A special negotiating team that will work with investors established in Kazakhstan

Nur-Sultan, April 13, 2021 - Following the instructions of the Head of State to reform the investment management system, a special group, Task Force, was created to work with potential investors.

A joint order on the establishment of the Task Force was signed today by Deputy Prime Minister, Minister of Foreign Affairs of Kazakhstan, Mukhtar Tileuberdi, and AIFC Governor Kairat Kelimbetov. The Task Force is a special team of negotiators at the Investment Headquarters that is responsible for arranging the work, and setting the agenda of the Investment Headquarters. It will provide end-to-end support for projects from the development process and structuring to the start of the investment project.

The initial composition of the team includes employees of KAZAKH INVEST and AIFC as permanent members. The Task Force will also involve employees of central government agencies, local executive bodies, financial institutions, quasi-public sector and Atameken NPP, as well as representatives of Kazakh embassies abroad.

Specific projects being worked out with investors will be submitted for consideration by the Investment Headquarters under the chairmanship of the Prime Minister of Kazakhstan. The task of the investment headquarters is to make managerial decisions to ensure special conditions for the investors and to sign the Strategic Investment Agreement under the Law on Economic Growth Recovery, which entered into force on January 16 this year (signed on December 2, 2020).