Invest to kazakhstan
Attraction and effective use
of foreign investment in the
country
Today, in the conditions of a worsening world economy, we must intensify
our investment resources. By the instructions of the Head of State, measures
have been taken to ensure sustainable growth by attracting investments.
Attraction and effective use of foreign investment in the country is the main
direction of mutually beneficial economic cooperation of Kazakhstan with
foreign countries. Foreign investors, for today, have real opportunities for
constructive dialogue and the achievement of real mutual understanding
with the president and state authorities of Kazakhstan.
Erlan Khairov,
Vice Minister
for Investment and
Development of RK
On 25 March 2016, the President of the
Republic of Kazakhstan, N.A. Nazarbayev,
signed the Law on Ratification of the
Enhanced Partnership & Cooperation
Agreement between the Republic of
Kazakhstan, on the one hand, and the
European Union and its member states,
on the other hand. Kazakhstan became
the first country in the post-Soviet world
to sign such an agreement with the EU.
This was preceded by the Partnership and
Cooperation Agreement of 1995, which was
implemented in July 1999.
Will the new agreement give impetus to
the development of cooperation in the field
of investment, innovation and business
development? What are the prospects for the
business community? What do the statistics
on investment tell us? This and much more
we have discussed with the Vice Minister
for Investments and Development of the
Republic of Kazakhstan, Mr Erlan Khairov.
foreign investments were attracted to the
economy of Kazakhstan over the past 11
years.
We have experienced positive achievements.
The volume of direct investment has
confidently entered a stage of growth. If we
briefly dwell on the statistics, according to
the National Bank of Kazakhstan in 2016,
the gross inflow of FDI amounted to 20.6
billion USD and increased by 40% compared
to 2015.
The greatest increase in gross inflow
of FDI is observed in such industries
as information technology - 9.7 times,
electricity - 5.9 times, mining – 2 times,
construction - 84.5%, trade - 51%,
processing industry - by 48.3%.
At this, in a number of manufacturing
industries, FDI increased into
pharmaceutical products – 8 times,
metallurgy - 85.8%, manufacture of wood
and paper products - 74%. The share of the
processing industry within the structure of
investments has grown from 17% to 18%.
Erlan Kartayevich, please share, what
is the amount of foreign investments
attracted to Kazakhstan? What do the
figures tell us?
Thanks for asking. Let's turn to the figures. Thank you. Erlan Kartayevich, and how
Thanks to the policy pursued by the Head of is the trade and economic cooperation
State, more than 243 billion USD of direct
with the EU developing today? What
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