the Kazakh Government for the comprehensive support in the implementation of these investment projects. We are assisted with infrastructural developments, which helps reduce our investment costs and make our projects more attractive with a faster return on investment,” Russian entrepreneur, Alexander Rudakov said.