World Monitor Magazine, #5, Industry World Monitor Magazine, Industrial Overview | Page 11

Invest to kazakhstan
In the ranking of world financial centers Global Financial Centres Index ( GFCI ) from Z / Yen Group , Almaty occupied 51 st place among 84 cities .
According to the Financial Post , the city entered the Top-10 of 96 cities with the fastest growing economies .
According to experts of the authoritative The Economist , by 2025 Almaty should become one of one hundred global competitive cities attracting capital , technologies and skilled professionals .
According to the index of the World Bank “ Doing Business ,” today Kazakhstan occupies the 35th place among 189 countries . This index is calculated based on Almaty ’ s performance .
We want to emphasize four key investment areas for Almaty .
First , further development of Almaty as the center of international business and trade .
Almaty is a city of business and trade . Not having the raw material resources , the city maximally develops entrepreneurship – the foundation of the economy . Small and medium enterprises ( hereinafter , SME ) provide more than one third of the gross regional product , six of ten working residents are employed in SMEs . More than 60 % of the investments in the city are from entrepreneurs . In recent years , major global retailers , franchising networks and companies , fast-growing in different areas entered the city ’ s markets . Today Almaty opens the floodgates for investors in the new markets of the Eurasian Economic Union and Silk Way , and membership in the WTO has opened new prospects and trade opportunities . The city provides about 20 % of foreign trade turnover for the country .
In recent years competitiveness of the country ’ s agricultural products was improved and developed , increasing export potential . In the near future , the country plans to develop land resources , which will also be involved in market turnover . We believe that Almaty will play an important and significant role in this , as a major logistics hub on the highway , Western Europe – Western China . In addition , Almaty connects Kazakhstan ' s main long-distance and international roads , railways and airways as well .
Second , the industrial-innovative development of Almaty .
The city ' s economy is built on nonresource and knowledge-intensive priorities . To date , manufacturing composes 74 % of the city ' s industry .
Special economic and industrial zones have been created in Almaty . For example , the city has an Industrial Zone with an area of 490 hectares , located in the northwestern part of the city . There are six main industial sectors in the zone : food industry , mechanical engineering , construction industry , pharmaceutical industry , chemical industry , and light industry . To date , 33 projects have been approved for implementation in the Industrial Zone in the amount of KZT 176.9 billion , creating 4989 jobs after implementation .
Also , in order to build a competitive environment , the ‘ Innovation Technology Park ’ Special Economic Zone ( hereinafter referred to as “ ITP ” SEZ ) has started operating in the city . The area of “ ITP ” SEZ is 163 hectares , 22.6 hectares of which were developed under the first stage , with 140.3 hectares being developed under the second stage .
Currently , 145 companies have been registered in “ ITP ” SEZ . The total number of jobs with participants of “ ITP ” SEZ is 3141 . During the park ’ s operation , KZT 20.5 billion was invested , with KZT 2.16 billion – in the first half of 2016 . The products were manufactured in the amount of KZT 95 billion , with KZT 12.8 billion – for the first half of 2016 .
supported by EUROBAK
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