KGIR-2024: 32 documents worth $7bn signed
Kazakh Prime Minister Olzhas Bektenov attended the 7th Kazakhstan Global Investment Roundtable (KGIR-2024), Kazinform News Agency cites the press service of the Kazakh government.
The 7th Kazakhstan Global Investment Roundtable brought together over 500 business representatives, including heads of leading international and Kazakhstani companies in agriculture, food industry, energy and mining sectors, finance, investors and domestic entrepreneurs.
In his address, Bektenov stressed that the KGIR-2024 is a follow-up event, as the country held the Foreign Investors’ Council under the Head of State’s chairmanship the other day, and aims at establishing close dialogue with the business community.
The Kazakh government pursues systemic work to form a favorable investment climate upon the Head of State’s instruction. The country now has 14 special economic zones, offering tax and customs preferences to investors, a simplified procedure for foreign workforce recruitment and eased administrative barriers to business.
The Investment Staff under the government works on a regular basis to promptly address issues facing entrepreneurs. The Green Corridor or Fast-track mechanism, set to accelerate permit procedures for priority investment projects, is being launched. Conditions are in place to ensure the rights and interests of domestic and foreign investors are protected in full, with foreign businesses having the opportunity to choose between English law at the AIFC or the national legal system.
Premier Bektenov highlighted that the promotion of manufacturing is a top priority of the country, calling on foreign companies for close partnership with the business community of Kazakhstan.
The Kazakh government is to do its utmost to maintain a stable and predictable investment climate. Great importance is attached to direct interaction with investors at every stage of the project; the protection of investors’ rights is on focus. Domestic companies, working within the supply chain with major investors, gain experience and improve the quality standards. Major investment projects have a multiplier effect on development of the SME belt, contributing to the formation of a diversified economic eco-system. Alongside the development of foreign production facilities in Kazakhstan, we also seek to increase the share of Kazakhstani content in products. Here, special attention is placed to supporting Kazakhstani personnel. We welcome and encourage foreign investors to hire local specialists at all levels, said Bektenov.
Following the event, a set of 32 documents worth 7 billion US dollars was signed.
During the plenary meeting, Linde Gas GmbH, Shin-Line, KazFoodProducts, Orhun Medical, Jiaxin International Resources Investment, Alstom, Zerde-Ceramics Aktobe, Zharkent Starch Plant, Railways Systems KZ and Сarlsberg Group were hailed as the best investor-companies.
