«LOTTE» SOUTH KOREAN COMPANY OPENED A CONFECTIONERY FACTORY IN SHYMKENT.

In Shymkent was opened a confectionary plant of «Rakhat Shymkent» LLP. Investments for its realization was attracted from the side of one of the largest South-Korean companies - «Lotte», and made almost 3,2 bln.tenge. 

Implementation of new production power will give an opportunity for «Rakhat Shymkent» LLP to produce new competitive products within WTO, to satisfy a necessity in confectionary goods inside the republic, to create an additional job places, as well as to increase tax budget revenue. Thus, planned annual production volume is 23 ths.tones of confectionary products. On the plant 100 job places were created additionally.  

Due to created conditions within the program of industrialization in Kazakhstan, investment projects with participation of foreign investors in non-primary sectors of economy. Moreover, these support measures contribute the widening of current productions. 

The Ministry for Investment and Development of RK and «KAZNEXINVEST» JSC a system work with current foreign investors in Kazakhstan who is planning to invest an additional funds and resources to the widening of its production activity is conducted. In accordance with international statistics, averagely around 65% of investments fell within the current investors.

Reinvestment in given project is a factor of investors trust to Kazakhstan and its investment climate.

Despite the instability in the world and in the region, our country remains a reliable partner for investors.

In Kazakhstan, for the first five years of industrialization the investment climate has been considerably improved. According to the survey of Ernst & Young, the bulk of investors working in Kazakhstan (80%) are satisfied with the country's investment climate.

This is confirmed by means of statistics. Thus, in the manufacturing industry for the years of SPAIID was attracted 74% of all investments directed into the sphere of processing since 2005. With the general increase of direct foreign investment inflow, the share of the manufacturing industry increased from 7% to SPAIID to 14% in the first five years of industrialization.

It should be noted that last year the government has adopted the range of measures to further investment climate improvement in the country. In particular, a new package of incentives was adopted, including the abolition of visa regime for citizens of 10 countries; creation of investors support center realizing priority investment projects, as well as stimulating of reinvestment.