Kazakhstan establishes a negotiating team that will work with investors

Nur-Sultan, April 13, 2021 - In accordance with the instructions of the Head of State to reform the investment management system, Kazakhstan establishes a special Task Force to work with investors.

Deputy Prime Minister - Minister of Foreign Affairs of the Republic of Kazakhstan, Mukhtar Tleuberdi and Governor of the Astana International Financial Center, Kairat Kelimbetov signed today a joint order on the creation of such a Task Force. The Task Force is a special team of negotiators at the Investment Headquarters, which is responsible for organizing the work and setting the agenda of the Investment Headquarters. It will provide end-to-end support of projects from the development process, structuring to the start of the investment project.

The initial composition of the team includes the representatives of KAZAKH INVEST and the AIFC as permanent members. The Task Force will also involve employees of the Central Geographical Society, local executive bodies, financial institutions, the quasi-public sector and National “Atameken” Chamber of Entrepreneurs, as well as representatives of the embassies of Kazakhstan.

The projects worked out with investors will be submitted for consideration of the Investment Headquarters under the chairmanship of the Prime Minister of the Republic of Kazakhstan. The task of the investment headquarters is to make a managerial decision ensuring specific conditions for the investor and to sign the Strategic Investment Agreement under the Law on Economic Growth Recovery, which entered into force on January 16, 2021.