Assets legalization amounted to 3.9 trillions tenge gave an additional impulse to the economy of Almaty - B. Baibek

In 2016, the growth of investments in basic assets in Almaty amounted to 4.8%, while budget investments decreased by one third, and investments from private capital grew by 34%. Growth has been achieved by the organization of new industries in engineering, light, chemical, pharmaceutical, food industry, construction industry.

The main importance in this is the potential of the Industrial Zone, where 39 projects have been done for 195 billions tenge, 19 of them are export-oriented, 8 ones are with the foreigner’s participation.

"One of the main tasks identified by the Head of the State in the new model of the country's economic growth is the Third Modernization of Kazakhstan. It is the reduction of the state's share in GDP to the level of the OECD countries, i.e. 15 percent. In this work, the main focuses are the business interests and the principles of Yellow Pages: the state should not provide services provided by the business. In Almaty, the level of the state's share in the economy has already reached about 18%. In 2016, 18 state enterprises were privatized.

This year, it is planned to realize 21 enterprises with liquid assets. A serious impulse was given to the economy by the legalization, Last year, assets of 3.9 trillions tenge were legalized in the city. It’s been almost 70% of the republican indicators," mentioned the Almaty’s governor during his speech.

Particular attention is paid to the creation of a favorable investment climate in Almaty. In 2016, in the international rating "Doing Business", Kazakhstan, ranked by Almaty, rose to 35th place, following Switzerland and Japan. As a result of the government

And the local level of reforms simplified and automated many public services. For example, the term for the issuance of technical conditions was reduced from 14 to 5 days, the collection of unnecessary documents was excluded, the terms of issuing APZ were reduced from 10 to 6 days, and compliance monitoring was implemented. This not only reduced the barriers for local business, but also allowed the involvement of international companies. Last year eight transnational companies were involved in Almaty. One of the striking examples is the Japanese plant for the production of high-strength gabion mesh "Tokyo Rope Almaty". The company successfully operates and plans to expand on the territory of the Industrial Zone.

The main attention is paid for the creation of a pleasant investment climate in Almaty. In 2016, in the international rating "Doing Business", Kazakhstan ranked by Almaty index, rose to 35th place, following Switzerland and Japan. As a result of the reforms done at the governmental and the local level simplified and automated many public services. For example, the term for the issuance of technical conditions was reduced from 14 to 5 days, the collection of unnecessary documents was excluded. The terms of issuing APZ were reduced from 10 to 6 days, and compliance monitoring was set up. This was not only reduced the barriers for local business, but also allowed to the involvement of international companies. Last year eight transnational companies were involved in Almaty. One of the vivid examples of it has been the Japanese plant for the production of high-strength gabion mesh "Tokyo Rope Almaty". The company has been working successfully and plans to expand on the territory of the Industrial Zone.

The Almaty’s governor has also highlighted the format of PPP among the opportunities for investors which allows to guarantee incomes to entrepreneurs through the conclusion of long-term service contracts. In 2016, more than 160 projects were realized in partnership with business in the city. 175 private kindergardens for 5,600 places were opened.

Now more than 20 projects are being considered. It should be noted that, the development of the Smart Almaty concept is currently being completed together with the international IDC corporation. Its implementation will allow the exchange of large data, automate processes and consolidate measures for the development of Industry 4.0.