In 2020, with the support of KAZAKH INVEST, 36 projects worth $ 1.6 billion were implemented
Unofficial translation
As part of the ongoing systematic work to attract investment, over the years of independence, more than $ 360 billion of foreign direct investment has been attracted to the country. In pursuance of the instructions of the Head of State Kassym-Jomart Tokayev on the need to strengthen the work to attract foreign business to Kazakhstan, KAZAKH INVEST has done a lot of work.
“Despite the pandemic and a number of restrictive measures, at the end of 2020, with the support of KAZAKH INVEST, 36 new investment projects worth $ 1.6 billion were implemented. Among them, we can note the production of industrial gases in the Karaganda region with the participation of the German TNC Linde Group. , a greenhouse complex in the Turkestan region with the participation of the Polish company "Polcotton", the production of mixed feed in the Almaty region with the participation of TNCs from the UAE, as well as 7 renewable energy projects with a total capacity of 368 MW have been launched in various regions of the country, "said the Deputy Chairman of the Board of" KAZAKH INVEST " Galym Uzbekov.
During the period of mitigation of quarantine measures, KAZAKH INVEST organized a number of events to promote the country's investment image. The discussions were attended by representatives of business circles of the countries of Northern Europe, the UAE, Great Britain, Germany, Turkey, China and Ukraine. More than 40 thematic webinars were organized in the online format with a total audience coverage of about 6 thousand people from more than 50 countries.
Also, at the end of the year, Kazakhstan with the support of "KAZAKH INVEST" was visited by over 70 foreign business delegations from the USA, Germany, Russia, the UAE, India, South Korea and other countries. More than 2 thousand oral and written applications of investors were considered.
“In order to strengthen the work of the three-tier investment attraction system, 65 country investment programs have been developed, within the framework of which work will be carried out on a point approach to the selection and support of investment projects, as well as to identify active investors. Taking into account their strategic development plans, we will be able to select the most likely potential investors and invite them to implement their projects in Kazakhstan, ”said Galym Uzbekov.
At the same time, much attention is paid to strengthening institutional interaction in the investment sphere. For example, in the fall of 2020, the Kazakh-American Business Council was established under the US Chamber of Commerce, uniting the entire American business community.
In early 2021, the governments of the United States, Kazakhstan, and Uzbekistan announced the creation of the Central Asia Investment Partnership. As part of this initiative, the US International Development Finance Corporation (DFC), Kazakhstan and Uzbekistan plan to invest at least $ 1 billion over five years.
Also, in order to improve the investment climate, improve the legal framework and support strategic investors, a new tool for supporting investors was introduced - an investment agreement.
Taking into account the forecasts of international organizations on a decrease in global investment flows, KAZAKH INVEST will continue to actively work to strengthen the promotion of investment opportunities, attract investors to Kazakhstan, as well as assist in the launch of more than 40 new industries this year.