Singaporean company will attract investment in Kazakhstan

The first pilot site of Jurong in Kazakhstan will be SEZ "Information technology park Alatau", which has great potential for development. According to Kaznex Invest, there has been defined a list which contains 50 multinational corporations - potential investors.
According to Nurlan Sadykov, Managing Director of Kaznex Invest, the company demonstrates a high level in the organization of SEZs worldwide communicating with 7000 investors.
In turn, Tang Tat Kwong, Jurong Director Group President and CEO, believes that it is too early to raise the question of SEZs' profitability.
Currently, there are 10 SEZs in Kazakhstan specialize in the development of different spheres including industrial production, technological innovation, logistics, textile industry, tourism and recreation. According to Kaznex Invest, on the total territory of SEZs there have been implemented 83 projects and another 68 are under realization. Total public investment amounted to KZT 75.5 billion. The total volume of private investment is KZT 228 billion. 60 % of the allocated budget funds have been returned in the form of taxes.